Alma Media Oyj · OMXHEX:ALMA
Alma Media Oyj — Q1 2025 Earnings Presentation
30 slides from Alma Media Oyj's earnings presentation, April 2025
Slide 1: Alma Media's Q1 2025
ALMA MEDIA’S Q1 2025: Adjusted operating profit increased 6.6%, led by the Alma Marketplaces segment
Slide 2: Q1 2025 Highlights
Q1 2025 Revenue grew by 4.0%, adjusted operating profit up by Highlights 6.6% ADJUSTED OPERATING PROFIT REVENUE (MEUR) (MEUR) (% OF REVENUE) +4.0% 30 30 76.2 79.2 +6.6% 75.3 25 21.7% 25 22.6% 21.2% 20 17.0 17.2 20 16.1 15 15 10 10 5 5 Q1 2023 Q1 2024 Q1 2025 0 0 Q1 2023 Q1 2024 Q1 2025 • Solid perfo
Slide 3: Revenue bolstered by acquisitions, market conditions curbing growth
Revenue bolstered by acquisitions. The market conditions and uncertainty curbing the growth REVENUE Q1 2025 (MEUR) ADJUSTED OPERATING PROFIT Q1 2025 (MEUR) -0.7 79.2 -0.3 17.2 0.0 +0.4 +4.0 16.1 +1.5 76.2 -0.6 -0.2 Q1 2024 Alma Alma Alma News Non- Q1 2025 Q1 2024 Alma Alma Alma News Non- Q1 2025 Car
Slide 4: Share of digital business grew to new records
On rolling 12 months basis, the share of digital business grew to new records SHARE OF DIGITAL BUSINESS OF GROUP REVENUE* REVENUE BY REVENUE CLASSES Q1 2025 (MEUR) 84% 85% (REVENUE CHANGE IN BRACKETS) 300 81% 82% 77% 263 267 80 69% 251 Classified 31.1 0.9 (2.8%) 250 250 66% 70 ** 63% 61% 212 58% 59%
Slide 5: Development by Business Segments
DEVELOPMENT BY BUSINESS SEGMENTS
Slide 6: Business segments
Business segments Q1 2025 ALMA CAREER ALMA MARKETPLACES ALMA NEWS MEDIA Vesa-Pekka Kirsi Santtu Elsinen Juha-Petri Loimovuori Leading Job boards in 10 CEE Leading marketplaces in real Leading digital news media in countries. Recruitment estate, mobility and business the Finnish market. Pioneer in ad
Slide 7: Alma Career: Revenue on par, profitability declined due to development costs
Alma Career: Revenue on par with the comparison period, profitability declined due to development costs REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) SEGMENT REVENUE BY REVENUE CLASSES 50 43.2% 45 (REVENUE CHANGE IN BRACKETS) 40.2% 40.4% 45 38.7% 26.9 36.6% 40
Slide 8: Invoicing & revenue recognition in Alma Career, rolling 12 months
Invoicing & revenue recognition in Alma Career, rolling 12 months Rolling 12 months, EURk Revenue Invoicing 10 000 9 500 8,982 9 000 8,915 8 500 8 000 7 876 7 500 7 000 6 847 6 500 6 000 09/21 11/21 01/22 03/22 05/22 07/22 09/22 11/22 01/23 03/23 05/23 07/23 09/23 11/23 01/24 03/24 05/24 07/24 09/24
Slide 9: Alma Marketplaces: Profitability significantly strengthened
Alma Marketplaces: Profitability significantly strengthened by organic growth and business acquisitions REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) SEGMENT REVENUE BY REVENUE CLASSES 40 (REVENUE CHANGE IN BRACKETS) 35.3% 26.9 35 +1.1 +1.1 +0.1 28.4% 27.5% 30
Slide 10: Housing market & marketplaces update
Housing market & marketplaces update HOUSING MARKET UPDATE (SOLD APARTMENTS) +31.8% -18.2% 4 968 4 783 4 951 4 591 4 483 4 603 4 231 4 288 4 355 3 822 3 757 3 697 2 922 4 418 4 776 4 468 4 622 4 782 4 273 4 033 4 173 4 253 3 703 3 628 3 608 2 821 P3 23 P4 23 P5 23 P6 23 P7 23 P8 23 P9 23 P10 23 P11
Slide 11: Mobility market & marketplaces update
Mobility market & marketplaces update MOBILITY MARKET UPDATE* (SOLD CARS) -2.2% +6.8% 61 466 60 810 63 406 61 833 60 380 58 626 57 217 56 415 54 039 53 342 52 834 54 082 50 973 52 208 54 099 53 428 55 855 56 800 46 465 46 750 46 450 54 072 50 953 48 420 50 839 44 482 P3 23 P4 23 P5 23 P6 23 P7 23 P8
Slide 12: Alma News Media: Strong profitability growth continued
Alma News Media: Strong profitability growth continued REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY REVENUE CLASSES (MEUR) SEGMENT REVENUE BY DIGITAL/PRINT (REVENUE CHANGE IN BRACKETS) 45 35 26.5 40 30 -0.5 35 +0.1 -0.3 25.8 Digital 15.6 0.8 (5.4%) 29.1 25 30 26.5 27.2 24.5 25.8 2
Slide 13: The Finnish advertising market update
The Finnish advertising market update MONTHLY CHANGE IN MEDIA ADVERTISING 03/2024–03/2025 Source: Kantar TNS 15% 5% -5% -15% -25% -35% -45% P3 24 P4 24 P5 24 P6 24 P7 24 P8 24 P9 24 P10 24 P11 24 P12 24 P01 25 P02 25 P03 25 Advertising sales total, chg % Newspaper advertising, chg % Online advertisi
Slide 14: Solid Financial Position
SOLID FINANCIAL POSITION
Slide 15: Balanced financial position
Balanced financial position NET DEBT (MEUR), GEARING (%) & EQUITY RATIO (%) Q1/2022–Q1/2025 500 150 450 400 102% 94% 100 350 81% 82% 81% 69% 73% 70% 65% 60% 60% 59% 54% 300 46% 48% 46% 46% 46% 44% 46% 49% 39% 42% 43% 50 33% 250 51% 200 0 150 100 -50 157 164 154 160 151 146 169 155 143 128 138 140 13
Slide 16: Solid cash flow
Solid cash flow OPERATING CASH FLOW (MEUR) OPERATING CASH FLOW BRIDGE Q1/2024 – Q1/2025 27.3 3.0 24.2 25 2.5 22.3 1.4 20.6 21.2 24.2 -1.7 19.6 18.8 2.0 20 0.4 -0.6 17.0 17.3 17.6 1.5 -1.4 13.0 15 22.3 1.0 10.9 9.8 10 0.5 5 0.0 -0.5 0 Q1 2024 Adjusted Taxes paid Net interest Changes Other Q1 2025 Q1/
Slide 17: Investments
Investments 4 3 CAPEX, LEASES, M&A Q1/22-Q1/25 DEPRECIATIONS Q1/22-Q1/25 16 2 16 1 14 1 14 13 1 0 12 10 -1 -1.8 -1.6 -1.6 -1.6 10 8 4 -2 -0.7 -0.9 -1.1 -1.2 7 11 1 14 13 6 -3 5 5 5 11 -1.9 -1.7 -1.4 4 4 -1.6 4 3 2 1 3 -4 3 7 1 -4.2 -4.1 3 3 1 1 -4.3 -4.4 2 -5 1 3 3 1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 18: Earnings per share and dividends
Earnings per share and dividends ROE & ROI (%) Q1/22-Q1/25* EARNINGS PER SHARE Q1/22-Q1/25 80 0.28 70 0.23 60 0.20 0.20 46.6 0.19 0.19 50 0.18 0.18 0.15 40 0.14 0.14 0.13 0.13 30 23.9 18.5 20.5 19.9 20 13.9 12.9 13.1 10 0 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25
Slide 19: Alma Media's long-term financial targets
Alma Media’s long-term financial targets* * https://www.almamedia.fi/en/newsroom/ REVENUE GROWTH (%) ADJUSTED OPERATING PROFIT (%)* NET DEBT/EBITDA RATIO* >5.0% >30% <2.5x 19.6 >30% 2.3 24.6 24.7 <2.5x 23.8 24.1 12.1 22.2 1.6 1.6 1.5 1.4 >5% 4.0 2.5 -1.2 2021 2022 2023 2024 Q1 2025 2021 2022 2023 20
Slide 20: Operating Environment
OPERATING ENVIRONMENT
Slide 21: European Commission forecast for Alma's operating countries
European Commission financial forecast for Alma's operating countries - Latest Alma Media operating countries’ updates GDP Change (%) Inflation (%) Unemployment (%) 2025 2024 2025 2024 2025 2024 1.5 -0.3 2.0 1.0 7.9 8.2 Finland 2.4 1.0 2.4 2.7 2.7 2.6 Czechia 2.3 2.2 5.1 3.1 5.3 5.5 Slovakia 3.3 3.6
Slide 22: Challenging operating environment
Challenging operating environment Lagging Changing Increasing Geopolitical economic growth consumer behaviour regulation turbulence Growth picking up, but major Digitalisation continues to Digital legislation increasing. Geopolitical tensions changes in geopolitics and change consumer behaviour. Gro
Slide 23: Strategy and Outlook
Se STRATEGY ~ AND OUTLOOK
Slide 24: Strong market positions and leading brands in key areas
Strong market positions and leading brands in key areas RECRUITING #1 Czech Republic jobs.cz, prace.cz #1 Slovakia profesia.sk #1 Croatia mojposao.net #2 Finland jobly.fi 1 #1-3 Estonia, Latvia, cvonline.com Lithuania 1 #1 Bosnia and Herzegovina, mojposao.ba, 1 Macedonia, Serbia vrabotuvanje.com.mk,
Slide 25: Alma Media's transformational journey
Alma Media’s transformational journey Exploiting paradigm changes in technology and consumer behaviour Integrating Platforms 2020 > Media and Services • Expanding our role in value chains • Streamlining customer processes by 2000 - 2020 integrating services to platforms • Enabling integrations also
Slide 26: Synergies
STRATEGY SYNERGIES 1 TRANSFORM • Streamline customer processes by integrating Advanced services to platforms • Systematically improve all products and MARKETPLACES processes with AI Intelligent • Increase operational agility to speed up time- Shared INSIGHTS to-market AUDIENCES DATA 2 GROW TECHNOLOG
Slide 27: From classified advertising to transactions
From classified advertising to transactions Entering larger potential market and enabling new revenue sources B U Y E R S SEARCH EVALUATE NEGOTIATE OWNERSHIP & & & & PROVIDE MARKET CLOSE CRM SELLERS, B2B PARTNERS ADVERTISING TRANSACTIONS 1 We further develop and complement our product portfolio to c
Slide 28: AI boosts Alma's strategy
AI boosts Alma's strategy 1. INCREASING INTERNAL PRODUCTIVITY • Use of AI tools for individual productivity, e.g., in software or content creation. • Automating internal processes, e.g., reporting, Stage 3: forecasting, or planning New business models OPPORTUNITY 2. IMPROVING CUSTOMER EXPERIENCE Sta
Slide 29: Outlook for 2025
Background for the outlook Outlook For 2025 The outlook is based on an assessment of the company's main market areas, where Announced on 5 February 2025 national economies are expected to pick up, but the uncertainty continues. The global economy fluctuations may affect the Alma Media expects its fu
Slide 30: Thank You! Questions?
Thank You! Questions? Upcoming events in the investor calendar: • Interim report for January–June 2025 on Thursday 17 July 2025 • Interim report for January–September 2025 on Friday, 31 October 2025 35