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Administer

2.24 EUR+0.90 %13.11, 14.00
1,072 following

ADMIN

First North Finland

IT Services

Technology

Overview
Financials & Estimates
Dividend
Short Selling
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+0.90 %
+9.80 %
+0.90 %
-2.61 %
-6.67 %
-10.40 %
-17.95 %
-
-53.32 %

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.

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Market cap
38.43M EUR
Turnover
6.87K EUR
P/E (adj.) (26e)
14.62
EV/EBIT (adj.) (26e)
11.98
P/B (26e)
1.23
EV/S (26e)
0.5
Dividend yield-% (26e)
2.23 %
Coverage
Recommendation
Accumulate
Target price
2.60 EUR
Updated
04.11.2026
Disclaimer
Atte Riikola
Atte Riikola

Analyst

Latest research

Latest analysis report

Released: 05.11.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
Sarastia has recently announced two competitive bidding processes in which the company’s former municipal clients will continue as its customers. Following the amendment to the Public Procurement Act, more of these tenders can be expected in the near future, and it will be interesting...
9/2/2026, 9:24 AM
by Atte Riikola
3
Good news, but there probably isn’t any information on the price level of the won competitive bidding compared to the previous contract. At least for a few years, the contracts apparently had almost zero margins when Sarastian profitability was hovering around zero (which makes sense...
9/3/2026, 8:17 AM
by Nordman09
2
Here is a company report on Administer from Atte regarding Q3 We are upgrading our recommendation for Administer to Accumulate (previously Reduce) and raising our target price to EUR 2.6 (previously EUR 2.3). The Q3 result clearly exceeded our expectations, as the turnaround in Sarastia...
11/5/2026, 5:43 AM
by Sijoittaja-alokas
1
Administer’s CEO Kimmo Herranen was interviewed by Atte regarding Q3 Topics: (00:00) Administer’s Q3 performance (01:17) Sarastia’s profitability improved (02:52) Reform of the Public Procurement Act (04:00) Tilikunta (05:07) Private sector demand (06:27) Staff leasing (07:16) Group...
11/4/2026, 4:06 PM
by Sijoittaja-alokas
1
A more positive Q3 for a change, which is good. On the other hand, many of the items mentioned in the earnings release that boosted revenue might be the kind that, in upcoming quarters, will drop back down to lower levels, at least occasionally (software project sales, etc.). In ...
11/4/2026, 10:47 AM
by Nordman09
1
Looks like you already managed to find the answer yourself. Most likely just as you said, that figure has now risen somewhat on an annualized basis due to acquisitions. ps. Administer delivered a stronger Q3 result than I expected. Sarastia’s profitability turnaround has progressed...
11/4/2026, 7:24 AM
by Atte Riikola
1
Can one see anywhere how much Administer’s lease/rental expenses eat into cash flow? There was a cash flow statement in the half-year report, but these expenses weren’t broken down there. Does @Atte_Riikola happen to know? EDIT. From the IFRS transition report, I found that last ...
11/4/2026, 6:56 AM
by Karhu Hylje
1
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
3.3
2027

Annual report '26

21.4
2027

General meeting '27

12.5
2027

Business review Q1'27

Administer Q3'26: Sarastias resultatturnaround er skudt hurtigt i gang
Research05.11.2026, 06.00
by Atte Riikola

Administer Q3'26: Sarastias resultatturnaround er skudt hurtigt i gang

Vores tillid til resultatudviklingen blev styrket med Q3-regnskabet.

Administer
Administer Q3'26 kort kommentar: Sarastias resultatvendepunkt skred bedre frem end vores forventninger
Analyst Comment04.11.2026, 08.20
by Atte Riikola

Administer Q3'26 kort kommentar: Sarastias resultatvendepunkt skred bedre frem end vores forventninger

Indtjeningsoverraskelsen kom særligt fra Den Offentlige Sektor, hvor Sarastias resultatforbedring skred frem hurtigere end vores forventninger.

Administer
Regulatory press release04.11.2026, 07.30

Administer Plc: Clear improvement in profitability

Administer

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Regulatory press release20.10.2026, 15.00

Administer Plc’s financial reporting and Annual General Meeting in 2027

Administer
Regulatory press release29.09.2026, 07.30

Administer Plc: The Board of Directors has decided to establish an HR Committee

Administer
Regulatory press release24.09.2026, 07.30

The members of the Administer Shareholders' Nomination Committee have been appointed

Administer
Administer styrker sin position i den offentlige sektor med opkøbet af Tilikunta
Analyst Comment07.09.2026, 06.50
by Atte Riikola

Administer styrker sin position i den offentlige sektor med opkøbet af Tilikunta

Købet af Tilikunta øger efter vores vurdering offentlige sektor-segmentets omsætning næste år med cirka 6 %.

Administer
Administer Q2'26: Resultatet for resten af året skal indhentes
Research14.08.2026, 06.00
by Atte Riikola

Administer Q2'26: Resultatet for resten af året skal indhentes

Selskabets udsigter for resten af året indikerer en stærk resultatforbedring, hvilket de allerede implementerede effektiviseringer danner et godt grundlag for.

Administer
Administer Q2'26 - kort kommentar: Forventet vækst, men rentabiliteten var svag
Analyst Comment13.08.2026, 08.20
by Atte Riikola

Administer Q2'26 - kort kommentar: Forventet vækst, men rentabiliteten var svag

Omsætningen voksede næsten på linje med vores forventninger drevet af Sarastia-opkøbet, men kvartalets rentabilitet forblev svag.

Administer
Regulatory press release13.08.2026, 07.30

Administer Plc: Significant growth in net sales

Administer
Regulatory press release11.08.2026, 10.30

Change in Administer Group’s Management Team: Markus Backlund to leave his position

Administer
Administer Q2'26 preview: Sarastia inkluderet i tallene for første gang
Analyst Comment06.08.2026, 08.13
by Atte Riikola

Administer Q2'26 preview: Sarastia inkluderet i tallene for første gang

Vi følger nøje selskabets kommentarer vedrørende fremskridt i overtagelsen og integrationen af Sarastia.

Administer
Regulatory press release03.08.2026, 17.00

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

Administer
Regulatory press release24.07.2026, 07.30

Administer Plc: The purchase price of business acquisitions have been paid in shares, change in company´s own shares

Administer
Administer: IFRS-overgang i estimatmodellen
Research03.07.2026, 06.00
by Atte Riikola

Administer: IFRS-overgang i estimatmodellen

Vi har foreløbigt opdateret vores estimatmodel for at tage højde for selskabets overgang til IFRS-rapportering.

Administer
Regulatory press release29.06.2026, 10.30

Administer Plc: Transition to IFRS reporting and unaudited comparative IFRS information

Administer
Regulatory press release22.06.2026, 09.15

Administer Plc: Payment of Board of Directors’ remuneration in shares; change in the number of treasury shares

Administer
Regulatory press release04.06.2026, 20.15

Administer Plc: Flagging notification in accordance with Chapter 9, Section 10 of the Finnish Securities Markets Act (Antti Rantalainen)

Administer
Analyst Comment28.05.2026, 07.36
by Roni Peuranheimo, Frans-Mikael Rostedt

Case: Ekspertvirksomhedernes personalemargener er fortsat med at falde

Dækningsbidraget pr. medarbejder i konsulentvirksomheder er faldet støt i løbet af de seneste fem år.

Aallon GroupAdministerDigiaDigital WorkforceEtteplanFondiaGoforeLoihdeNetum GroupSiili SolutionsSitowise GroupSolteqSolwersTalenomVincitWitted Megacorp
Regulatory press release27.05.2026, 11.30

CORRECTION: Administer Plc’s directed share issue without payment to the company itself

Administer