Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Transcripts
    • AGM Invitations
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team

Mandatum

6.79 EUR

+2.69 %

7,483 following
Corporate customer

MANTA

NASDAQ Helsinki

Financial Services

Financials

Overview
Financials & Estimates
Dividend
Compare
+2.69 %
-2.61 %
-1.34 %
+3.07 %
+13.69 %
+23.90 %
-
-
+85.14 %

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.

Read more
Market cap
3.41B EUR
Turnover
10.99M EUR
P/E (adj.) (26e)
24
EV/EBIT (adj.) (26e)
18.44
P/B (26e)
3
EV/S (26e)
18.06
Dividend yield-% (26e)
12.51 %
Coverage
Recommendation
Reduce
Target price
6.30 EUR
Updated
13.02.2026
Disclaimer
Sauli Vilén
Kasper Mellas
Kasper Mellas, Sauli Vilén
Show more
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
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

Join Inderes community

Don't miss out - create an account and get all the possible benefits

Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools
Create account
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
Article1/31/2026, 8:00 AM by
Daniel Vähä-Antila

Udbytteudsigter 2026: Børsens udbytteafkast falder

Udbytteafkastet på Helsinki Børsen er faldende år-til-år. Der er udsigt til udbyttenedskæringer, men der er også højt udbytteafkast at finde hos udvalgte selskaber.

MandatumFortumNordea BankVerkkokauppa.comArvo SijoitusosuuskuntaTerveystaloPihlajalinnaMetsä BoardOriolaFiskarsTitaniumStora EnsoUPM-Kymmene
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
Regulatory press release12/11/2025, 12:30 PM

Mandatum Oyj: Mandatum plc: Proposals of the Board of Directors to the Annual General Meeting 2026 concerning the appointment of auditor and sustainability reporting assurer

Mandatum
Analyst Comment12/10/2025, 8:29 AM by
Sauli Vilén, Kasper Mellas

The financial sector will rank top positions on dividend lists also next spring

For financial companies, 2025 has been very positive in terms of the operating environment, with strong capital market development and stabilized interest rates. However, the performance of the companies has been varying, and many companies we follow have suffered particularly from the subdued development of alternative investment returns (new sales and performance fees).

Aktia PankkiOma SäästöpankkiAlisa PankkiNordea BankSampoMandatumAlexandria GroupTaaleriEvlieQUnited BankersCapManTitanium
Press release12/10/2025, 8:00 AM

Mandatum Oyj: Mandatum and WWF Finland's new guide promotes responsible investing

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
Read more on our forum
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.