Q1 2025 Alma Media Oyj Earnings Call Transcript
Key Points
- Revenue grew by 4% and adjusted profit increased by almost 7%, indicating solid financial performance.
- Digital revenue now constitutes 84% of total revenue, reflecting successful digital transformation.
- Marketplaces segment showed remarkable profitability improvement with a EUR1.5 million increase.
- Strong balance sheet with an equity ratio of 50.5%, supporting strategic investments.
- News Media segment achieved a 17% growth in profitability despite a decline in advertising revenue.
- Advertising revenue declined by 5.5%, negatively impacting the News Media and Marketplaces segments.
- Career segment faced challenges with heavy salary inflation in Central Eastern Europe, affecting profitability.
- The Finnish advertising market has not yet recovered, with an overall decline of 3.6%.
- Discontinuation of operations in Slovenia due to unsuccessful market penetration.
- Uncertainty in the market due to geopolitical factors and trade tariffs, affecting future outlook.
Good morning, ladies and gentlemen, and welcome to this interim report session of Alma Media's first quarter 2025. My name is Elina Kukkonen, and I'm responsible of the Communications and Brand of Alma. We begin with the presentation so that our CEO, Mr. Kai Telanne, will first present the Alma's overall result of the first quarter and highlight the performance of each of our business segments. After our CEO, our CFO, Mrs. Taru Lehtinen, she will present the financial position of Alma Media today. And then our CEO returns about the strategy going forward and the operating environment.
After the presentations, we have plenty of time for questions and answers. So we encourage you to present questions either online or here at the premises at Alma House. We first take the questions here at the Alma House and then our Director of Investor Relations, Mr. Teemu Salmi, will speak up the questions from the online. Thank you for joining us today. And once again, welcome.
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