Briefly in English

Admicom is a fast-growing and profitable Finnish pioneer in cloud-based ERP solutions. We provide an effective and cost-saving management tool for construction, building services engineering and manufacturing companies.

Read more about Admicom      Latest investor presentation


About Admicom     |     Our business  |     Presentations and reports    |    Contact us

Key figures Q3/2019

Admicom Oyj
1-9/2019 1-9/2018 Change %
Turnover, 1 000 €
11 544 8 355 38 % 11 456 
EBITDA, 1 000 € 5 478 3 657 49 % 4 796
      % of revenue 47 % 44 % 42 %
Operating profit, 1 000 € 5 052 3 275 54 % 4 291 
      % of revenue 44 % 39 % 37 %
Profit for the period, 1 000 € 4 040 2 436 66 %  
Earnings per share, EPS € 0,84 0,53 0,71
Employees at the end of the period 133 110 113

The Q3/2019 figures are unaudited and in FAS format.


Share information

Market: Nasdaq First North Growth Market Finland
Trading Code: ADMCM
ISIN Code: FI4000251830
Number of Shares: 4 840 108
Series of Shares: 1


About Admicom


Admicom is a Finnish provider of cloud-based ERP solutions for construction, building services engineering and manufacturing companies and a comprehensive partner in software and accounting services.

We are the market leader in our core target group; building services engineering. Our ERP, Adminet currently has over 15 000 active users.

We are a profitably and rapidly growing company, largely owned by our staff. We have more than 120 professionals working in four locations around Finland. In February 2018 Admicom Oyj was listed on the First North Growth Market Finland maintained by Nasdaq Helsinki Ltd.

Vision: Our vision is to be a pioneer in developing ERP solutions for small and medium-sized companies.

Strategy: Admicom offers the most advanced ERP and superior services to selected target groups.

Most advanced ERP

  • Cloud service
  • Highly automated
  • Most extensive solution for customer industries
  • Constant development and regular updates

Superior services

  • Safe maintenance and back ups, zero downtime
  • Best industry expertise
  • Efficiency and reliability
  • Packaged services


Admicom selected as Star of 2019 in the European Small and Mid-Cap Awards!

We are honored to have won the Star of 2019 category of the European Small & Mid-cap Awards 2019. The winners of each category were announced on 12th November 2019 in Brussels.

”The whole staff has made this victory possible. Our success is based on years of dedicated work, the entrepreneurial spirit of our employees and commitment to a common goal. This is a great milestone in our objective of becoming a market leader in our own industry as well as expanding into international markets.

– Antti Seppä, CEO of Admicom –


To win the title of Star of 2019 the company has to meet the following criteria:

”An exceptional performer in its sector and a responsible corporate citizen will be the winner of the Star of 2019. This exceptional leader will be a newly listed  mid-cap company that stand out in the crowd in a broad range of areas with its clear growth potential. This stellar company will be also well-managed and have  made good use of the proceeds of flotation. Since going public, the winner’s share price should have risen to a respectable but not excessive premium.”

Read more about the awards

Nasdaq Nordic Investor News: Admicom selected as Star of 2019 in the European Small and Mid Cap Awards 2019

What we provide:

Software services

We help our customers manage all their functions with one automated cloud service: Adminet.

Accounting services

We offer reliable, industry-specific and 100% paper-free accounting and payroll services.

Customer service

We take care of our customers all the way from system implementation and support to business development.

Why customers choose us:

Streamlining customer business

Adminet boosts operational efficiency by automating manual processes and complex integrations. Information flow is seamless from production site to office.

Pioneer in software development

Admicom boosts digitalization in its customer industries by offering the best practices in the field. Strong focus to specific customer segments has led to superior solutions.

The most comprehensive solution

Admicom offers the most extensive software solution to construction, building services engineering and manufacturing companies. No outside-Adminet integrations are necessary.

Pure cloud ERP

Customers can use Adminet in an internet browser anytime and anywhere. Our ERP is a modular system and customers can choose the most beneficial application combination.

Real time information

Thanks to advanced automation, unique project revenue recognition logic and all in one solution, our ERP is able to produce real time information and the right metrics for business management.


Customer reviews:

We have helped create hundreds of Finnish success stories.
Over 120 of them have been published in our customer magazines since 2004.

”Adminet helps us by making our operations more efficient, saving time and providing us a lot of information to keep track of the company’s finances.”

Jukka Pietilä, CEO, IntLog Oy

”Adminet has been one of the prerequisites for our growth to be possible at all.”

Hannu Kauppi, CEO, HSK Sähkö Oy

”Currently we have fewer administrative employees than before, even though our revenue grew almost 4 million euros last year.”

Malik Bentaieb, CEO, LTU Group Oy


Our business


Customer segments

Admicom is the market leader in its core target group; building services engineering. Admicom has strong growth in construction segment and significant potential in its most recent customer segment of manufacturing industry.

Adminet ERP streamlines operations and increases competitiveness for small and medium-size enterprises by automating routine office work.

New sales by customer segments (2018). Click on the image to enlarge it.

SaaS Business Model

Key drivers of growth and development in the ERP markets are the digitalization of financial administration and the transition from laborious ERP implementation projects to faster and more agile solutions.

Cloud-based softwares replace older licensing softwares at a growing pace. For customers, SaaS (Software as a Service) offers flexibility, a small initial investment, real-time information and an ability to work anytime, anywhere. This brings significant cost savings, especially for small and medium-sized businesses. For software companies, the SaaS business model is attractive because it is based on a growing and constant revenue stream.

Admicom’s revenue by services (2018). Click on the image to enlarge it.

Admicom's Profitable Growth

Approximately 87 % of Admicom’s revenue consisted of recurring monthly invoicing in 2018. Admicom has grown profitably by an average of 36 % per year over the past five years. We are aiming to maintain over 30 % annual growth rate for 2019–2020.

Admicom is a profitably and rapidly growing company. Click on the image to enlarge it.

Core markets and competition

Although we are the market leader within our core target group, Admicom still has market potential within the current customer segments (see picture below). However, we also actively investigate other potential sources of growth. 


Admicom’s market potential

Admicom’s main competitors offer industry-specific software for the same target groups. The most significant competitors are: Pajadata and Ecom in the building services engineering target group, EVRY Jydacom and Lemonsoft in the construction target group and e.g. Oscar Software, Visma and CGI in the manufacturing industry target group.

Currently, there are no other players in the market who can offer as extensive and industry-specific solution for the same target groups.

Admicom’s competition

* A cloud in the picture refers to a 100 % cloud service and a rectangle refers to a traditional software. Some traditional software vendors also offer only partial cloud services.


Reasons to invest in Admicom


  • Profitable growth by an average of 36 % per year over the past five years
  • Approximately 87 % of revenue consisted of recurring monthly invoicing in 2018
  • Aiming to maintain over 30 % annual growth rate for 2019–2020


  • Successful business model, EBITDA 42 % in 2018. Our goal for 2019 is 35–45 %
  • Aiming to allocate over 50 % of profits as dividend, without risking growth strategy
  • Return on investment 59 % in 2018


  • Comprehensive, industry-specific service provider
  • Highly automated and constantly evolving ERP system
  • Solutions that genuinely help customers, e.g. more than 30 centrally maintained price lists

Presentations and reports

Investor Presentation

You can find more information about Admicom in our latest investor presentation (updated on October 4th 2019):

View presentation

Company report (Inderes)

Read the extensive company update ”In a phase of strong value creation” by Inderes – the biggest equity analyst team in Finland.

Read the report

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Contact us

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IR Contacts


Antti Seppä


Kari Kalmukoski


Jenni Renko
Marketing Manager

Sulje haku