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Extensive research

Alma Media: A broad spread of digital services

By Petri GostowskiCo. Head of Research
Alma Media
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Alma Media has carried out a considerable transition as the business focus has shifted to high-profitability digital businesses that form good two-thirds of the company’s revenue. Due to growing digital businesses and recent acquisitions, we believe the company has a good earnings growth outlook for the next few years. The return expectation consisting of earnings growth and dividend rises to a good level despite the downside in short-term valuation multiples.

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 Figures2021-05-27

202021e22e
Revenue230.2253.1273.6
growth-%-8.0 %10.0 %8.1 %
EBIT (adj.)45.556.668.5
EBIT-% (adj.)19.7 %22.4 %25.0 %
EPS (adj.)0.360.530.64
Dividend0.300.320.35
Dividend %3.4 %2.4 %2.6 %
P/E (adj.)24.625.520.8
EV/EBITDA12.819.316.0

Forum discussions

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...
3/26/2026, 7:31 PM
by Ilkka
6
What did I miss today, with Alma’s stock up +7.82% while the rest of the market is down?
3/26/2026, 6:34 PM
by Tero Ahola
0
Okay, I looked at both the year and the month incorrectly. So the mystery only gets better
3/24/2026, 4:23 PM
by dan.naumov
5
Hey, nothing has appeared for me, and the dividend payment is still about a month away: Alma Media’s Financial Statement Release January-December...
3/24/2026, 4:11 PM
by Jukka
6
Today must be Alma’s dividend payment day, so what’s the deal that instead of cash, a few new shares have appeared in the account at a purchase...
3/24/2026, 3:27 PM
by dan.naumov
2
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
4
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
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