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Keskisuomalainen

10.40 EUR

-2.80 %

3,354 following

KSL

NASDAQ Helsinki

Media & Entertainment

Consumer Goods & Services

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
-2.80 %
+9.47 %
+2.46 %
+20.93 %
+17.91 %
+49.43 %
-11.11 %
-28.28 %
-67.50 %

Keskisuomalainen operates in the media industry. Its main business is focused on newspaper publishing and related materials. The group includes several brands. In addition to newspaper publishing, the company also offers printing and distribution services, as well as marketing services to small and medium-sized business customers. The company has its headquarters in Jyväskylä.

Read more
Market cap
113.96M EUR
Turnover
14.51K EUR
P/E (adj.) (26e)
10.69
EV/EBIT (adj.) (26e)
12.39
P/B (26e)
1.91
EV/S (26e)
0.79
Dividend yield-% (26e)
8.17 %
Coverage
Recommendation
Accumulate
Target price
10.50 EUR
Updated
2026-06-10
Disclaimer
Arttu Heikura
Arttu Heikura

Analyst

Latest research

Latest analysis report

Released: 2026-06-10

Latest extensive report

Released: 2026-06-10

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
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Forum discussions
Here is a company report from Arttu regarding the H2 results. Keskisuomalainen’s year 2025 was successful, and the result rose to very good levels. We estimate the company’s medium-term earnings performance to be quite stable. Thus, we see the stock’s valuation as neutral, leaving...
2/27/2026, 7:27 AM
by Sijoittaja-alokas
3
Arttu and Miksu discussed Keskisuomalainen regarding the extensive report Topics: (00:00) Introduction (00:20) Finland’s largest local media group (03:55) Sustainability of the delivery business’s earnings improvement (05:58) Digital transition still in progress (07:55) The “dividend...
6/12/2026, 6:04 AM
by Sijoittaja-alokas
2
Here are Aapeli’s comments on media advertising in April According to statistics published by Fifty5Blue (formerly Kantar), the volume of media advertising in Finland fell by as much as 15% year-on-year in April. Consequently, media advertising has decreased by a cumulative 7% during...
5/27/2026, 6:36 AM
by Sijoittaja-alokas
1
Here are Petri’s comments on media advertising in March; media advertising accounts for about a third of Keskisuomalainen’s revenue According to statistics published by Fifty5Blue (formerly Kantar), the volume of Finnish media advertising decreased by 4% year-on-year in March. Consequently...
4/28/2026, 3:53 PM
by Sijoittaja-alokas
1
Here are Petri’s comments on February’s media advertising According to statistics published by Kantar, the amount of media advertising in Finland decreased by 2% in February compared to the reference period, and thus, during the beginning of the year, media advertising has cumulatively...
3/24/2026, 6:12 AM
by Sijoittaja-alokas
1
Here are Petri’s comments on media advertising in January, which affects Keskisuomalainen the most among the companies in the sector, as it accounts for 33 percent of the company’s revenue. According to statistics published by Kantar, the volume of media advertising in Finland decreased...
3/5/2026, 6:05 AM
by Sijoittaja-alokas
1
Here are Petri’s and Arttu’s comments on the performance of media advertising in December. According to statistics published by Kantar, the volume of media advertising in Finland fell by as much as 9% in December compared to the previous year, and thus the performance for the whole...
2/2/2026, 5:50 AM
by Sijoittaja-alokas
1
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
27/8
2026

Interim report Q2'26

18/11
2026

Half year dividend

Keskisuomalainen omfattande analys: Utdelning och digital omställning i fokus för berättelsen
Extensive research6/10/2026, 4:10 AM by
Arttu Heikura

Keskisuomalainen omfattande analys: Utdelning och digital omställning i fokus för berättelsen

Investeringscaset är beroende av en lyckad digital omställning och anpassning av den vikande verksamheten.

Keskisuomalainen
Analyst Comment5/27/2026, 6:27 AM by
Aapeli Pursimo

Ad investments fell significantly in April

The amount of media advertising in Finland decreased by as much as 15% year-on-year in April.

SanomaAlma MediaIlkkaKeskisuomalainen
Analyst Comment4/28/2026, 6:29 AM by
Petri Gostowski

Development of advertising investments has been sluggish in early 2026

According to statistics published by Fifty5Blue (formerly Kantar), the amount of media advertising in Finland decreased by 4% year-on-year in March.

SanomaAlma MediaIlkkaKeskisuomalainen

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Keskisuomalainen stärker sitt digitala utbud
Analyst Comment4/1/2026, 4:35 AM by
Arttu Heikura

Keskisuomalainen stärker sitt digitala utbud

Arrangemanget öppnar upp möjligheter för att utveckla koncernens medieutbud och för korsförsäljning.

Keskisuomalainen
Ad investment development recovered slightly in February
Analyst Comment3/24/2026, 6:51 AM by
Petri Gostowski

Ad investment development recovered slightly in February

According to statistics published by Kantar, the volume of Finnish media advertising decreased by 2% year-on-year in February, and thus media advertising has cumulatively decreased by 4% in early 2026 compared to the corresponding period last year.

SanomaAlma MediaKeskisuomalainenIlkka
Analyst Comment3/5/2026, 6:26 AM by
Petri Gostowski

Ad investments remained soft in January

According to statistics published by Kantar, the volume of Finnish media advertising decreased by 6% year-on-year in January.

SanomaAlma MediaKeskisuomalainenIlkka
Keskisuomalainen H2'25: Vinsten förblir på dessa nivåer åtminstone ett tag
Research2/27/2026, 6:41 AM by
Arttu Heikura

Keskisuomalainen H2'25: Vinsten förblir på dessa nivåer åtminstone ett tag

Vi bedömer att företagets resultatutveckling på medellång sikt är relativt stabil.

Keskisuomalainen
Keskisuomalainen H2'25 förhandskommentar: Goda utsikter och utdelning motiverar att behålla aktien
Research2/24/2026, 5:10 AM by
Arttu Heikura

Keskisuomalainen H2'25 förhandskommentar: Goda utsikter och utdelning motiverar att behålla aktien

Företagets vinst fortsätter att öka kraftigt, med stöd av volymtillväxt och förbättrad effektivitet.

Keskisuomalainen
Ad investments fell significantly in December
Analyst Comment2/2/2026, 8:01 AM by
Petri Gostowski, Arttu Heikura

Ad investments fell significantly in December

According to statistics published by Kantar, the volume of Finnish media advertising decreased by as much as 9% year-on-year in December, and thus the development for last year was -3%.

SanomaAlma MediaKeskisuomalainenIlkka
Keskisuomalainens fastighetsarrangemang har slutförts
Analyst Comment1/15/2026, 5:35 AM by
Arttu Heikura

Keskisuomalainens fastighetsarrangemang har slutförts

Arrangemanget har en positiv inverkan på företagets rapporterade vinst för 2026.

Keskisuomalainen
Keskisuomalainens effektiviseringsprogram fortskrider
Analyst Comment1/5/2026, 6:22 AM by
Arttu Heikura

Keskisuomalainens effektiviseringsprogram fortskrider

Huvudidén med att centralisera nyhetsmedierna är att erbjuda gemensamma digitala plattformar, administration och andra processer för varje nyhetsmedia som ingår i koncernen.

Keskisuomalainen
Analyst Comment12/22/2025, 7:22 AM by
Petri Gostowski

Ad investments continued their downward trend in November

According to statistics published by Kantar, the amount of media advertising in Finland decreased by 4% year-on-year in November.

SanomaAlma MediaKeskisuomalainenIlkka
Analyst Comment12/1/2025, 7:37 AM by
Petri Gostowski

The decline in advertising investments softened in October

According to statistics published by Kantar, the volume of Finnish media advertising decreased by around 1% in October year-on-year.

SanomaAlma MediaKeskisuomalainenIlkka
Keskisuomalainen säljer sin fastighet i Kuopio och investerar kapitalet i KPY Novapolis
Analyst Comment11/24/2025, 6:59 AM by
Antti Viljakainen

Keskisuomalainen säljer sin fastighet i Kuopio och investerar kapitalet i KPY Novapolis

Enligt vår preliminära bedömning har fastighetsarrangemangen ingen radikal inverkan på Keskisuomalainens långsiktiga estimat eller vår ståndpunkt om aktien.

Keskisuomalainen
Analyst Comment10/23/2025, 4:00 AM by
Petri Gostowski

Minskningen av reklaminvesteringar mattades av i september

Mängden mediamarknadsföring i Finland minskade med 1 % i september jämfört med jämförelseperioden.

SanomaAlma MediaKeskisuomalainenIlkka
Analyst Comment9/18/2025, 10:20 AM by
Petri Gostowski

Inga ändringar sågs i den nedåtgående trenden för reklaminvesteringar i augusti

Enligt statistik publicerad av Kantar minskade mängden mediamarknadsföring i Finland med drygt 4 % i augusti jämfört med jämförelseperioden. Därmed närmar sig den kumulativa utvecklingen för hela innevarande år redan en minskningstakt på 3 % (1-8’25 - 2,6 %).

SanomaAlma MediaIlkkaKeskisuomalainen
Analyst Comment9/1/2025, 5:13 AM by
Petri Gostowski

Den tydliga nedgången i annonseringen fortsatte i juli

Enligt statistik publicerad av Kantar minskade mängden mediamarknadsföring i Finland med nästan 5 % i juli jämfört med jämförelseperioden. Därmed ligger den kumulativa utvecklingen för hela innevarande år fortfarande drygt 2 % på minus.

SanomaAlma MediaKeskisuomalainenIlkka
Research8/29/2025, 4:10 AM by
Arttu Heikura

Keskisuomalainen: Resultatvändningen starkare än väntat

Keskisuomalainens resultatvändning under H1 var starkare än vi estimerade och utsikterna inom kort verkar bättre än förväntat. Den framgångsrika digitala omställningen förblir en central drivkraft för investeringscaset.

Keskisuomalainen
Positiv vinstvarning från Keskisuomalainen
Analyst Comment8/27/2025, 4:50 AM by
Arttu Heikura

Positiv vinstvarning från Keskisuomalainen

Keskisuomalainen utfärdade igår en positiv vinstvarning gällande sin operationella vinst. Utvecklingen under början av året har varit gynnsammare än företagets förhandskommentar, och företaget rapporterade att de har sett en liten uppgång i verksamhetsmiljön.

Keskisuomalainen
Keskisuomalainen H1’25 förhandskommentar: Vinstnivån förväntas höjas
Analyst Comment8/22/2025, 4:50 AM by
Arttu Heikura

Keskisuomalainen H1’25 förhandskommentar: Vinstnivån förväntas höjas

Tillväxten inom distributionsverksamheten och förbättrad effektivitet har möjliggjort en tydlig resultatvändning för Keskisuomalainen under H1, även om marknadsutvecklingen för medierelaterad annonsering, som är viktig för företaget, har varit svag.

Keskisuomalainen