Mandatum jumps after Q3 beat helped by growing fees, lower costs

Mandatum Oyj

11/11/2025 08:29

** Shares in Mandatum MANTA.HE rise 5.9% at 0825 GMT after the Finnish asset manager posted its quarterly results above expectations, citing a 20% increase in fees, lower costs

** Its Q3 profit before tax stood at 55.7 million euros  ($65 million), against the consensus estimate of 48.5 million

** Mandatum CEO says the company is "clearly ahead" of last year in terms of the development of the fees figure

** "The better-than-expected profitability development was again driven by significantly improved cost efficiency", Inderes analysts say

** Mandatum shares rise as much as 7%, topping the STOXX 600 .STOXX index and are set for best day since February

($1 = 0.8575 euros)

 (Reporting by Boleslaw Lasocki)

 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))