Q2 2025 Alma Media Oyj Earnings Call Transcript
Key Points
- Alma Media Oyj (OHEL:ALMA) reported a 9% increase in operating profit for the second quarter of 2025.
- The company's digital business grew significantly, with digital services contributing to 86% of total revenue.
- Alma Marketplaces segment showed strong performance with a 16.5% organic revenue growth.
- The news media segment saw a 20% increase in adjusted operating profit, driven by digital subscriptions.
- The company maintained a strong financial position with a leverage ratio of 1.7, well below the target range of 2.5.
- The European labor market, particularly in Central Europe, remains a concern with no clear signs of recovery.
- The Finnish advertising market is still fragile, with a reported 5% decline in total advertising demand.
- Alma Career segment faced challenges with a slight decline in revenue due to economic conditions in Slovakia and other regions.
- The company is cautious about the geopolitical turbulence and its potential impact on future performance.
- Despite cost-cutting measures, the Career United project has not yet resulted in significant cost savings due to ongoing extra costs.
Good afternoon, ladies and gentlemen and welcome to this interim report session of Alma Media's second quarter and first half 2025. Today we are live streaming from our Tampere office. My name is Elina Kukkonen and I'm responsible for the Communications and Brand at Alma.
We begin with the presentation shortly, and as usual, our CEO, Mr. Kai Telanne, will be the first to go on stage. He will provide an overview of our performance in the first half of 2025, covering all the business segments, Alma Career, Alma Marketplaces, and Alma News Media. After Mr. Telanne's presentation, our CFO, Mrs. Taru Lehtinen, will give us an overview and insights with the financial position today. And then Mr. Telanne continues, he will return about the strategy going forward, our operating environment and the outlook. We conclude the session with the Q&A, and we first take the questions from our audience here in Tamper, followed by the online viewers. And our Director of Investor Relations, Mr.
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