Q4 2024 Alma Media Oyj Earnings Call Transcript
Key Points
- Alma Media Oyj (FRA:A4M) reported a 4% increase in revenue for the last quarter of 2024.
- The company's adjusted operating profit rose by almost 17%, reaching €19.5 million.
- The transformation from print to digital has progressed well, with digital business now comprising close to 84% of total operations.
- The balance sheet is healthy, with a leverage ratio of 1.5 net EBITDA and an equity ratio close to 49%, allowing room for future investments.
- The company has a solid plan to reach a 30% adjusted EBITDA margin target within three years, supported by AI-driven efficiency improvements.
- The advertising market saw an 8.4% decline, reflecting broader market challenges, particularly in Finland.
- The Finnish recruitment market experienced a significant downturn, with a more than 30% decline.
- Print media revenues declined by over 9%, highlighting ongoing challenges in traditional media segments.
- The macroeconomic environment remains uncertain, with slow recovery signs in key markets like Finland and the Baltics.
- The company's cautious outlook for 2025 reflects a slow start to market recovery and potential cost increases as previous cost-saving measures may not be sustainable.
Good morning, ladies and gentlemen, and welcome to this interim report session of Alma Media's fourth quarter and the full year of 2024. My name is Elina Kukkonen. I'm responsible of the communications and brand of Alma.
We begin with our presentation shortly and first to go on stage will be our CEO Mr Kai Telanne. He will present the overall result of Alma Media and highlight the performance of each business segment after Mr Telanne, our CFO Mrs Taru Lehtinen will present the financial position of Alma Media today.
And then Mr Telanne continues with the operating environment and our strategy going forward.
We close the session with the Q&A we first take the questions here at Alma premises and then we also take out the online questions, our investor relations director, Mr Teemu Salmi, he will speak up the questions from the online.
Once again. Welcome and nice to have you here joining this session. I think we are set and ready for the presentation
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