Mandatum Oyj

MANTA

Equity

ISIN FI4000552526 / Valor 129671245

NASDAQ Helsinki Ltd, Equities (2026-10-02)

EUR 6.05+0.08%

Mandatum Oyj
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About company

Mandatum Oyj is a diversified financial services company that specializes in providing a comprehensive suite of offerings to its clientele. The company's business operations encompass asset and wealth management, where it caters to the investment needs and wealth preservation strategies of individuals and institutions. Additionally, Mandatum extends its expertise to savings and investment products, designed to facilitate the growth of personal and corporate financial assets. The firm also addresses the needs for future financial security and employee motivation through its compensation and rewards services, alongside pension plans that aim to secure clients' retirement years. Furthermore, Mandatum offers personal risk insurance solutions, ensuring that clients are protected against unforeseen personal financial risks. This holistic approach to financial services positions Mandatum Oyj as a key player in the financial sector, catering to a broad spectrum of financial planning and security needs.

Summarized from source with an LLMView SourceSector: Finance

Key financials (Q4 2024 / Full year 2024)

Q4 profit before taxes EUR 35.1m (‑24% vs Q4 2023); Q4 EPS EUR 0.07. Full-year 2024 profit before taxes EUR 202.9m (‑4% vs 2023); FY EPS EUR 0.33. Organic capital generation per share FY EUR 0.44.

Assets under management & flows

Client AuM rose to EUR 14.0bn (31 Dec 2023: EUR 11.9bn; +17% YoY). Q4 net flow EUR 391.5m (+86% YoY); full-year net flow EUR 983.1m (+30% YoY), equivalent to ~8% of opening AuM.

Revenue mix and fee performance

Fee result Q4 EUR 18.6m (+39% YoY); fee result FY EUR 66.6m (+27% YoY). Fee margin on client AuM remained ~1.2% and cost/income ratio related to client AuM improved to 58% (2023: 66%).

With‑profit & investment results

With‑profit net finance result Q4 EUR 10.5m (Q4 2023: EUR 19.1m); FY net finance result EUR 100.4m (FY 2023: EUR 137.8m). Investment returns in the with‑profit portfolios were lower than the prior year and the with‑profit insurance portfolio continued to run down.

Drivers of profit change

The Q4 and FY decreases in profit were mainly due to updates in actuarial assumptions and higher interest expenses on Group loans, partly offset by stronger fee income and cost efficiency.

Business area highlights

Institutional & wealth management grew strongly: AuM EUR 7.8bn (+22% YoY) with international institutional AuM up 67% YoY. Corporate and Retail segments also improved fee income; Retail net flows improved but remained slightly negative for the year.

Capital position & dividend

Solvency II ratio at 31 Dec 2024 was 210.4% (31 Dec 2023: 221.4%). The Board proposes a total dividend of EUR 0.66 per share for 2024 (EUR 0.33 per policy + EUR 0.33 extra), subject to the AGM.

Outlook (2025)

Mandatum expects fee result to increase in 2025 if market conditions remain stable. The with‑profit portfolio is expected to continue running down and results remain sensitive to market movements and periodic actuarial assumption updates.

Summarized from source with an LLMView Source

Key figures

5.58%1Y

64.9%3Y

%5Y

Performance

27.4%1Y

26.9%3Y

26.9%5Y

Volatility