contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


alma-media-profitability-good-pending-growth

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Co. Head of Research

Petri Gostowski

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.

Good question, and yes, I did consider a Buy recommendation as well. The reason I held back on it is that it’s difficult to see drivers for it to play out in this operating environment. Secondly, I’m thinking that because of the still-closed strait in the Middle East, macro risks are currently skewed more to the downside than the upside. Therefore, I’d rather save that Buy recommendation in case Mr. Market gives an even better entry point. All in all, this was a borderline case, and I ended up holding off on a stronger view for now.

Petri’s latest report on Alma Media:                   Inderes              Alma Media Q1'26: Marginaaliparannus etenee mallikkaasti - Inderes    Alma Median Q1-tulos oli selkeä positiivinen yllätys, kun yhtiön kannattavuus vahvistui vertailukaudesta tuntuvasti.                             A more general question for @Petri_Gostowski, but why wasn’t a Buy recommendation given in this case, even though there’s 21% upside to the target price and an additional 4% dividend yield? Previously, over 15% total return expectation was enough for a Buy recommendation, and this definition has since been abandoned, but surely the return expectation is now already 25%, and Alma’s risks don’t seem exceptionally high either.  This is apparently the most recent recommendation policy.

“Once times improve, Alma will take off like a pike from the reeds.” I have written this on the forum before, but it’s taking off already​ Especially the results were strong. Additionally, there is a faint scent of potential M&A in the air – either domestically or abroad. CEO interview:                   Inderes              Alma Media Q1'26: Erinomainen kannattavuus - Inderes    Aika: 29.04.2026 klo 16.05 Alma Median kannattavuus oli erinomainen.

A nice earnings beat from Alma Media. Here are Petri’s comments:                   Inderes – 29 Apr 26              Alma Media Q1’26 -pikakommentti: Erinomaista kannattavuuskehitystä kaikissa...    Alma Media raportoi aamulla Q1-tuloksensa, joka oli selvästi odotuksiamme parempi kaikkien kolmen segmentin erinomaisen kannattavuuskehityksen ansiosta.

ALMA MEDIA INTERIM REPORT JANUARY–MARCH 2026: Profitability continued to strengthen, all segments improved their results Financial performance in January–March 2026:  Revenue EUR 83.1 (79.2) million, growth 4.9%. Digital business share of revenue 85.9% (83.9%). Adjusted operating profit EUR 20.4 (17.2) million, 24.6% (21.7%) of revenue. Operating profit EUR 20.3 (16.6) million, growth 22.5%. Adjusted EBITDA EUR 24.5 (21.6) million, growth 13.2%. Earnings per share EUR 0.19 (0.14), up 41.2%. Alma Career: Revenue grew driven by the Czech market, adjusted operating profit strengthened by 14.4%. Alma Marketplaces: Revenue grew 11.8%, adjusted operating profit improved 29.0%. Alma News Media: Profitability development remained strong. Adjusted operating profit grew 21.9%.  Alma Media Interim Report January–March 2026: Profitability continued to strengthen, all segments improved their results | Kauppalehti

Here are Petri’s forecasts as Alma reports its results on Wednesday  We predict the company’s revenue and operating profit to have grown from the comparison period, although the market situation has remained relatively sluggish. Our 2026 forecasts anticipate moderate revenue growth and significant profit growth (+8%), so we expect the company to reiterate its guidance.                   Inderes – 27 Apr 26              Alma Media Q1’26 -ennakko: Odotamme tuloksen pysyneen nousu-uralla...    Alma Media julkistaa Q1’25-raporttinsa keskiviikkona noin klo 8.00.

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 a bit cheaper earlier.

Alma Media

Alma Media's Q4 results, profit distribution and guidance for 2024 were well in line with our expectations, taking into account a small acquisition that was not included in our forecasts prior to the Q4 report. In line with the solid profitability performance, we have made small upward revisions to our operational profitability forecasts for the short and long term.

<p>Alma Media's Q4 results, profit distribution and guidance for 2024 were well in line with our expectations, taking into account a small acquisition that was not included in our forecasts prior to the Q4 report. In line with the solid profitability performance, we have made small upward revisions to our operational profitability forecasts for the short and long term. </p> 

	2023	24e	25e
Revenue	304.9	308.1	314.0
growth-%	-1.3 %	1.0 %	1.9 %
EBIT (adj.)	73.6	73.1	76.0
EBIT-% (adj.)	24.2 %	23.7 %	24.2 %
EPS (adj.)	0.66	0.62	0.67
Dividend	0.45	0.46	0.47
Dividend %	4.7 %	3.7 %	3.8 %
P/E (adj.)	14.6	20.0	18.8
EV/EBITDA	10.2	13.0	12.3

Alma Media: Profitability is good, pending growth

Key Estimate Figures17.02.2024

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