Steady pace even in headwind
The overall picture of Alma Media’s Q1 report was quite neutral, as the Q1 figures were well in line with our expectations and the 2024 guidance was also repeated as we expected. Considering this, we made no substantial changes to our forecasts for this or the coming years. In the short term, the company suffers from the slow market, but the company's flexible cost structure allows it to defend its earnings level until growth picks up.
Alma Media
Alma Media operates in the media sector. Within the company, the main focus is on digital media, where the offer consists of news content that concerns lifestyle, career, and finances. The group has a number of brands, the more well-known of which include Kauppalehti. The customers are located in the Nordic countries, the Baltics, and Europe and consist of private consumers. The head office is located in Helsinki.
Read more on company pageKey Estimate Figures20/04
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 304.9 | 307.4 | 313.0 |
growth-% | -1.28 % | 0.85 % | 1.80 % |
EBIT (adj.) | 73.6 | 72.2 | 74.7 |
EBIT-% (adj.) | 24.13 % | 23.50 % | 23.86 % |
EPS (adj.) | 0.66 | 0.63 | 0.65 |
Dividend | 0.45 | 0.46 | 0.47 |
Dividend % | 4.69 % | 3.98 % | 4.07 % |
P/E (adj.) | 14.64 | 18.45 | 17.68 |
EV/EBITDA | 10.21 | 12.54 | 11.71 |