Alma Media: Convincingly defending profitability
Alma Media’s Q3 result was better than we expected, which was another demonstration of the company’s ability to manage costs and thus adapt to a weaker operating environment. The company’s performance is at an excellent level, which is positive now that the operating environment is weak and risks related to short-term economic development and thus uncertainty related to demand development is high. Our forecasts for the current year increased, but we did not revise the forecasts for the next few years much.