Enento found a new CEO after a long search process
Summary
- Enento has appointed Teppo Paavola as the new CEO, effective January 7, 2026, following a long search process after the previous CEO's departure in April.
- Paavola brings extensive experience in financial technology and international business, having held senior roles at Adecco Group, BBVA, PayPal, and Nokia.
- The appointment is seen as a positive step for Enento, providing stability and enabling a focus on strategy execution amid challenging market conditions in Finland and Sweden.
- While the new CEO's impact on the company's strategy remains to be seen, no major strategic shifts are currently anticipated.
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Translation: Original published in Finnish on 11/27/2025 at 07:45 am EET
Enento announced on Wednesday that it had appointed Teppo Paavola as the company’s new CEO. He will assume his new position on January 7, 2026. Paavola has a strong background in financial technology and international business from his previous career. The appointment of a new CEO was long-awaited, as the departure of the previous CEO was announced in April. We consider the appointment of a permanent CEO to be a positive development for the implementation of the company's strategy.
An experienced leader in financial technology
Based on his work history, Paavola has strong experience in financial technology, digital business development, and international growth. Most recently, Paavola served as Chief Digital Officer at the Adecco Group from 2019 to 2024. Prior to that, he was Chief Development Officer and General Manager for New Digital Businesses at BBVA, where he led global innovation and digital business. Earlier in his career, he held senior positions at, e.g., PayPal and Nokia. Paavola holds a master’s degree in economics. Overall, we consider Paavola’s profile to be good for Enento. Paavola will succeed interim CEO Elina Stråhlman, who will continue in her role as the company’s CFO.
The selection of a new CEO has been expected for some time
Enento's operating environment has recently been challenging, particularly due to changes in the Swedish market and the subdued economic environment in Finland and Sweden. The appointment of a new CEO now brings much-needed stability to the company's leadership and enables full concentration on strategy execution and accelerating growth after challenging years It remains to be seen whether the selection of a new CEO will eventually bring any updates to the company's strategy. We do not expect any major strategic shifts.
Enento Group operates in the IT sector. The group is dedicated to developing digital information services that affect risk management, decision-making, sales and marketing. The vision is to offer programs and digital platforms that can be further used for analysis of company data, routines and decision-making processes. The company was previously known as Asiakastieto and is headquartered in Helsinki.
Read more on company pageKey Estimate Figures29.10
| 2024 | 25e | 26e | |
|---|---|---|---|
| Revenue | 150.4 | 152.6 | 157.4 |
| growth-% | -3.5 % | 1.5 % | 3.1 % |
| EBIT (adj.) | 39.6 | 39.6 | 41.5 |
| EBIT-% (adj.) | 26.4 % | 26.0 % | 26.4 % |
| EPS (adj.) | 0.78 | 0.87 | 1.11 |
| Dividend | 1.00 | 1.00 | 1.00 |
| Dividend % | 5.7 % | 6.8 % | 6.8 % |
| P/E (adj.) | 22.3 | 16.9 | 13.3 |
| EV/EBITDA | 12.6 | 11.0 | 9.8 |
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