Alma Media: Tight labor market drives growth
Alma Media’s Q2 report published yesterday was largely in line with expectations, even though the operating result fell short of our estimates that we raised in connection with the preliminary result. We made no substantial changes to our estimates and expect the earnings growth rate to slow down toward the end of the year, reflecting the development of the operating landscape.
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 Figures20.07.2022
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 275.4 | 305.8 | 302.8 |
growth-% | 19.64 % | 11.01 % | -0.96 % |
EBIT (adj.) | 61.1 | 75.4 | 70.7 |
EBIT-% (adj.) | 22.17 % | 24.67 % | 23.36 % |
EPS (adj.) | 0.58 | 0.66 | 0.66 |
Dividend | 0.35 | 0.38 | 0.40 |
Dividend % | 3.23 % | 3.88 % | 4.08 % |
P/E (adj.) | 18.60 | 14.75 | 14.93 |
EV/EBITDA | 14.41 | 9.54 | 10.41 |