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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 %3.4 %3.6 %
P/E (adj.)13.122.721.5
EV/EBITDA9.514.814.2

Forum discussions

Alma Media Osakkeenomistajat Ilmarinen was revealed to be the seller of the Otava stake (950,000 shares).
yesterday
by Harvasepäivä
4
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
6
Yet another large block trade. Major shareholders are moving their holdings around… A block trade worth 1.7 million euros was executed in Alma...
2/18/2026, 9:44 PM
by Lenheeti
8
According to the latest shareholder list, Heikki Herlin’s Mariatorp holds a 19.03% stake. If that decreases, it will become significant and ...
2/15/2026, 8:29 AM
by Camelman
3
Ilkka also seems to have a good 10% of Alma, and in this originally Ostrobothnian company, the situation is at a stalemate. In other words, ...
2/13/2026, 6:54 PM
by PörssiPatruuna
4
What are people’s views on Otava’s longer-term strategy? Do they intend to gradually acquire the whole of Alma for themselves?
2/13/2026, 2:26 PM
by dan.naumov
4
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