Finland's Mandatum Q2 pretax profit more than doubles on investment returns

Mandatum Oyj

13/08/2026 06:40

Overview
Finland asset and wealth manager's Q2 pretax profit more than doubled yr/yr, driven by investment returns
Fee result for Q2 rose 21% as client assets under management climbed 16% yr/yr
Company says international asset management growth was led by Sweden, with first clients in Italy

Outlook
Mandatum expects 2026 fee result to increase from 2025
Company expects with-profit portfolio to decrease further in 2026
Mandatum says 2026 fee result depends on client behavior, asset allocation, and market conditions

Result Drivers
INVESTMENT RETURNS - Net finance result rose sharply due to higher returns from fixed-income and private equity investments as interest rates fell and credit spreads tightened
CLIENT ASSETS GROWTH - Fee result increased as client assets under management climbed, supported by positive market performance and net inflow
INTERNATIONAL EXPANSION - International asset management growth continued, led by Sweden and with new clients secured in Italy

Company press release: ID:nWkrbhpjlK

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
EUR 0.13
 
Q2 Assets Under Management
 
EUR 16.70 bln
 
Q2 Pretax Profit
 
EUR 79.10 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and 5 "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy."
Wall Street's median 12-month price target for Mandatum Oyj is €5.50, about 7.9% below its August 12 closing price of €5.98
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 22 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)