Alma Media Q4 revenue edges up 4.1%, profits rise
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Finland-based media company Alma Media which operates a number of job boards, reported fourth-quarter revenue today from continuing operations of €81.2 million, up 4.1% from last year.
The company said revenue was supported by acquisitions, but the weakened Czech koruna dampened revenue performance.
(€ millions) | Q4 2024 | Q4 2023 | Change |
Revenue | 81.2 | 78.0 | 4.1% |
Adjusted EBITDA | 23.9 | 21.0 | 13.5% |
EBITDA | 22.5 | 20.4 | 10.4% |
Adjusted operating profit | 19.5 | 16.7 | 16.6% |
Operating Profit | 17.7 | 15.8 | 11.5% |
Profit for the period before tax | 16.5 | 11.4 | 44.5% |
Profit for the period | 12.1 | 10.6 | 13.9% |
Revenue by segment
(€ millions) | Q4 2024 | Q4 2023 | Change |
Alma Career | 26.3 | 27.0 | -2.5% |
Alma Marketplaces | 25.9 | 21.9 | 18.1% |
Alma News Media | 29.1 | 29.1 | 0.0% |
Segments Total | 81.2 | 77.9 | -1.3% |
Non-allocated and eliminations | 0.0 | 0.1 | -158.7% |
Revenue by geography
(€ millions) | Q4 2024 | Q4 2023 | Change |
Finland | 53.1 | 50.2 | 5.9% |
Other countries | 28.1 | 27.8 | 0.9% |
Looking ahead, Alma Media expects its full-year revenue and adjusted operating profit of 2025 to remain at the 2024 level. The full-year revenue for 2024 was €312.7 million and the adjusted operating profit was €76.9 million.
The long-term financial objectives are:
- Revenue growth: annual revenue growth of more than 5%
- Profitability: adjusted operating profit margin of more than 30%
- Financial solidity: Net Debt / EBITDA ratio less than 2.5
Alma Media’s recruitment services include prace.cz and jobs.cz in the Czech Republic, Profesia.sk in Slovakia and mojposao.net in Croatia.
Alma Media’s international business in Eastern Central Europe, Sweden and the Baltic countries consists of recruitment services and an online marketplace for commercial properties.
Alma Media shares last traded at €12.00, up 1.69% on the day and 5.14% below its 52-week high of €12.65, set on 3 February 2025. The company has a market cap of €972.12 million.