ADMINNasdaq HelsinkiConsulting ServicesIFRS · EUR

Administer Oyj

Administer is a Finnish company specializing in payroll and financial administration services, software solutions, and consulting. It is the largest payroll outsourcing partner in Finland and a leading expert in combating the grey economy. The company serves over 5,000 clients, including SMEs, large corporations, municipalities, and other public sector entities. Administer is publicly listed on Nasdaq Helsinki's First North market.

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Revenue73.3m EUR
−1.9 %y/y
Operating profit (EBIT)-0.3m EUR
+79.4 %y/y
EBIT margin-0.4%
+1.4 ppy/y
Net income-1.6m EUR
+28.9 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-20020406080100m EUR2021: 42 m EUR2021: EBIT 0.05 m EUR20212022: 53 m EUR2022: EBIT 0.13 m EUR20222023: 53 m EUR2023: EBIT 0.13 m EUR20232024: 75 m EUR2024: EBIT -1.3 m EUR20242025: 73 m EUR2025: EBIT -0.27 m EUR2025TTM 2026: 84 m EURTTM84
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year
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Business

Share of revenue
Payroll Services35 %

Includes payroll outsourcing and related services.

Financial Administration24 %

Comprises accounting and financial management services.

Software Solutions10 %

Offers software platforms for financial management.

Consulting Services29 %

Provides consulting in financial and administrative processes.

Other Services2 %

Includes various administrative and support services.

Customers

Administer serves a diverse range of customers, including small and medium-sized enterprises, large corporations, and public sector entities such as municipalities. The company's services are tailored to meet the needs of businesses across different stages of their lifecycle, providing comprehensive support in payroll and financial management. Public sector clients benefit from Administer's expertise in compliance and anti-grey economy measures. The company's software solutions are designed to enhance efficiency and accuracy in financial processes, making them attractive to organizations seeking to streamline operations.

SMEs

Seek efficient payroll and financial management solutions.

Large Corporations

Require comprehensive financial administration services.

Public Sector

Need compliance and anti-grey economy expertise.

Software Users

Organizations looking for software solutions to streamline processes.

Strategy

Administer's strategic priorities include continuing growth through both organic and inorganic means, improving long-term profitability, and developing sustainable business practices. The company aims to enhance internal synergies and streamline processes to reduce environmental impact. Administer is focused on expanding its customer base in selected markets around the Baltic Sea and improving customer experience through service and technology enhancements. The company is also preparing to transition to IFRS accounting standards to align with international practices.

Growth through acquisitionsMedium term

To expand market presence and capabilities

Profitability improvementShort term

To ensure sustainable financial performance

Sustainability focusLong term

To align with environmental and social governance

Geography

Administer operates primarily in Finland, serving both domestic and international markets. The company has a strong presence in the Nordic region and is expanding its reach across the Baltic Sea area. Its headquarters and main operations are based in Finland, which provides a strategic advantage in serving the local market and leveraging regional expertise. The company's geographic focus allows it to cater to the specific needs of Finnish and Nordic clients, while also exploring growth opportunities in nearby markets.

Risks

Administer faces several risks, including disruptions in IT and communication systems, which could lead to unexpected costs and operational issues. The competitive and fragmented nature of the industry poses challenges in maintaining pricing and service quality. The company's growth strategy relies on successful acquisitions, which carry integration risks. Economic uncertainty in Finland, including inflation and slow growth, could impact revenue and profitability. Additionally, maintaining brand reputation is crucial, as any damage could affect market position.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →IT system disruptions1Competitive industry2Acquisition integration3Brand reputation4Economic uncertainty5Inflation6
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. IT system disruptionsImpact: CriticalLikelihood: Medium

    Could lead to unexpected costs and operational issues

  2. Competitive industryImpact: HighLikelihood: Medium

    May affect pricing and service quality

  3. Acquisition integrationImpact: HighLikelihood: Medium

    Carries risks of unsuccessful integration

  4. Brand reputationImpact: HighLikelihood: Medium

    Damage could affect market position

  5. Economic uncertaintyImpact: MediumLikelihood: High

    Could impact revenue and profitability

  6. InflationImpact: MediumLikelihood: High

    May increase costs and affect profitability

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Accounting

Judgemental items
Transition to IFRS

Aligns with international accounting practices

Impact: May affect revenue recognition

Goodwill impairment

Significantly impacts earnings

Impact: Affects reported profitability

Seasonal revenue fluctuations

Affects quarterly comparisons

Impact: Influences financial analysis

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Last updated: 24/09/2026