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Research

Alma Media: Core transformation and growth templates

By Petri GostowskiCo. Head of Research
Alma Media
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Yesterday, Alma Media organized a capital markets day (CMD). During the CMD, the company offered an in-depth look on the current state of the three business areas and their growth potential. Furthermore, the company announced new long-term financial targets. As a whole, the day didn’t offer any surprises and we expect that the company's digital revenue continues to grow in the next few years, in line with the steps we have previously estimated.

Alma Media operates in the media sector. The company's main focus is on digital media, where the offering consists of news content that touches on lifestyle, career and finance. The group operates several brands, the better-known of which include Kauppalehti. The customers are found in the Nordic countries, the Baltics and Europe and consist of private users. The head office is located in Helsinki.

Read more on company page

Key Estimate Figures16.09.2021

202021e22e
Revenue230.2271.9288.2
growth-%-8.0 %18.1 %6.0 %
EBIT (adj.)45.561.265.2
EBIT-% (adj.)19.7 %22.5 %22.6 %
EPS (adj.)0.360.560.61
Dividend0.300.320.35
Dividend %3.4 %2.4 %2.6 %
P/E (adj.)24.623.722.1
EV/EBITDA12.818.015.9

Forum discussions

The end-of-day rise seems to have occurred with very low trading volume. Just over a hundred shares at the closing price and a few hundred more...
3/26/2026, 7:31 PM
by Ilkka
6
What did I miss today, with Alma’s stock up +7.82% while the rest of the market is down?
3/26/2026, 6:34 PM
by Tero Ahola
0
Okay, I looked at both the year and the month incorrectly. So the mystery only gets better
3/24/2026, 4:23 PM
by dan.naumov
5
Hey, nothing has appeared for me, and the dividend payment is still about a month away: Alma Media’s Financial Statement Release January-December...
3/24/2026, 4:11 PM
by Jukka
6
Today must be Alma’s dividend payment day, so what’s the deal that instead of cash, a few new shares have appeared in the account at a purchase...
3/24/2026, 3:27 PM
by dan.naumov
2
The CFO has purchased shares for over 44,000 euros. Alma Media – 18 Mar 26 Alma Media Oyj – Johdon liiketoimet – Taru Lehtinen ALMA MEDIA OYJ...
3/18/2026, 4:29 PM
by bullero22
4
It will also be interesting to see whether the competition authority grants Otava permission to acquire Alma Media shares and if things start...
3/12/2026, 11:58 AM
by Critter
3
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