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
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

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.

Here are Atte’s comments regarding these minor acquisitions by Administer                    Inderes – 11 May 26              Administer ostaa viisi pientä tilitoimistoa - Inderes    Viisi uutta yrityskauppaa tuovat 1 MEUR lisää liikevaihtoa ja vahvistavat alueellista verkostoa.

sttinfo.fi              Administer vahvistaa viiden yrityskaupan myötä tilitoimistoliiketoimintaansa...    Administer Oyj Lehdistötiedote 11.5.2026 klo 8.30                             Administer has agreed on five acquisitions to strengthen the Group’s regional accounting services operations across Finland. Administer is acquiring Tarvissio Oy, operating in Mikkeli; MM Yrityspalvelut Oy, operating in Kouvola; and Tilipalvelu Pirhonen, operating in Joensuu. Administer already has existing offices in these locations. With the acquisition of Tilitoimisto AKA Oy in Himanka, the company will establish a presence in the Kalajoki economic area as a new location. The acquisition of Oy PR-Hallinto Ab will also strengthen operations in Kouvola, and this deal additionally brings property management (isännöinti) business to the Group. The combined net sales of the acquired entities amount to approximately one million euros.

The Sarastia plan is indeed interesting to hear about; it brings a massive headcount, and the business serves public sector operators. If methods other than staff reductions are seriously proposed to improve profitability, I would take those claims with a grain of salt. In Sarastia’s client field, future tenders involve risks because winning is difficult without competing on price. From the outside, it is easy to think that Administer has made these moves post-IPO just to be a big player because it’s nice to be big. For example, Econia is effectively a staffing agency, and due to its large size, Administer gained a very cyclical piece in its package, whose weak performance has been a drag (dead weight) on the rest of the group. In other words, a major sideline. Consequently, one would expect the turnaround of Econia to show up strongly in the figures, if such a turnaround is to happen. In its morning newsletters, Inderes publishes staffing industry revenue statistics (e.g., related to Eezy analysis), which, after a long slump, has shown signs of a turnaround at the turn of 2025-26. Interestingly, in Atte’s Q1 forecast, the development is -10%, meaning the early part of the year would have gone significantly worse than the rest of the market. Econia’s top-line development has been roughly in that -10% range for the past few quarters; we will soon see if they have truly been left behind

Here are Atte’s pre-result comments as Administer prepares to release its Q1 results  We expect the company’s revenue to have decreased slightly from the comparison period, weighed down by the continued weak market situation. However, we forecast profitability to have remained roughly stable, supported by streamlining measures. The main interest in the report is focused on the new guidance for 2026, which includes the Sarastia corporate acquisition completed in April. Comments regarding Sarastia’s integration plans and the development of the market situation are also of particular interest.                   Inderes – 7 May 26              Administer Q1'26 -ennakko: Sarastian sisältävä uusi ohjeistus keskiössä -...    Sarastian sisältävä uusi ohjeistus on raportissa keskiössä.

Here is the company report from Atte following the Sarastia acquisition  The value creation of the acquisition relies particularly on efficiency measures, for which the visibility of success is still weak. At this stage, we have modeled a very moderate profitability improvement for the coming years, in addition to which we still forecast the earnings improvement to continue in Administer’s other business operations driven by market recovery and efficiency measures. If these materialize, the stock’s valuation for the coming years (2027e-2028e adj. P/E 7.5x-6.6x) is very low. With the current valuation, there is plenty of potential, but large corporate restructurings and their integration always involve risks. Additionally, uncertainty regarding the recovery of the Finnish economy has increased again recently. Thus, we remain in a wait-and-see mood regarding the stock. We reiterate our Reduce recommendation and adjust the target price to EUR 2.5 (prev. EUR 2.6).                   Inderes              Administer: Sarastia-yrityskauppa alustavasti ennusteisiin - Inderes    Yrityskaupan arvonluonti nojaa erityisesti tehostamistoimiin, joiden onnistumiseen näkyvyys on vielä heikko.

Aten’s comments on how Administer finalized the Sarastia deal. Administer announced on Tuesday, as expected, that it had finalized the Sarastia business acquisition, and the business transfer to a new company (Sarastia Oy) will take place on April 1, 2026. This is the largest acquisition in the company’s history by revenue, making the Administer Group the market leader in public sector financial and payroll administration services. The arrangement offers clear value creation potential for the company if Sarastia’s profitability can be raised to at least a reasonable level in the coming years. Administer has not yet provided guidance for this year including Sarastia, but will do so in connection with its Q1 report. We will update Sarastia into our forecasts soon. We last discussed the potential offered by Sarastia in connection with our Q4 update.                   Inderes              Administer sai Sarastia-kaupan päätökseen - Inderes    Kaupan arvonluonti nojaa kannattavuusparannukseen.

Here’s a company report from Atte on Administer regarding its Q4 results  The company’s efficiency measures began to show good results in the latter part of the year, and Q4 earnings improved more than we expected. This year, in addition to the integration of the large Sarastia acquisition, the company’s focus is on ensuring growth and continuing profitability improvement across all business operations. We expect Administer’s organic growth to remain slightly negative this year, but with development beginning to improve in H2. Continued earnings improvement and the successful integration of Sarastia offer Administer clear earnings growth potential for the coming years, in light of which the stock’s valuation (2026e P/E 11x) is not particularly demanding. However, relying on this would currently require a bit too much optimism. Additionally, due to AI fears, the valuations of software and service companies have recently been hammered down significantly, which means Administer’s valuation does not yet appear particularly attractive in relative terms. We reiterate our Reduce recommendation and adjust our target price to EUR 2.6 (previously EUR 2.7).                   Inderes              Administer Q4'25: Odotamme tulosparannukselle jatkoa tänä vuonna - Inderes    Tänä vuonna yhtiön fokuksessa on tulosparannuksen jatkaminen Sarastian integraation lisäksi.

Administer

Administer reports Q1 figures on May 13. We expect a slight topline decline alongside improved profitability on efficiency measures. The focus, however, is on FY26 guidance, progress on the ...

Administer reports Q1 figures on May 13. We expect a slight topline decline alongside improved profitability on efficiency measures. The focus, however, is on FY26 guidance, progress on the Sarastia integration and market commentary.