ADMCMNasdaq HelsinkiSoftware - ApplicationIFRS · EUR

Admicom Oyj

Admicom, founded in 2004, is a pioneer in the digitalization of the construction industry. The company provides comprehensive software solutions that cover the entire construction value chain, enhancing productivity and operational quality. Admicom's offerings include enterprise resource planning (ERP) systems and project management tools tailored for the construction sector. The company operates primarily in Finland and Estonia, with a focus on improving construction workflows through advanced technology, including AI-driven solutions.

Revenue37.7m EUR
+6.1 %y/y
Operating profit (EBIT)7.6m EUR
−8.0 %y/y
EBIT margin20.1%
−3.1 ppy/y
Net income5.3m EUR
−9.6 %y/y
Free cash flow7.9m EUR
−8.7 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

010203040m EUR20212022: 32 m EUR2022: EBIT 11 m EUR20222023: 34 m EUR2023: EBIT 8.8 m EUR20232024: 36 m EUR2024: EBIT 8.2 m EUR20242025: 38 m EUR2025: EBIT 7.6 m EUR2025TTM 2026: 38 m EURTTM 2026: EBIT 7.1 m EURTTM387.1
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
ERP Solutions40 %

Includes comprehensive ERP systems for construction management.

Project Management Tools30 %

Software for managing construction project lifecycles.

Financial Management Services20 %

Services including accounting and payroll for construction businesses.

AI Solutions10 %

AI-driven tools for enhancing construction site operations.

Customers

Admicom primarily serves small to medium-sized construction companies in Finland and Estonia. These customers seek integrated solutions to manage their operations, finances, and projects efficiently. The company's ERP and project management tools are particularly appealing to businesses looking to streamline their workflows and improve productivity. Admicom's financial management services attract clients who require comprehensive support in accounting and payroll, leveraging industry-specific expertise.

Construction SMEs

Buy ERP and project management tools to streamline operations.

Financial Management Clients

Use financial services for accounting and payroll needs.

AI Solution Adopters

Implement AI tools for advanced site management.

Strategy

Admicom's strategic priorities include enhancing customer experience by integrating subsidiary operations and focusing on a unified service model. The company aims to expand its financial management services into a comprehensive business partnership offering. Admicom is also investing in AI technologies to improve construction site management and operational efficiency. The company's long-term goal is to achieve significant growth by leveraging its expertise in construction digitalization and expanding its market presence.

Integration of SubsidiariesShort term

To provide a seamless customer experience.

AI Technology InvestmentMedium term

To enhance construction site management.

Market ExpansionLong term

To grow presence in the Baltic region.

Geography

Admicom operates mainly in Finland, with offices in Jyväskylä, Helsinki, Tampere, Oulu, Seinäjoki, and Turku, as well as in Tartu, Estonia. The company's geographic presence allows it to cater to the Nordic construction market effectively. Finland remains the primary market, where Admicom's solutions are tailored to meet local industry needs. The expansion into Estonia provides opportunities for growth in the Baltic region, leveraging similar market dynamics.

Risks

Admicom faces several risks, including changes in the competitive landscape that could impact its market position. The reliance on the construction industry exposes the company to cyclical economic fluctuations. Additionally, technological advancements by competitors could challenge Admicom's offerings. The company must also manage integration risks associated with subsidiary mergers and the implementation of new technologies like AI.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Technological Advancements1Economic Fluctuations3
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. Technological AdvancementsImpact: HighLikelihood: Low

    Competitors may offer superior solutions.

  2. Competitive Landscape ChangesImpact: High

    Could impact market position.

  3. Economic FluctuationsImpact: MediumLikelihood: High

    Affects construction industry demand.

Accounting

Judgemental items
Revenue Recognition

Impacts timing and amount of reported revenue.

Impact: high

Seasonality

Causes fluctuations in quarterly financials.

Impact: medium

Goodwill Accounting

Affects financial statements post-acquisition.

Impact: medium

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Admicom Oyj (ADMCM) Revenue, Earnings & Financials 2025 – Clarifo