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Alma Media: Value creation with a digital business portfolio

By Inderes
Alma Media
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Most of Alma Media's income streams are generated by digital businesses with a strong market position and competitiveness. Considering these factors, we believe the company has rather good conditions for long-term value creation.

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 Figures10.06.2023

202223e24e
Revenue308.8305.7309.6
growth-%12.1 %-1.0 %1.3 %
EBIT (adj.)73.467.669.1
EBIT-% (adj.)23.8 %22.1 %22.3 %
EPS (adj.)0.720.590.62
Dividend0.440.460.48
Dividend %4.7 %3.7 %3.9 %
P/E (adj.)13.120.719.7
EV/EBITDA9.513.613.1

Forum discussions

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
3
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
This could very well be possible. It could lead to further arrangements if Ilkka has been an obstacle to Alma’s larger arrangements.
3/12/2026, 11:56 AM
by Tero Ahola
1
It looks like the unification of Ilkka’s share series will be triggered at the spring annual general meeting. After that, Keskisuomalainen &...
3/12/2026, 9:23 AM
by Nokiotta
4
Alma Media Osakkeenomistajat Ilmarinen was revealed to be the seller of the Otava stake (950,000 shares).
3/2/2026, 2:59 PM
by Harvasepäivä
6
Interesting. I wonder if this is good or bad news for the retail investor? So Otava wants to keep Alma listed after all?
2/24/2026, 5:56 PM
by Camelman
1
More block trades coming up. Who is the seller in these trades? Ilkka? Otava Ltd increases its ownership in Alma Media Corporation - Otava Group
2/24/2026, 2:20 PM
by Roni
7
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