Mandatum MANTA.HE
Public, HEL, reports in EUR. Founded 1974.
Theme: Aging population.
Mutual fund fees.
2025-08-01 — Should have bought...
Financials millions, EUR
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 979m EUR | 64.8 % | – | – | – | – | 156m EUR | 0.31 | – | |
| 2024 | 594m EUR | -5.6 % | – | – | 302m EUR | 50.8 % | 165m EUR | 0.33 | 45.2 | |
| 2023 | 630m EUR | -180.3 % | – | – | – | – | 161m EUR | 0.32 | – | |
| 2022 | -784m EUR | – | – | – | – | – | 543m EUR | 1.08 | – | |
| 2026-Q2 | 1.2bn EUR | 235.8 % | – | – | – | – | 64m EUR | 0.13 | – | |
| 2026-Q1 | -162m EUR | – | – | – | – | – | -12m EUR | -0.02 | – | |
| 2025-Q4 | 454m EUR | – | – | – | – | – | 30m EUR | 0.06 | – | |
| 2025-Q3 | 475m EUR | – | – | – | – | – | 47m EUR | 0.09 | – | |
| 2025-Q2 | 358m EUR | – | – | – | – | – | 28m EUR | 0.06 | – |
Sources
- 2025: yfinance
- 2024: 2025_10-K_Summary_2026-07-10.xlsx
- 2023: 2025_10-K_Summary_2026-07-10.xlsx
- 2022: yfinance
- 2026-Q2: yfinance
- 2026-Q1: yfinance
- 2025-Q4: yfinance
- 2025-Q3: yfinance
- 2025-Q2: yfinance
Latest quarter 2026-Q2, ended 2026-06-30, vs 2025-Q2
| 2026-Q2 | 2025-Q2 | change | |
|---|---|---|---|
| Revenue | 1.2bn EUR | 358m EUR | +845m (+236 %) |
| Op. margin | – | – | |
| FCF | 177m EUR | 138m EUR | +39m (+28 %) |
| Net income | 64m EUR | ||
| EPS (diluted) | 0.13 | 116.7 % |
Cash flow millions, EUR
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | 127m EUR | 3.1m EUR | 124m EUR | 12.6 % | 81.3 % | – | – | 113m EUR | -203m EUR |
| 2024 | 72m EUR | 2.3m EUR | 70m EUR | 11.8 % | 43.8 % | 245m EUR | -434m EUR | 318m EUR | 152m EUR |
| 2023 | 280m EUR | 5.5m EUR | 275m EUR | 43.6 % | 174.4 % | – | – | 175m EUR | 14m EUR |
| 2022 | -16m EUR | 4.2m EUR | -20m EUR | 2.5 % | -2.9 % | – | – | -20m EUR | -194m EUR |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 6.17 EUR | 2026-09-15 | |
|---|---|---|---|
| Market cap | 3.1bn EUR | 3.6bn USD | 2026-09-15 |
| 52w high | 7.46 EUR | 2026-09-15 | |
| 52w low | 5.36 EUR | 2026-09-15 | |
| Off 52w high % | -17.4 % | ||
| P/S | 3.1 | ||
| Lifetime CAGR | -0.0 % |
Notes
- 2025-08-01 opinion Should have bought...