Alma Media: Change in segment structure to forecasts
Alma Media will publish its Q1 report next Friday at around 8:00 am EEST. We forecast the company's EBIT to decline slightly year-on-year, in line with the weaker market environment. We expect the company to reiterate its guidance for the current year, which is also expected by consensus. We have updated our forecasts to reflect the change in the company's segment structure, but our earnings forecasts for the coming years are virtually unchanged.
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 pageKey Estimate Figures2024-02-17
| 2023 | 24e | 25e | |
|---|---|---|---|
| Revenue | 304.9 | 308.1 | 314.0 |
| growth-% | -1.3 % | 1.0 % | 1.9 % |
| EBIT (adj.) | 73.6 | 73.1 | 76.0 |
| EBIT-% (adj.) | 24.2 % | 23.7 % | 24.2 % |
| EPS (adj.) | 0.66 | 0.62 | 0.67 |
| Dividend | 0.45 | 0.46 | 0.47 |
| Dividend % | 4.7 % | 3.5 % | 3.6 % |
| P/E (adj.) | 14.6 | 21.1 | 19.7 |
| EV/EBITDA | 10.2 | 13.6 | 12.9 |
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