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
  createdAt
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
    forum {
      threadUrl
    }
    defaultInstrument {
      symbol
      id
    }
  }
  ...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
    pageUrl
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
  ... on Webcast {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        threadUrl
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        symbol
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
      researchContent {
        title
        lang
        pdfUrl
        relatedContent {
          __typename
          ...PublishingDetails
          ...Reactions
          id
        }
        content {
          title
          lang
          htmlBody
          publishedAt
          createdAt
          changedAt
          isOutdated
          isPremium
        }
      }
    }
    ... 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
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
}

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
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

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.

Atte has published a new company report on Administer following their Q2 results   We reiterate our “reduce” recommendation for Administer and adjust our target price to 2.3 euros (previously 2.4 EUR). The company’s Q2 result fell short of our expectations, although this was largely due to non-recurring items related to the Sarastia arrangement. The company’s outlook for the remainder of the year anticipates a strong improvement in earnings, for which the efficiency measures already taken provide a good foundation. Should this earnings improvement continue next year, the stock’s valuation will also fall to a moderate level. After a soft start to the year, the company still has much to prove in this regard, and we remain in a wait-and-see position regarding the stock.                    Inderes              Administer Q2'26: Loppuvuodelle jää tuloksen osalta kirittävää - Inderes    Loppuvuodelle yhtiön näkymät ennakoivat voimakasta tulosparannusta, mihin jo tehdyt tehostamistoimet luovat hyvän pohjan.

Atte interviewed Administer’s CEO Kimmo Herranen about their fast-paced Q2    Topics: (00:19) A fast-paced second quarter  (01:10) Revenue development in different segments  (02:32) Staff leasing  (03:07) Profitability  (04:22) Sarastia acquisition finalized in April  (05:31) Sarastia’s efficiency measures  (06:06) Impact of the new Public Procurement Act on Sarastia  (06:58) Will acquisitions continue?  (07:41) Guidance  (08:17) Impact of Finnish economic growth on business  (09:14) Focus areas for the rest of the year

Here are Atte’s quick comments on Administer’s morning earnings release  This morning, Administer published its first earnings report in accordance with IFRS reporting and its new segment structure. The group’s net sales grew almost in line with our expectations, driven by the acquisition of Sarastia, but the quarter’s profitability remained weak. This is partly due to non-recurring items from the Sarastia arrangement, but in our assessment, weak organic development in other business areas also weighed on profitability. Thanks to the efficiency measures implemented, the profitability of Sarastia and other business areas should start to improve clearly in H2, which the improving outlook for the Finnish economy may also provide some slight tailwind. However, after a soft start to the year, achieving the earnings guidance will require strong performance in the second half of the year.                   Inderes – 13 Aug 26              Administer Q2’26 -pikakommentti: Odotettua kasvua, mutta kannattavuus jäi...    Likevaihto kasvoi lähes linjassa odotuksiimme Sarastia-yritysoston siivittämänä, mutta neljänneksen kannattavuus jäi heikoksi.

Here are Ate’s pre-earnings comments ahead of Administer’s Q2 results next Thursday   We expect the company’s revenue to have grown significantly following the Sarastia acquisition completed in April. We forecast that Sarastia’s earnings impact was still very marginal, and as such, the acquisition has diluted Administer’s relative profitability at this stage. We will be closely monitoring the company’s comments regarding the progress of Sarastia’s takeover and integration. The company has also just transitioned to IFRS reporting and will report its figures in the future through new segments (Private Sector, Public Sector, and Staffing Services).                    Inderes – 6 Aug 26              Administer Q2'26 -ennakko: Sarastia mukana luvuissa ensimmäistä kertaa - Inderes    Seuraamme tarkasti yhtiön kommentteja Sarastian haltuunoton ja integraation edistymisen osalta.

Atte has published a new equity research report on Administer.   We reiterate our Reduce recommendation for Administer and a target price of EUR 2.4. We have updated our forecast model to preliminary account for the company’s transition to IFRS reporting. At the same time, we have factored in the relatively small acquisition in Sweden made by Silta in May. Although the transition caused changes to earnings forecasts at the EBITDA and EBIT levels, the forecasts remain largely unchanged in the big picture in terms of cash flow. We will refine the forecast model in connection with Administer’s Q2 report, when figures according to the new reporting method will also be available for H1 of this year.                    Inderes              Administer: IFRS-siirtymä ennustemalliin - Inderes    Olemme päivittäneet ennustemallimme alustavasti huomioimaan yhtiön siirtymän IFRS-raportointiin.

Here are Atte’s comments regarding Administer’s recent acquisition in Sweden  Administer announced on Monday that its subsidiary Silta is acquiring an 80% majority stake in the Swedish payroll company Passion for Payroll Stockholm AB. With this transaction, Silta takes a strategic step into the Swedish market, supporting the group’s ability to serve international clients across borders. The acquired company’s revenue of approximately EUR 2 million is quite small on Administer’s scale, but it strengthens the company’s Nordic footprint. The purchase price of the arrangement was not disclosed in the release, but our understanding is that Administer paid a fair price for a very profitable business. We will include the acquisition in our forecasts in connection with our next update. Our recent update following the Q1 report can be read here.                   Inderes – 19 May 26              Administer laajentaa Sillan palkanlaskentaa Ruotsiin yritysostolla - Inderes    Strateginen yritysosto Ruotsista avaa Sillalle pään uudelle markkinalle ja tuo konserniin 2 MEUR liikevaihtoa.

Atte has published a company report on Administer following the Q1 results  Administer’s Q1 results fell clearly short of our expectations, but the full-year outlook remained broadly in line with our estimates. However, we have revised our forecasts to be slightly more cautious, and our earnings forecast for the current year is closer to the lower end of the company’s guidance range. There is clear potential in Administer’s share for the coming years, provided the company succeeds in the Sarastia integration and in improving the profitability of its other businesses. After a soft Q1, the company still has plenty to prove regarding these matters, and we remain in a wait-and-see position regarding the stock. Quote from the report: Our forecasts expect a clearly more moderate improvement in Sarastia’s profitability compared to Administer’s own targets. If Sarastia’s profitability improves better than our expectations in the coming years, the earnings leverage at the EPS level would also be very strong. Large M&A transactions always involve risks, and the upcoming amendment to the Public Procurement Act could also mean larger-than-expected customer losses for Sarastia as the market opens up to competition. Naturally, the change also offers new opportunities.                   Inderes              Administer Q1'26: Potentiaalia riittää kannattavuustalkoiden onnistuessa -...    Osakkeessa on selvää potentiaalia, mikäli yhtiö onnistuu Sarastian integraatiossa ja muiden toimintojen kannattavuusparannuksessa.

Administer

Administer reports Q1 figures on May 13. We expect a slight topline decline alongside improved profitability on efficiency measures. The focus, however, is on FY26 guidance, progress on the ...

Administer reports Q1 figures on May 13. We expect a slight topline decline alongside improved profitability on efficiency measures. The focus, however, is on FY26 guidance, progress on the Sarastia integration and market commentary.

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Administer: Outlook in focus - Evli

Administer: Outlook in focus - Evli