United Bankers H1’25 preview: A sticky start to the year
Translation: Original published in Finnish on 8/18/2025 at 7:53 am EEST.
| Estimates | H1'24 | H1'25 | H1'25e | H1'25e | Consensus | 2025 | |||
| MEUR/EUR | Comparison | Actualized | Inderes | Consensus | High | Low | Inderes | ||
| Revenue | 33 | 26 | 53.6 | ||||||
| EBIT (adj.) | 13.5 | 6.7 | 14.9 | ||||||
| EPS (adj.) | 0.94 | 0.45... | |||||||
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United Bankers is a Finnish expert on wealth management and investment markets, established in 1986. It is one of the oldest non-bank asset managers in Finland. The Group's wealth management business includes funds, discretionary portfolio management, and structured investment products. In its funds, United Bankers specialises in real asset investment solutions, focusing on forest, real estate, infrastructure, and renewable energy. The company also provides capital markets services. United Bankers' headquarters is located in Helsinki.
Read more on company pageKey Estimate Figures18.05.2025
| 2024 | 25e | 26e | |
|---|---|---|---|
| Revenue | 62.1 | 53.6 | 59.6 |
| growth-% | 19.2 % | -13.7 % | 11.2 % |
| EBIT (adj.) | 23.4 | 14.9 | 18.3 |
| EBIT-% (adj.) | 37.6 % | 27.8 % | 30.8 % |
| EPS (adj.) | 1.65 | 1.02 | 1.24 |
| Dividend | 1.10 | 1.15 | 1.20 |
| Dividend % | 6.2 % | 4.6 % | 4.8 % |
| P/E (adj.) | 10.8 | 24.5 | 20.1 |
| EV/EBITDA | 7.0 | 14.9 | 12.5 |
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