Here are Juha’s comments on the Q1 results this morning. ![]()
Administer’s Q1 result, published this morning, clearly exceeded our expectations due to better-than-anticipated profitability. Revenue remained practically stable as expected in a challenging market situation, but the cost structure had clearly decreased, and through this, the result grew significantly from the comparison period. The guidance for 2025 remained unchanged, and the outlook in general seemed stable, but through operational efficiency improvements, the company appears to have better prerequisites for profit improvement this year, even without revenue growth. A more detailed analysis requires time, and we do not yet want to speculate on possible forecast changes. However, the Q1 result was an encouraging signal, especially from the perspective of profitability.