Mandatum Oyj

MANTA

Equity

ISIN FI4000552526 / Valor 129671245

NASDAQ Helsinki Ltd, Equities (2026-07-31)

EUR 5.95+0.25%

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 Q4 2024 figures

Q4 net flow +86% y/y to EUR 391.5m; fee result +39% to EUR 18.6m; net finance result EUR 23.7m; result related to risk policies EUR 2.2m (‑73%); profit before taxes EUR 35.1m (‑24% vs Q4 2023); EPS EUR 0.07.

Full‑year 2024 snapshot

Client AuM up 17% y/y to EUR 14.0bn; net flow EUR 983.1m (up 30%); fee result EUR 66.6m (+27%); cost/income ratio related to client AuM improved to 58% (‑8 p.p.); profit before taxes EUR 202.9m (‑4%); EPS EUR 0.33; organic capital generation per share EUR 0.44.

Dividend and capital

The Board proposes EUR 0.66/share for 2024 (EUR 0.33 policy dividend + EUR 0.33 extra). Solvency II ratio stood at 210.4% (31 Dec 2024), down from 221.4% a year earlier but above the stated medium‑term target range (170–200% was the target; management will reassess targets at Capital Markets Day).

Business‑area highlights

Institutional & Wealth: AuM EUR 7.8bn, Q4 net flow EUR 399.1m, Q4 PBT EUR 8.6m; Corporate clients: AuM EUR 2.6bn, Q4 PBT EUR 8.3m, personnel funds and unit‑linked pensions supported flows; Retail: AuM EUR 3.5bn, Q4 net flow negative (‑33.4m) driven by seasonal pension outflows, Q4 PBT EUR 4.1m. With‑profit: Q4 investment return on original portfolio 0.3%, with‑profit net finance result Q4 EUR 10.5m (decline vs prior year).

Profitability and cost efficiency

Fee income growth was the main profit driver; Mandatum reports improved scalability — cost/income ratio (client AuM basis) improved to 58% for 2024. Other result and interest expenses increased (pressuring Q4 profit vs prior year) and OCG per share declined y/y.

Outlook and key sensitivities

Management expects fee result to increase in 2025 if market conditions remain stable. Results remain sensitive to client behaviour, asset allocation, capital markets and periodic actuarial assumption updates; with‑profit portfolio is expected to continue running off and can cause volatility in net finance result.

Summarized from source with an LLMView Source

Key figures

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Performance

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26.7%5Y

Volatility