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Mandatum

6.66 EUR

-0.06 %

7,504 following
Corporate customer

MANTA

NASDAQ Helsinki

Financial Services

Financials

Overview
Financials & Estimates
Ownership
Dividend
Compare
-0.06 %
-2.35 %
-3.28 %
+2.18 %
+11.90 %
+21.10 %
-
-
+81.49 %

Mandatum operates in the financial sector. The company offers various financial services to both private savers and corporate customers. The range is broad and mainly includes capital and wealth management, savings and investments, compensation, pension plans and personal risk insurance. The largest operations are in Finland.

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Market cap
3.35B EUR
Turnover
7M EUR
P/E (adj.) (26e)
EV/EBIT (adj.) (26e)
P/B (26e)
EV/S (26e)
Dividend yield-% (26e)
Coverage
Recommendation
Reduce
Target price
Updated
13.02.2026
Disclaimer
Sauli Vilén
Kasper Mellas
Kasper Mellas, Sauli Vilén
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Latest research

Latest analysis report

Released: 13.02.2026

Latest extensive report

Released: 14.04.2025

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
8.5.
2026

Interim report Q1'26

12.5.
2026

General meeting '26

13.5.
2026

Annual dividend

Risk
Business risk
Valuation risk
Low
High
All
Research
Webcasts
Press releases
ShowingAll content types
Analyst Comment3/13/2026, 7:42 AM by
Sauli Vilén, Kasper Mellas

The earnings growth outlook for asset managers in the coming years is strong

We estimate an average earnings growth of almost 20% for asset managers in 2026, driven by record-high AUM levels.

Aktia PankkiTitaniumMandatumeQAlexandria GroupEvliCapManUnited BankersTaaleri
Regulatory press release3/11/2026, 3:45 PM

Mandatum Oyj: Change in Mandatum's Group Management Team

Mandatum
Regulatory press release3/11/2026, 2:45 PM

Mandatum Oyj: Mandatum plc: Directed free share issue to implement reward payments under share-based incentive plan

Mandatum

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Regulatory press release3/11/2026, 1:00 PM

Mandatum Oyj: Notice to the Annual General Meeting of Mandatum plc

Mandatum
Mandatum completes sale of Saxo Bank shares
Analyst Comment3/3/2026, 6:46 AM by
Kasper Mellas, Sauli Vilén

Mandatum completes sale of Saxo Bank shares

The completion of the transaction will improve solvency and supports our view of strong dividend distribution.

Mandatum
Press release3/2/2026, 7:15 AM

Mandatum Oyj: Mandatum plc: Sale of Saxo Bank shares held by Mandatum has been completed

Mandatum
Regulatory press release2/24/2026, 9:30 AM

Mandatum Oyj: Mandatum plc: Managers' Transactions - Altor Invest 8 AS

Mandatum
Regulatory press release2/24/2026, 8:30 AM

Mandatum Oyj: Mandatum plc: Disclosure Under Chapter 9 Section 5 of the Securities Market Act (Altor Fund Manager AB)

Mandatum
Regulatory press release2/17/2026, 9:00 AM

Mandatum Oyj: Mandatum plc: Proposals by Mandatum's Shareholders' Nomination Board to the Annual General Meeting 2026

Mandatum
Mandatum Q4'25: Earnings development progressed as anticipated
Research2/13/2026, 12:02 PM by
Kasper Mellas, Sauli Vilén

Mandatum Q4'25: Earnings development progressed as anticipated

Mandatum's Q4 earnings fell short of our expectations, which was, however, explained by volatile net finance result.

Mandatum
Mandatum Oyj, Audiocast, Q4'25
Webcast2/12/2026, 9:00 AM

Mandatum Oyj, Audiocast, Q4'25

Mandatum
Mandatum Q4'25 flash comment: Profit distribution below expectations, wealth management earnings growth remained strong
Analyst Comment2/12/2026, 10:13 AM by
Kasper Mellas, Sauli Vilén

Mandatum Q4'25 flash comment: Profit distribution below expectations, wealth management earnings growth remained strong

Although earnings fell short of our estimate, the wealth management result developed as anticipated.

Mandatum
Regulatory press release2/12/2026, 6:30 AM

Mandatum Oyj: Mandatum plc's Financial Statements Release 1 January-31 December 2025: Strong growth in capital-light business

Mandatum
Mandatum Q4'25 preview: We expect sales to continue at a good momentum
Analyst Comment2/6/2026, 7:33 AM by
Kasper Mellas, Sauli Vilén

Mandatum Q4'25 preview: We expect sales to continue at a good momentum

We expect Mandatum's Q4 earnings to be higher than in the comparison period.

Mandatum
Press release1/29/2026, 8:00 AM

Mandatum Oyj: Mandatum plc's Financial Statements Release for 2025 to be published on 12 February 2026

Mandatum
Press release1/28/2026, 8:30 AM

Mandatum Oyj: Mandatum launches a new opportunistic credit fund, MAMCO II

Mandatum
Due to Saxo Bank's administrative fine, purchase price received by Mandatum adjusted downward
Analyst Comment1/26/2026, 7:55 AM by
Kasper Mellas, Sauli Vilén

Due to Saxo Bank's administrative fine, purchase price received by Mandatum adjusted downward

Due to an administrative fine imposed on Saxo Bank, the purchase price of the ownership will be approximately 8 MEUR lower than previously estimated.

Mandatum
Press release1/23/2026, 9:15 AM

Mandatum Oyj: Mandatum plc: Adjustment to the original purchase price of Saxo Bank shares

Mandatum
Analyst Comment12/29/2025, 11:40 AM by
Sauli Vilén, Kasper Mellas

2025 has been a year of ups and downs for asset managers

For asset managers on Nasdaq Helsinki, the trend has been mixed. The market situation has been very challenging for operators focusing on alternative investments, particularly real estate, while traditional asset management has continued to grow strongly.

Alexandria GroupeQAktia PankkiEvliTitaniumUnited BankersTaaleriCapManMandatum
Press release12/18/2025, 10:00 AM

Mandatum Oyj: Mandatum and Morgan Stanley Real Estate Investing launch joint venture to invest in residential real estate in Finland; Mandatum sells four properties to seed portfolio

Mandatum
Forum discussions
News Powered by Cision Mandatum Oyj: Mandatumin omistamien Saxo Bank -osakkeiden myynti on toteutunut Mandatum Oyj, Lehdistötiedote, 2.3.2026 klo 9.15 Mandatum Oyj tiedotti 10.3.2025 myyvänsä Mandatum plc announced on 10 March 2025 that it would sell all its shares in Saxo Bank A...
3/2/2026, 7:21 AM
by Cadel
32
The decline in the share value should be taken into account here.
2/24/2026, 12:31 PM
by Kirjain
28
As long as money keeps flowing in at the previous and/or an accelerating rate, there will still be funds to distribute. They decided, moderately and wisely, that there’s no need to stress about distributing the Saxo assets in advance, as there’s plenty of time to return them later...
2/25/2026, 2:03 PM
by Ari
25
This same party sold previously. At least then, it was worth buying. There was also a view on the KL discussion forum that Altor was in a bit of a bind since their real estate investments have performed poorly. Who knows, though.
2/24/2026, 9:00 AM
by Raharambo
25
“Go ahead and call, you won’t get any money from there” – This sentence launched Mandatum’s international expansion Tärkeimmät talousuutiset | Kauppalehti – 25 Feb 26 ”Soita vaan, et sä sieltä mitään rahaa saa” – Tällä lauseella käynnistyi... Kun tuntemattoman suomalaisen varainhoitoyhti...
2/25/2026, 5:12 AM
by Bösaboi
22
Good point, but I think the technical interest rate provision will be enough to be distributed even after 2035. In other words, excess capital will continue to be released even after the €2 extra pot in 2025–2028, so it’s hard to state an absolute right price. Personally, I wouldn...
2/24/2026, 1:09 PM
by Ari
12
Solidium sold as a major shareholder, I don’t know if it was worth it? Everyone just wants a big payday in between. As a retail investor, you have to settle for profits under millions Sell when others buy, buy when others sell. It’s worked pretty well.
2/24/2026, 8:48 AM
by Ari
11
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