Alma Media (ALMA) Q4 2024 earnings summary

Executive summary

• Q4 2024 revenue increased by 4.1% year-over-year to MEUR 81.2, with adjusted operating profit up 16.6% to MEUR 19.5, driven by digital transformation, now at 84.2% of business.

• Full-year 2024 revenue grew 2.5% to MEUR 312.7, with adjusted operating profit at MEUR 76.9 (24.6% margin).

• All business segments—Career, Marketplaces, and News Media—showed improved profitability, despite challenging macroeconomic conditions.

• The company is entering a new phase focused on AI-assisted business development and further digitalization.

• Board proposes a dividend of EUR 0.46 per share for 2024.

Financial highlights

• Q4 2024 revenue: MEUR 81.2 (+4.1% YoY); adjusted operating profit: MEUR 19.5 (+16.6% YoY), margin 24.0%.

• FY 2024 revenue: MEUR 312.7 (+2.5% YoY); adjusted operating profit: MEUR 76.9 (+4.4% YoY), margin 24.6%.

• Digital business share reached 84.2% by year-end.

• Equity ratio at 48.6%, net debt/EBITDA at 1.5, and return on equity 23.0%.

• Earnings per share for 2024 were EUR 0.64.

Outlook and guidance

• 2025 revenue and adjusted operating profit are expected to remain at 2024 levels, with continued market uncertainty and cautious growth.

• Long-term targets updated: annual revenue growth >5%, adjusted operating profit margin >30%, net debt/EBITDA <2.5.

• Acquisitions are anticipated to support revenue and profit, while cost control and diversification stabilize outlook.