contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


analyst-group-analyst-group-interview-admicoms-ceo-simo-leisti

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Admicom operates in the IT sector. The company develops cloud-based services that mainly concern administration, accounting, payroll and project management. In addition to its main business, it offers training and customer support. Its customers are small and medium-sized corporate customers, with the largest operations in construction and industry. The head office is located in Jyväskylä.

Shares into the shredder. This removes 1.6% of the total shares                    Inderes              Admicom mitätöi takaisinostettuja osakkeita - Inderes    Admicom Oyj | Yhtiötiedote | 28.4.2026 klo 11.00 Admicom Oyj ("Admicom" tai "yhtiö") on tänään mitätöinyt 80 293 yhtiön omaa osaketta Admicom Oyj:n hallituksen tekemän päätöksen mukaisesti. ...

I’m pondering CEO Leisto’s AI statements. In the short term, defensive margin protection is understandable, but what about future growth? Is Admicom “Nordeafying” and just polishing a single diamond to make it shine brighter? The speech emphasizes the nature of system of record data and its role in training AI. Could this data actually be the “meat,” rather than the ERP software itself? In other words, should Admicom rather take a hit on margins and capture the market to acquire customers and more data? If data is ultimately the most valuable piece of the business cake, it might even be profitable to pay competitors for data delivery, if you can refine it into valuable content and sell it back in a processed form. In other words, in the long run, Admicom shouldn’t think of itself as (just) a software company? Saascalypse wouldn’t be a horror story, but an opportunity for change (boy, that last sentence really smelled like consultant-speak). I really don’t know the construction industry, so the freedom to toss ideas around feels wonderfully light.

Almanakka has written about Admicom after Q1.   Valuation: Despite the post-results development, the stock has become cheaper quite quickly since the last update. Compared to its own history, it’s actually quite cheap. You can get it at all-time-low multiples at the bottom of the cycle. I also find this appealing, even though I wasn’t particularly thrilled by this earnings release, co-determination negotiations, and guidance risk.                    Sijoitustieto.fi              Admicom Q1/26: Yt-neuvotteluiden avulla kasvuun    Artikkelin kuva on tekoälyhöttöä, eikä siis liity oikeasti yhtiöön tai sen tuotteisiin millään tavalla. Admicomilla riitti kerrottavaa kuluneen kvartaalin loppupuolta kohden. Ensin yhtiö halusi järjestää sijoittajapuhelun, jossa rauhoiteltiin...

Tärkeimmät talousuutiset | Kauppalehti – 17 Apr 26              Admicomin osakkeella 1,1 miljoonan euron blokkikauppa    Yli 33 000 Admicomin osaketta vaihdettiinnn pörssin ulkopuolella.                             The transaction involves 33,413 shares, which corresponds to approximately 0.7% of the market value. Unit price €32.725

You are absolutely right. At Admicom, salaries weren’t the draw for experts, but rather the good stock incentives. As the IPO loomed, everything was squeezed out of the machine in the style of the gaming industry’s “crunch.” Absolutely everything. In that sense, Admicom lived on borrowed time, and you can’t fight the gravity of corporate life forever—this isn’t some sweatshop, after all. (Or should we say the Lapland tourism industry these days…) You can infer the rest from the tax statistics. Some left to become gentlemen of leisure or reduced their workload to sensible levels. There’s likely no longer the same incentive to push against the limiter, because they don’t have to.

The company hasn’t really been able to dodge the construction sector downturn as I would have hoped. In Finland, there is talk of new massive cuts again, which certainly won’t increase consumption. We’ve been waiting for a turnaround in construction for quite a while now, and it just doesn’t seem to be starting. For my taste, the company is a bit too “married” to the situation in Finland, and that’s why I removed it from my portfolio with a decent profit. Well, Aallon stayed there, which is even more stuck in the same situation  Overall, the company was much more cyclical than I thought, and I took a slightly more bearish stance. It’s also a bit difficult to perceive the competitive advantages. Hopefully, though, the situation turns around for both Finland and the company!

I’ve got the impression that Admicom’s cost discipline might not have been on a sustainable footing in the long run. Strong growth requires structures, support, experts, etc. By constantly squeezing the lemon, you end up with “organizational debt.” Quite a few small companies are very profitable when the CEO does everything from marketing to accounting, middle management isn’t needed, communication is easy because there are few people, etc. As the scale grows, phases often occur where profitability suffers at least for a while as the organization is “strengthened” so that personnel don’t burn out or performance doesn’t suffer. Then again, once a certain size is reached, it should show up nicely as a swelling bottom line (also known as economies of scale). Profitability in small firms is also often boosted by share ownership. For example, probably all of Admicom’s original employees, down to the cleaners, became multimillionaires. It’s easy to keep wages in check when the rising share price elevates all employees to the Jyväskylä nobility. In Admicom’s case, however, the growth investments have been reflected as some growth even in a very difficult market! So I might not criticize this company right away, although Häll, as the founder, certainly looks at the company more closely. On the other hand, I sympathize with Häll’s view in the context of the small-cap scene in recent years generally. Everywhere they only talk about growth, growth… and a bit more growth. In practice, the last few years have been catastrophic for almost all small companies (except for someone like Viafin), because they’ve stepped on the gas in a market that isn’t growing. Costs and investments swell, but because the top line doesn’t grow or grows very slowly, profitabilities have collapsed. If you look at the direction of communication and NUMBERS of large companies on the Helsinki Stock Exchange, I think profitability has become much more prominent in recent years. Clearly, they have started following the Swedish model, where companies don’t move a muscle unless they get a certain return on capital for the investment. An entrepreneur once told me that the Swedes have a “kusiraja” (piss limit/hurdle rate) (is that an official term in Stockholm meetings of the Wallenbergs and other moneyed families?) below which they don’t make investments. Capital has a cost: it shouldn’t be splashed around on just any project. In Finnish small-caps, there is still a strong cult of revenue and EBITDA growth, even though looking more closely at the investments, they make no economic sense. Growth for the sake of growth can be fun empire building, but it is devastating for shareholder value. I understand that from a management perspective, it can be sweet when you can post strong revenue growth figures on LinkedIn (for which you get huge pats on the back) and demand more pay as the organization grows. But once again, Finland’s already scarce capital is funneled like fuel into a bonfire and goes up in smoke.

Admicom

We have interviewed Simo Leisti, CEO of Admicom. In the interview Simo tell us where the company is today, the strategy going forward and why the company is a good investment.Read the interview...

<div class="mfn-preamble"><p><strong>We have interviewed Simo Leisti, CEO of Admicom. In the interview Simo tell us where the company is today, the strategy going forward and why the company is a good investment.</strong></p></div><div class="mfn-body"><hr><p><strong><a href="https://analystgroup.se/textintervju/interview-with-admicoms-ceo-simo-leisti/" rel="noopener">Read the interview here</a></strong></p><hr><p>About Analyst Group: One of the Nordics fastest growing equity research boutiques with a focus on small and medium-sized listed companies.<br><strong><a href="https://analystgroup.se/om-oss/" rel="noopener">Read more about Analyst Group</a></strong><strong> (Swedish)</strong><br><br>This is a press release from Analyst Group regarding the publication of an interview with Admicom.</p></div>