Frequently asked questions

Below you will find answers to the most common questions posed by investors interested in Alma Media.

1. What are Alma Media's financial goals?

Alma Media's long-term financial targets are as follows:

  • annual growth in the digital business over 15%
  • return on investment (ROI) over 15% per year
  • dividend over 50% of earnings per share

Financial targets

Target level






Digital business growth, %

> 15%






Return of Investment (ROI), %

> 15%






Dividend payout ratio*

> 50%






*Includes repayment of capital to shareholders.

2. What is Alma Media's dividend policy like?

In order to support growth, Alma Media aims to allocate investments, repayment of debt and distribution of profit optimally from the company's and investors' point of view. On average, Alma Media will distribute over one half of the financial result for the period as dividends. See the history of dividend payout ratio above.

3. What is the future outlook of Alma Media?

Have a look at our outlook, which we update quarterly, in connection with the publication of the interim report. We continuously renew our operations and products to better anticipate the changing needs of consumers and media clients. Digital consumer and business services play an important role in Alma's future success.

4. Isn't printing newspapers a declining business?

Through digitalising newspaper content Alma Media is able to make the newspaper business profitable.

5. What is Alma Media's vision and strategy?

Read about our strategy from Strategy page.

6. How has media advertising developed in Finland recently?

We follow media advertising spending on a monthly basis through statistics compiled by TNS Gallup Oy.

7. How has the circulation of Alma Media newspapers developed recently?

The paid circulation of Alma Media’s regional newspapers has declined, as the popularity of digitally distributed content has increased. The sales volume for Iltalehti, which relies on single-copy sales, has also decreased due to changes in buying habits and the digitalisation of content. More information on the circulation of Finnish newspapers is available on the Finnish Audit Bureau of Circulations website.

8. How much of Alma Media's net sales comes from the online business?

In 2015 the online business accounted for 36% of Alma Media's annual net sales.

9. How much of Alma Media's net sales comes from the business outside Finland?

In 2015 approximately 16 %.

10. Does Alma Media have ongoing option programmes or share-based incentive schemes?

Yes.  Click here to read more about incentive systems for key personnel.

11. What is Alma Media's publication schedule for financial information?

Alma Media publishes three interim reports (typically published in the end of April, July and October), the financial statements bulletin (typically published in February) and the annual report (published in March) every year. Have a look at the exact dates at our Calendar.

12. Does Alma Media publish a printed annual report?

Alma Media publishes only a digital annual review, accessible through the company website. The digital annual review and financial statements can be read using a web browser or by printing it out in PDF format.

13. Who are the largest shareholders in Alma Media?

Alma Media’s largest shareholders include other media companies, banks, insurance companies and other institutional investors, as well as private investors.  A list of the largest shareholders, updated monthly, is available in the Share & Shareholders section of this site.

14. How do I disclose changes in shareholdings?

Shareholders of listed companies have an obligation to notify both Finnish Financial Supervisory Authority (FSA) and the listed company of changes in their holdings and voting rights. Listed companies have an obligation to publicly disclose the shareholder's notification.

Under the provisions of the Securities Markets Act, changes in holdings must be disclosed when the holding reaches, exceeds or falls below 5, 10, 15, 20, 25, 30, 50 or 90 per cent or two thirds of the voting rights or the numbers of shares of the company.

Notifications of changes in holdings or voting rights must be made without undue delay. Further information can be found on FSA’s web pages.The flagging notice to Alma Media can be sent by email to the address .

Please also notify Mr. Rauno Heinonen, tel +358 10 665 2251 about the flagging.


Rauno Heinonen

Vice President, Corporate Communications and IR +358 10 665 2251

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