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Administer

2.24 EUR+0.90 %13/11 14:00
1,072 following

ADMIN

First North Finland

IT Services

Technology

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Financials & Estimates
Dividend
Short Selling
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+0.90 %
+9.80 %
+0.90 %
-2.61 %
-6.67 %
-10.40 %
-17.95 %
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-53.32 %

Administer Group is a Finnish company that offers financial and payroll services, consulting and software services, staffing and recruitment services, and compliance and advisory services. The company's customers are found in both small and medium-sized enterprises, as well as municipalities. Administer was founded in 1985, and has offices in Finland as well as in Stockholm and Tallinn.

Read more
Market cap
38.43M EUR
Turnover
6.87K EUR
P/E (adj.) (26e)
14.62
EV/EBIT (adj.) (26e)
11.98
P/B (26e)
1.23
EV/S (26e)
0.5
Dividend yield-% (26e)
2.23 %
Coverage
Recommendation
Accumulate
Target price
2.60 EUR
Updated
2026-11-04
Disclaimer
Atte Riikola
Atte Riikola

Analyst

Latest research

Latest analysis report

Released: 2026-11-05

Revenue and EBIT-%
EPS and dividend
Financial calendar
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Forum discussions
Sarastia has recently announced two competitive bidding processes in which the company’s former municipal clients will continue as its customers. Following the amendment to the Public Procurement Act, more of these tenders can be expected in the near future, and it will be interesting...
9/2/2026, 9:24 AM
by Atte Riikola
3
Good news, but there probably isn’t any information on the price level of the won competitive bidding compared to the previous contract. At least for a few years, the contracts apparently had almost zero margins when Sarastian profitability was hovering around zero (which makes sense...
9/3/2026, 8:17 AM
by Nordman09
2
Here is a company report on Administer from Atte regarding Q3 We are upgrading our recommendation for Administer to Accumulate (previously Reduce) and raising our target price to EUR 2.6 (previously EUR 2.3). The Q3 result clearly exceeded our expectations, as the turnaround in Sarastia...
11/5/2026, 5:43 AM
by Sijoittaja-alokas
1
Administer’s CEO Kimmo Herranen was interviewed by Atte regarding Q3 Topics: (00:00) Administer’s Q3 performance (01:17) Sarastia’s profitability improved (02:52) Reform of the Public Procurement Act (04:00) Tilikunta (05:07) Private sector demand (06:27) Staff leasing (07:16) Group...
11/4/2026, 4:06 PM
by Sijoittaja-alokas
1
A more positive Q3 for a change, which is good. On the other hand, many of the items mentioned in the earnings release that boosted revenue might be the kind that, in upcoming quarters, will drop back down to lower levels, at least occasionally (software project sales, etc.). In ...
11/4/2026, 10:47 AM
by Nordman09
1
Looks like you already managed to find the answer yourself. Most likely just as you said, that figure has now risen somewhat on an annualized basis due to acquisitions. ps. Administer delivered a stronger Q3 result than I expected. Sarastia’s profitability turnaround has progressed...
11/4/2026, 7:24 AM
by Atte Riikola
1
Can one see anywhere how much Administer’s lease/rental expenses eat into cash flow? There was a cash flow statement in the half-year report, but these expenses weren’t broken down there. Does @Atte_Riikola happen to know? EDIT. From the IFRS transition report, I found that last ...
11/4/2026, 6:56 AM
by Karhu Hylje
1
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
3/3
2027

Annual report '26

21/4
2027

General meeting '27

12/5
2027

Business review Q1'27

Administer Q3'26: Sarastias resultatvändning har startat i snabb takt
Research2026-11-05 06:00
by Atte Riikola

Administer Q3'26: Sarastias resultatvändning har startat i snabb takt

Vårt förtroende för resultatvändningen stärktes i och med Q3-rapporten.

Administer
Administer Q3'26 snabbkommentar: Sarastias resultatvändning fortskrid snabbare än våra förväntningar
Analyst Comment2026-11-04 08:20
by Atte Riikola

Administer Q3'26 snabbkommentar: Sarastias resultatvändning fortskrid snabbare än våra förväntningar

Den positiva rapportöverraskningen kom särskilt från den offentliga sektorn, där Sarastias resultatförbättring gick snabbare än vi hade väntat oss.

Administer
Regulatory press release2026-11-04 07:30

Administer Plc: Clear improvement in profitability

Administer

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Administer Q3'26 förhandskommentar: Effektiviseringsåtgärderna borde synas i en förbättrad lönsamhet
Analyst Comment2026-10-28 06:00
by Atte Riikola

Administer Q3'26 förhandskommentar: Effektiviseringsåtgärderna borde synas i en förbättrad lönsamhet

Affären med Sarastia innebär ett tillväxtlyft för omsättningen, och effektiviseringsåtgärderna stöder marginalens utveckling.

Administer
Regulatory press release2026-10-20 15:00

Administer Plc’s financial reporting and Annual General Meeting in 2027

Administer
Regulatory press release2026-09-29 07:30

Administer Plc: The Board of Directors has decided to establish an HR Committee

Administer
Regulatory press release2026-09-24 07:30

The members of the Administer Shareholders' Nomination Committee have been appointed

Administer
Administer stärker sin position inom den offentliga sektorn genom förvärvet av Tilikunta
Analyst Comment2026-09-07 06:50
by Atte Riikola

Administer stärker sin position inom den offentliga sektorn genom förvärvet av Tilikunta

Förvärvet av Tilikunta ökar enligt vår bedömning den offentliga sektorns segments omsättning nästa år med ungefär 6 %.

Administer
Administer Q2'26: Resultatet för resten av året kräver en upphämtning
Research2026-08-14 06:00
by Atte Riikola

Administer Q2'26: Resultatet för resten av året kräver en upphämtning

För slutet av året förutspår företaget en kraftig resultatförbättring, vilket de redan genomförda effektiviseringsåtgärderna utgör en god grund för.

Administer
Administer Q2’26 snabbkommentar: Väntad tillväxt, men marginalen var svag
Analyst Comment2026-08-13 08:20
by Atte Riikola

Administer Q2’26 snabbkommentar: Väntad tillväxt, men marginalen var svag

Omsättningen växte nästan i linje med våra förväntningar, drivet av förvärvet av Sarastia, men lönsamheten för kvartalet var svag.

Administer
Regulatory press release2026-08-13 07:30

Administer Plc: Significant growth in net sales

Administer
Regulatory press release2026-08-11 10:30

Change in Administer Group’s Management Team: Markus Backlund to leave his position

Administer
Administer Q2'26 förhandskommentar: Sarastia inkluderas i siffrorna för första gången
Analyst Comment2026-08-06 08:13
by Atte Riikola

Administer Q2'26 förhandskommentar: Sarastia inkluderas i siffrorna för första gången

Vi följer noga företagets kommentarer gällande framstegen med Sarastia-takeovern och integrationen.

Administer
Regulatory press release2026-08-03 17:00

Administer Plc: The purchase price of business acquisition has been paid in shares, change in company´s own shares

Administer
Regulatory press release2026-07-24 07:30

Administer Plc: The purchase price of business acquisitions have been paid in shares, change in company´s own shares

Administer
Administer: IFRS-övergång till estimatmodell
Research2026-07-03 06:00
by Atte Riikola

Administer: IFRS-övergång till estimatmodell

Vi har preliminärt uppdaterat vår estimatmodell för att beakta företagets övergång till IFRS-rapportering.

Administer
Regulatory press release2026-06-29 10:30

Administer Plc: Transition to IFRS reporting and unaudited comparative IFRS information

Administer
Regulatory press release2026-06-22 09:15

Administer Plc: Payment of Board of Directors’ remuneration in shares; change in the number of treasury shares

Administer
Regulatory press release2026-06-04 20:15

Administer Plc: Flagging notification in accordance with Chapter 9, Section 10 of the Finnish Securities Markets Act (Antti Rantalainen)

Administer
Analyst Comment2026-05-28 07:36
by Roni Peuranheimo, Frans-Mikael Rostedt

Case: Personalmarginalerna för konsultföretag har fortsatt att försvagas

Marginalen för personalkostnader hos konsultföretag har sjunkit stadigt under de senaste fem åren.

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