Q1 2026 Alma Media Oyj Earnings Call Transcript
Key Points
- Alma Media Oyj (FRA:A4M) reported a 5% increase in revenues and a 19% rise in profitability for Q1 2026.
- Digital revenues, which constitute 86% of the business, are driving growth and profitability, with digital services up 15% year-over-year.
- The company's balance sheet is strengthening, with leverage at 1.0 and an equity ratio of 53%, indicating a strong financial position.
- Alma Marketplaces segment showed a 12% revenue increase and a 29% rise in operating profit, driven by organic growth and M&A transactions.
- The Alma News Media segment achieved a 22% increase in profitability, supported by effective portfolio management and digital advertising growth.
- The Central European markets, particularly Germany, are not showing significant growth, impacting the Alma Career segment.
- There are ongoing extra costs related to ICT expenses and cloud migration, which are expected to continue until the end of the year.
- The Finnish housing market remains low, with a decline in newly built apartments, affecting the real estate segment.
- Consumer confidence is low, which could impact the housing and car markets, posing a risk to future growth.
- The print market is declining, and while digital revenues are growing, the overall news media market remains challenging.
Good morning, ladies and gentlemen, and welcome to this interim report session of Alma Media's first quarter 2026.
My name is Elina Kukkonen, and I'm responsible of the communications and brand of Alma.
We begin with our presentation shortly. And as usual, the first to go on stage is our CEO, Mr. Kai Telanne. He will present the overall result of Alma Media's first quarter and highlight the performance of each of our business segments, Alma Career, Alma Marketplaces and Alma News Media.
After Mr. Telanne, our CFO, Mrs. Taru Lehtinen, will present the financial position of Alma Media today. And then Mr. Telanne returns. About the operating environment, our strategy going forward and the outlook.
And then we are ready for the questions and answers session. And we first take the questions here at the premises at Alma and then we moderate the online questions with Mr. Teemu Salmi, our Director for Investor Relations. So, welcome again, and thanks for
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