Annual Report 2022

Administer wants to be the best player in our field of business with the customer experience and innovative mindset as well as with our comprehensive service offering and technological solutions. Our goal is to transform the financial management services market by developing new technologies and solutions.

Annual Report 2022 PDF

Key figures in 2022

Net sales EUR million

EBITDA EUR million


CEO’s review

Determined growth strategy implementation

I am happy with Administer Group’s first year as a listed company. Our net sales increased and our EBITDA developed favourably. At the same time, we expanded to nearly fifteen new locations. We carried out nine corporate acquisitions during the year, the most significant of which was the acquisition of Econia, an expert company specialised in financial and HR administration and international services, which joined the Administer family in November.
In line with our strategy, we invested strongly in employee experience, which has been positively reflected as improved personnel satisfaction during the year. Developing the customer experience was another key theme, and we made several updates to our products and services. We also accelerated the building of our consulting business.
I strongly believe that in the future, we can achieve growth and profitability through our key strategic themes – the best personnel, customer experience, advanced products and services and profitable growth. We have a good atmosphere and a can-do attitude.

Peter Aho

Growth supported by acquisitions in 2022

16 February Konjunktuuri

Konjunktuuri’s payroll services become part of Tilikamut

8 March WaBuCo

Strengthening our international financial and payroll administration expertise

4 April Sydän-Suomen Taloushallinta

Strengthening our operations in Central Finland: new offices in Pihtipudas and Kinnula

14 June Tilitoimisto Ollikainen

Strengthening our operations in South Savo: new office in Mikkeli

17 August Konsulttiliike Laine

Strengthening our operations in the Turku region

16 October Tunturi-Lapin Yrityspalvelu

Strengthening and complementing our operations in Northern Finland

11 November Econia

Strengthening our network particularly on the west coast and launching a new Compliance and Advisory business area aimed for domestic and international companies

30 November Varkauden Tili

Strengthening and complementing our operations in Savo

23 December Administer Uusimaa

Buyout of minority shareholding

Econia brought more than 100 new experts and new business to the Group

The highlight of 2022 took place in the beginning of November when Econia Ltd joined Administer Group through a corporate acquisition. This marked the largest acquisition in the history of Administer, bringing more than 100 new HR and financial management and international business experts as well as almost 400 agency contract workers to the Group. In Administer Group, Econia will continue as its own unit with its own brand.

Econia has strong experience in developing corporate finances, personnel resources and international business operations. Its service offering also includes, among other things, expert services in preventing grey economy as well as labour law-related services that complement the offering of Administer Group brilliantly. A wider range of services means that the Group can provide even more versatile expertise to its customers.