Alma Media: Demand recovers quickly
Q2 figures published by Alma Media yesterday corresponded as a whole well with our increased estimates after the positive earnings revision. Considering this we only make slight changes to our estimates for the next few years at Group level and expect strong growth in the operating result in the next couple of years. Drivers are quick recovery of demand, and inorganic revenue growth generated by the Nettix acquisition, as well as gradual scaling of profitability.
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 Figures21.07.2021
2020 | 21e | 22e | |
---|---|---|---|
Revenue | 230.2 | 271.9 | 288.2 |
growth-% | -7.99 % | 18.10 % | 6.02 % |
EBIT (adj.) | 45.5 | 61.2 | 67.7 |
EBIT-% (adj.) | 19.74 % | 22.53 % | 23.49 % |
EPS (adj.) | 0.36 | 0.56 | 0.63 |
Dividend | 0.30 | 0.32 | 0.35 |
Dividend % | 3.36 % | 3.27 % | 3.58 % |
P/E (adj.) | 24.56 | 17.32 | 15.53 |
EV/EBITDA | 12.82 | 13.87 | 11.82 |