contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


inside-information-admicom-oyj-starts-change-negotiations-to-renew-competencies-and-change-the-focus-areas-of-resource-allocation

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Admicom operates in the IT sector. The company develops cloud-based services that mainly concern administration, accounting, payroll and project management. In addition to its main business, it offers training and customer support. Its customers are small and medium-sized corporate customers, with the largest operations in construction and industry. The head office is located in Jyväskylä.

Tärkeimmät talousuutiset | Kauppalehti – 17 Apr 26              Admicomin osakkeella 1,1 miljoonan euron blokkikauppa    Yli 33 000 Admicomin osaketta vaihdettiinnn pörssin ulkopuolella.                             The transaction involves 33,413 shares, which corresponds to approximately 0.7% of the market value. Unit price €32.725

You are absolutely right. At Admicom, salaries weren’t the draw for experts, but rather the good stock incentives. As the IPO loomed, everything was squeezed out of the machine in the style of the gaming industry’s “crunch.” Absolutely everything. In that sense, Admicom lived on borrowed time, and you can’t fight the gravity of corporate life forever—this isn’t some sweatshop, after all. (Or should we say the Lapland tourism industry these days…) You can infer the rest from the tax statistics. Some left to become gentlemen of leisure or reduced their workload to sensible levels. There’s likely no longer the same incentive to push against the limiter, because they don’t have to.

The company hasn’t really been able to dodge the construction sector downturn as I would have hoped. In Finland, there is talk of new massive cuts again, which certainly won’t increase consumption. We’ve been waiting for a turnaround in construction for quite a while now, and it just doesn’t seem to be starting. For my taste, the company is a bit too “married” to the situation in Finland, and that’s why I removed it from my portfolio with a decent profit. Well, Aallon stayed there, which is even more stuck in the same situation  Overall, the company was much more cyclical than I thought, and I took a slightly more bearish stance. It’s also a bit difficult to perceive the competitive advantages. Hopefully, though, the situation turns around for both Finland and the company!

I’ve got the impression that Admicom’s cost discipline might not have been on a sustainable footing in the long run. Strong growth requires structures, support, experts, etc. By constantly squeezing the lemon, you end up with “organizational debt.” Quite a few small companies are very profitable when the CEO does everything from marketing to accounting, middle management isn’t needed, communication is easy because there are few people, etc. As the scale grows, phases often occur where profitability suffers at least for a while as the organization is “strengthened” so that personnel don’t burn out or performance doesn’t suffer. Then again, once a certain size is reached, it should show up nicely as a swelling bottom line (also known as economies of scale). Profitability in small firms is also often boosted by share ownership. For example, probably all of Admicom’s original employees, down to the cleaners, became multimillionaires. It’s easy to keep wages in check when the rising share price elevates all employees to the Jyväskylä nobility. In Admicom’s case, however, the growth investments have been reflected as some growth even in a very difficult market! So I might not criticize this company right away, although Häll, as the founder, certainly looks at the company more closely. On the other hand, I sympathize with Häll’s view in the context of the small-cap scene in recent years generally. Everywhere they only talk about growth, growth… and a bit more growth. In practice, the last few years have been catastrophic for almost all small companies (except for someone like Viafin), because they’ve stepped on the gas in a market that isn’t growing. Costs and investments swell, but because the top line doesn’t grow or grows very slowly, profitabilities have collapsed. If you look at the direction of communication and NUMBERS of large companies on the Helsinki Stock Exchange, I think profitability has become much more prominent in recent years. Clearly, they have started following the Swedish model, where companies don’t move a muscle unless they get a certain return on capital for the investment. An entrepreneur once told me that the Swedes have a “kusiraja” (piss limit/hurdle rate) (is that an official term in Stockholm meetings of the Wallenbergs and other moneyed families?) below which they don’t make investments. Capital has a cost: it shouldn’t be splashed around on just any project. In Finnish small-caps, there is still a strong cult of revenue and EBITDA growth, even though looking more closely at the investments, they make no economic sense. Growth for the sake of growth can be fun empire building, but it is devastating for shareholder value. I understand that from a management perspective, it can be sweet when you can post strong revenue growth figures on LinkedIn (for which you get huge pats on the back) and demand more pay as the organization grows. But once again, Finland’s already scarce capital is funneled like fuel into a bonfire and goes up in smoke.

Netvisor is nowhere near the same level as Admicom, unless some other construction software has been brought in alongside it. With Netvisor, you can only handle financial management; it doesn’t have proper project management. If your acquaintance’s construction firm is the “man and a van” type, then it probably works, but it’s certainly not enough on its own for even a slightly larger construction firm.

YLE’s story, so the new management has something to prove… In the autumn of 2024, veteran entrepreneur Matti Häll made a deal worth over 50 million euros. 21 percent of the software company Admicom’s shares changed hands; Häll was the seller. The deal was reported by Keskisuomalainen. As a result of the massive deal, Häll paid the most taxes in Central Finland last year, totaling over 10 million euros. Häll’s earnings of nearly 31 million euros were the third highest in the entire country. On tax day, Häll answers the phone from Spain. – I’ve been going on eight-kilometer runs in the mornings, reading the newspapers, and receiving calls regarding business. My fitness improves here because it doesn’t rain and it isn’t cold, he notes. Häll gave up the rest of his Admicom shares because the company was being taken in a direction that did not please him. Häll states that the company he founded was once made extremely profitable. Since then, those running it began increasing expenses and eating away at profitability. – The Swedes took it over, and you couldn’t influence anything there. I hadn’t been on the board for years. Expenses were increased year after year. There was no point in owning it; it didn’t look like a business anymore, Häll reflects.

The company still hasn’t seemed to admit the real customer churn; instead, the only reasons given have been bankruptcies/payment difficulties. If even in my own immediate circle there is a construction entrepreneur who switched from Admicom to Netvisor, I find it hard to believe this is an isolated case. He described Admicom as complex and damn expensive.

Admicom

Inside information: Admicom Oyj starts change negotiations to renew competencies and change the focus areas of resource allocation Admicom Oyj | Inside Information | April 14, 2026 at 07:55 ...

Inside information: Admicom Oyj starts change negotiations to renew competencies and change the focus areas of resource allocation&nbsp;Admicom Oyj | Inside Information | April 14, 2026 at 07:55 AM EETAdmicom Oyj ("Admicom" or the "company") is initiating change negotiations to accelerate the implementation of its strategy. The construction industry's economic cycle, rapid advancements in artificial intelligence, changes in the competitive landscape, and growing customer expectations are guiding the company to strengthen its capabilities, particularly in platform-based product development, data and AI expertise, and skills to generate customer value. At the same time, strategic focus on selected customer segments, international growth, and multi-channel sales require changes in the priorities of operations and expertise.The change negotiations concern the Finnish personnel of Admicom Oyj and its subsidiary Admicom Finland Oy, and they cover approximately 290 employees. Admicom Group currently employs a total of 313 people in Finland and Estonia.According to a preliminary estimate, the planned measures could lead to changes in up to 65 current roles, of which maximum 45 will be redundancies. In addition to internal transfers, the company intends to increase expertise in critical areas through new recruitments.The change is expected to support achieving the mid-term profitability target. The change is estimated to have a positive impact of EUR 0.5 million on adjusted costs in 2026. One-off costs related to the negotiations are expected to be recognized in the second and third quarters of this year, and their amount will be determined once the negotiations conclude.Negotiations will begin on April 21, 2026, and are expected to last three weeks.<div>Admicom Oyj&nbsp;Additional information:<div>Simo Leisti CEO <a href="mailto:simo.leisti@admicom.com">simo.leisti@admicom.com</a> +358 40 059 0511</div>Approved advisor:Oaklins Finland Ltd +358 9 612 9670Admicom OyjFounded in 2004, Admicom is a pioneer in digitalisation of the construction industry. We utilise our expertise by developing software solutions covering the entire construction value chain as well as services supporting our customers' operations. Our understanding of the operating methods and digitalisation needs of the construction industry is strong, and our goal is to significantly enhance the productivity and quality of operations in the construction industry through our software.Our ERP solution offers the construction industry the only comprehensive solution in Finland that serves the management of companies' operations, finances and projects through one seamless solution. Our project management product suite provides industry-leading solutions for managing the entire lifecycle of a building.Our company has around 300 employees in Finland, in Jyväskylä, Helsinki, Tampere, Oulu, Seinäjoki and Turku, as well as in our office in Tartu, Estonia. More information:&nbsp;<a href="http://www.admicom.com/">www.admicom.com</a>.Admicom's press releases and financial reports:&nbsp;<a href="https://investors.admicom.fi/releases-and-reports/">https://investors.admicom.fi/releases-and-reports/</a>Images and logos for publications are available in&nbsp;<a href="https://www.admicom.com/media-bank">Admicom’s media bank</a>.</div><div>&nbsp;</div>