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Administer (ADMIN) investor relations material
Administer Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue/net sales for Q1 2026 were €17.8 million, down 6.3% year-over-year due to a challenging market environment.
EBITDA declined to €1.2 million from €2.0 million, with profitability impacted by market conditions and goodwill amortization.
The Sarastia acquisition was completed, making the group the largest payroll and financial administration services provider for the public sector in Finland.
Efficiency and profitability improvement measures, including workforce adjustments and cost optimization, are underway, with full effects expected in the second half of 2026.
Management expects a record year in revenue/net sales and EBITDA despite a challenging start.
Financial highlights
Q1 2026 revenue/net sales was €17.8 million, down from €19.0 million year-over-year.
EBITDA was €1.2 million (6.8% of revenue), compared to €2.0 million (10.7%) in Q1 2025.
Operating profit was -€0.4 million, impacted by €1.0 million in acquisition-related goodwill amortization.
EPS was -€0.06, compared to €0.02 in the prior year.
Average personnel decreased by 9.8% to 940.
Outlook and guidance
Full-year 2026 revenue/net sales is projected at €105–115 million, with EBITDA expected between €6.5–9.0 million.
Management expects the impact of efficiency measures to be fully realized in the second half of the year.
Despite a slow start, a record-breaking year in both net sales and EBITDA in euros is anticipated.
- Record EBITDA and major acquisitions set the stage for public sector growth in 2026.ADMIN
Q4 20254 Mar 2026 - EBITDA jumped 131% as profitability improved despite a 2.2% revenue decline.ADMIN
Q2 20243 Mar 2026 - EBITDA up 129% year-over-year; 2024 net sales guidance lowered, margin raised.ADMIN
Q3 20243 Mar 2026 - EBITDA surged 93% in 2024, driven by a turnaround program and strategic acquisitions.ADMIN
Q4 20243 Mar 2026 - Profitability rose 17.4% with stable revenue and a strong EBITDA margin in Q1 2025.ADMIN
Q1 20253 Mar 2026 - Largest-ever acquisition to lead Finland's municipal financial services; H1 revenue stable.ADMIN
Q2 20253 Mar 2026 - Revenue and profit declined, but cost actions and acquisitions support future growth.ADMIN
Q3 20253 Mar 2026
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