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Mandatum Oyj/€MANTA

1D1W1M3M6MYTD1Y5YMAX

About Mandatum Oyj

Mandatum Oyj is a Finnish financial services company specializing in wealth management and life insurance. Its offerings encompass asset and wealth management, savings and investment solutions, compensation and rewards services, pension plans, and personal risk insurance. Founded in 1874, Mandatum is headquartered in Helsinki, Finland, and serves corporate, retail, institutional, and wealth management clients. The company emphasizes a diversified service portfolio tailored to various client segments, leveraging its experienced personnel and established brand to deliver value.
Ticker
€MANTA
Sector
Finance
Primary listing
XHEL
Employees
632
Headquarters
Helsinki, Finland
Website
www.mandatum.fi

Mandatum Oyj Metrics

BasicAdvanced
€3B
23.66
€0.25
0.01
€0.85
14.37%

What the Analysts think about Mandatum Oyj

Analyst ratings (Buy, Hold, Sell) for Mandatum Oyj stock.
Analyst projections of the future price of Mandatum Oyj stock.

Bulls say / Bears say

Mandatum’s capital-light business is gaining scale: second-quarter capital-light profit before tax rose 32% year on year, while fee income increased 21% as client assets under management reached a record €16.7bn. Continued growth in fee income could make earnings less reliant on its own investment portfolio. (Mandatum)
International expansion is starting to show traction, with international assets under management up 19% year on year and new clients secured in Italy. The planned Cliens acquisition would deepen Mandatum’s Swedish presence and broaden its product range, with analysts viewing the deal price as reasonable. (Mandatum, Inderes)
A 195% Solvency II ratio at the end of June gives Mandatum a sizeable capital buffer, and the company’s shrinking with-profit portfolio is intended to release further capital. This supports the prospect of substantial shareholder distributions, although the timing and size will depend on capital generation and management decisions. (Mandatum, Inderes)
The second-quarter profit surge relied heavily on market-sensitive investment income: the net finance result was €55.4m, and Mandatum says market movements can make it volatile. If investment returns weaken, reported earnings could fall even as fee income grows. (Mandatum, Inderes)
AUM growth in the second quarter was helped by market gains, while net subscriptions of €164m were below Inderes’ €290m estimate. Persistent inflows matter because they show whether Mandatum can grow fee income through new business rather than relying on rising asset prices. (Inderes)
The share price leaves little room for execution setbacks, according to Inderes, which says Mandatum’s wealth-management business trades at nearly 30 times earnings, well above domestic peers. That valuation makes sustained growth and successful delivery important to justify the price. (Inderes)
Data summarised monthly by Lightyear AI. Last updated on 6 Oct 2026.

Mandatum Oyj Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Mandatum Oyj Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Mandatum Oyj

AllEURUSDGBP
Funds
Fund name
Fund size
€MANTA weighting
iShares STOXX Europe 600 Financial Services€EXH2
€104M0.55%
iShares Ageing Population$AGED
$953M0.29%
iShares Ageing Population€AGED
$903M0.29%
iShares Ageing Population£AGES
$953M0.29%
Xtrackers MSCI Europe Small Cap£XXSC
$3.6B0.20%
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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