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Extensive research

Talenom: International recipe tested in the next few years

By Juha KinnunenAnalyst
Talenom
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Talenom’s earnings growth story will get back on track in the next few years as the company moves from aggressive growth to reviving profitability. The company is facing critical years for internationalization, as Sweden seeks efficiency from its own accounting system and Spain is being ramped up. After a strong price rise, the stock is no longer in the bargain bin, but if Finland’s success story can be transferred abroad, the stock is still cheap. The track record is still weak outside Finland, but the ingredients for a recipe for success are present.

Talenom is an accounting firm that offers a wide range of services within accounting, invoice management and payroll. In addition to the main business, financial analysis and the possibility of real-time control via the company's web services are offered. The largest proportion of customers are found among small and medium-sized corporate customers in the Nordic market. The company was founded in 1972 and has its headquarters in Oulu.

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Key Estimate Figures2023-12-27

202223e24e
Revenue102.1121.4136.8
growth-%23.3 %18.9 %12.6 %
EBIT (adj.)15.311.415.8
EBIT-% (adj.)15.0 %9.4 %11.6 %
EPS (adj.)0.270.140.20
Dividend0.180.180.19
Dividend %2.0 %6.0 %6.3 %
P/E (adj.)34.321.615.3
EV/EBITDA14.26.55.6

Forum discussions

Here are the guidance comments. Interpreting this, Talenom’s accounting firm’s EBITDA profitability is weaker than expected. In a demerger, ...
yesterday
by Opa
10
Here are Juha’s comments on Talenom’s recent acquisitions. Talenom continued its acquisitions in Spain by acquiring three small accounting firms...
yesterday
by Sijoittaja-alokas
5
Event starts 18.12.2025 at 12.00 EET Apparently starts at 12
yesterday
by viljo
0
Good morning, welcome tomorrow to follow the webcast where we will open the strategy and figures of both our businesses as separate companies...
yesterday
by otto-pekka.huhtala
33
There are now separate guidelines for the upcoming 2026 for Talenom and Essor, as well as figures for 1-9/2025. Nasdaq Company News Talenomin...
12/16/2025, 6:00 PM
by Opa
22
Shopping in Spain Inderes Talenom ostaa espanjalaisen tilitoimiston Pagoa consultorasin - Inderes Talenom Oyj, lehdistötiedote 16.12.2025 kello...
12/16/2025, 2:06 PM
by Saku
17
These software programs, Easor, Fennoa, Netvisor, etc., are all very different from a user perspective. Additionally, their pricing models vary...
12/16/2025, 1:00 PM
by hulabaloo
2
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