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Administer

2.40 EUR

+0.84 %

1,040 following

ADMIN

First North Finland

IT Services

Technology

Overview

Financials & Estimates

Ownership

Dividend

Investor consensus

+0.84 %

+0.84 %

0.00 %

-0.83 %

-12.41 %

+3.45 %

-18.64 %

-

-49.99 %

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.

Market cap

35.89M EUR

Turnover

521.6 EUR

P/E (adj.) (26e)

EV/EBIT (adj.) (26e)

P/B (26e)

EV/S (26e)

Dividend yield-% (26e)

Coverage

Recommendation

Reduce

Target price

Updated

05.03.2026

Atte Riikola

Analyst

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar

22.4.

2026

General meeting '26

23.4.

2026

Annual dividend

13.5.

2026

Business review Q1'26

Risk

Business risk

Valuation risk

Low

High

All

Press releases

3rd party

ShowingAll content types

Third party research3/5/2026, 7:54 AM

Administer: Awaiting Sarastia clarity - Evli

Administer delivered a clear profitability beat in Q4 despite continued top-line headwinds. With no guidance provided pending the Sarastia acquisitions completion, aimed at April 1, we are waiting for clarity on the outlook of the acquired units.

Third party research3/4/2026, 7:53 AM

Administer: Clear profitability improvement - Evli

Administer's Q4 results were mixed, with net sales declining slightly more than we had estimated, while profitability improvement was stronger. The company will specify its outlook for 2026 once the business transfers from the Sarastia acquisitions are...

Regulatory press release3/4/2026, 6:30 AM

Administer Plc: Best EBITDA in history, net sales nearly at the previous year’s level

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Third party research3/2/2026, 8:42 AM

Administer: Growth on hold pending Sarastia - Evli

Administer reports Q4 figures on March 4. We expect net sales to have declined slightly in the challenging market, while EBITDA should improve supported by previously implemented cost-saving measures. For 2026, much will depend on Sarastia.

Press release1/30/2026, 2:30 PM

The competition authority has approved the deal of financial and payroll services business of Sarastia’s wellbeing services county customers

Regulatory press release1/15/2026, 7:30 PM

Administer Plc’s Shareholders’ Nomination Board’s proposals to the Annual General Meeting 2026

Press release12/19/2025, 9:45 AM

Administer and Numera Palvelut have signed the agreement on the acquisition of the financial and payroll services business of Sarastia’s wellbeing services county customers

Regulatory press release12/18/2025, 12:15 PM

Administer Plc’s board of directors has confirmed the target group, earning criteria and number of shares for the third earning period of the long-term incentive plan

Press release12/15/2025, 2:30 PM

The competition authority has approved the deal of Sarastia’s financial, payroll and software services business

Regulatory press release12/5/2025, 12:00 PM

Resolutions of Administer Plc’s Extraordinary General Meeting

Regulatory press release11/27/2025, 1:00 PM

Administer Oyj: Managers' Transactions, Aho

Regulatory press release11/14/2025, 1:30 PM

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

Regulatory press release11/13/2025, 6:30 AM

Notice to Extraordinary General Meeting of Administer Plc

Regulatory press release11/12/2025, 3:30 PM

Administer Plc: Managers' Transactions, Backlund

Third party research11/6/2025, 8:59 AM

Administer: Sarastia remains key to growth revival - Evli

Administer’s Q3 was soft, with lower net sales weighing on profitability. Cost-saving measures should support margins slightly in the short term, while the pending Sarastia acquisitions remain the key potential value driver.

Third party research11/5/2025, 9:14 AM

Administer: Weak market weighted on results - Evli

Administer's Q3 results fell short of expectations as net sales declined to EUR 17.0m and EBITDA weakened to EUR 0.7m, driven by challenging market conditions and lower volumes across all business areas.

Regulatory press release11/5/2025, 6:30 AM

Administer Plc: Profitability improvement continues

Regulatory press release11/4/2025, 4:30 PM

Administer Plc’s financial reporting and Annual General Meeting in 2026

Regulatory press release11/4/2025, 4:00 PM

Insider information: Administer evaluates that its current long-term financial targets are no longer relevant and cancels them

Third party research11/3/2025, 8:09 AM

Administer: Steady performance expected - Evli

Administer is set to report Q3 results on November 5. We expect stable performance in line with H1 trends, with limited organic growth. Looking ahead, the Sarastia acquisitions remain a key catalyst for growth and earnings expansion.

Forum discussions

Kyösti Kakkonen accuses Administer’s major owners of greed in Talouselämä: "Veteran investor Kyösti Kakkonen has a clear vision for the companies to be purged from his portfolio. Both construction consulting firm Solwers and financial and payroll management company Administer are...

12/27/2025, 8:03 AM

by Tikkaa heittävä Apina

3

Here are the first takes on Administer’s Q4. Profitability took a nice turn for the better again towards the end of the year, after a setback in Q2-Q3. Inderes Administer Q4'25 -pikakommentti: Tehostamistoimet purivat ja kannattavuus... Tehostamistoimet nostivat Q4:n EBITA-marginaalin...

3/4/2026, 7:22 AM

by Atte Riikola

2

Here’s a fresh analysis regarding the Q3 report: Inderes Administer Q3'25: Orgaaninen kasvu voi olla tiukassa myös ensi vuonna - Inderes Laskeneilla ennusteillamme osakkeen arvostus on ensi vuoteen katsottuna melko neutraali The decline in revenue seen in Q3 came as a surprise, and...

11/6/2025, 7:32 AM

by Atte Riikola

2

Atte interviewed Administer CEO Kimmo Herranen Inderes Administer Q4'25: Kustannussäästöt näkyivät parempana kannattavuutena - Inderes Aika: 04.03.2026 klo 15.08 Administerin kannattavuus parani kustannussäästöjen myötä loppuvuonna, mutta liikevaihto oli pienessä laskussa kaikissa...

3/4/2026, 4:17 PM

by Sijoittaja-alokas

1

Here are Atte’s comments on the signing of the purchase agreement for Sarastia’s welfare customer business. Previously, the competition authority already approved the acquisition of Sarastia’s municipal customer business. Inderes Administer: Sarastian hyvinvointiasiakkaita koskevan...

12/22/2025, 6:08 AM

by Sijoittaja-alokas

1

Atte interviewed Administer’s Kimmo Herranen Inderes Administer Q3'25: Liikevaihdon lasku tuli yllätyksenä - Inderes Aika: 05.11.2025 klo 12.35 Heikko taloustilanne painoi Administerin kehitystä kolmannella kvartaalilla kaikissa liiketoiminnoissa, eivätkä käynnistetyt kulusopeutukset...

11/5/2025, 2:23 PM

by Sijoittaja-alokas

1

Here is the company report on Administer from Atte regarding the Q4 results The company’s efficiency measures began to show well towards the end of the year, and the Q4 result improved more than we expected. This year, the company’s focus, in addition to the integration of the large...

3/5/2026, 5:53 AM

by Sijoittaja-alokas

0

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