Reported Earnings • Aug 11
Second quarter 2026 earnings: EPS and revenues miss analyst expectations Second quarter 2026 results: EPS: €0.19 (up from €0.18 in 2Q 2025). Revenue: €9.63m (down 1.0% from 2Q 2025). Net income: €5.09m (up 14% from 2Q 2025). Profit margin: 53% (up from 46% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Media industry in Finland. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 129% Dividend per share is over 25x cash flows per share. Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 10 highly experienced directors. Independent Director Sarianne Savola was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • May 07
New major risk - Revenue and earnings growth Earnings have declined by 37% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 164% Cash payout ratio: 104% Earnings have declined by 37% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (10% net profit margin). Upcoming Dividend • Apr 17
Upcoming dividend of €0.25 per share Eligible shareholders must have bought the stock before 24 April 2026. Payment date: 05 May 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.6%. Within top quartile of Finnish dividend payers (5.4%). In line with average of industry peers (5.2%). New Risk • Apr 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 10% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 164% Cash payout ratio: 104% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (10% net profit margin). New Risk • Mar 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 48% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 164% Cash payout ratio: 104% Minor Risk Large one-off items impacting financial results. Declared Dividend • Feb 23
Dividend increased to €0.25 Dividend of €0.25 is 14% higher than last year. Ex-date: 24th April 2026 Payment date: 5th May 2026 Dividend yield will be 6.2%, which is higher than the industry average of 5.3%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but not adequately covered by cash flows (92% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share is expected to grow by 23% over the next 3 years, which should maintain adequate earnings cover for the dividend. Announcement • Feb 21
Ilkka Oyj announces Annual dividend, payable on May 05, 2026 Ilkka Oyj announced Annual dividend of EUR 0.2500 per share payable on May 05, 2026, ex-date on April 24, 2026 and record date on April 27, 2026. Announcement • Dec 19
Ilkka Oyj, Annual General Meeting, Apr 23, 2026 Ilkka Oyj, Annual General Meeting, Apr 23, 2026. Price Target Changed • Nov 30
Price target decreased by 17% to €3.75 Down from €4.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €3.70. Stock is up 19% over the past year. The company is forecast to post earnings per share of €0.18 for next year compared to €0.23 last year. New Risk • Nov 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Price Target Changed • Nov 06
Price target increased by 22% to €4.50 Up from €3.70, the current price target is provided by 1 analyst. New target price is 9.8% above last closing price of €4.10. Stock is up 34% over the past year. The company is forecast to post earnings per share of €0.18 for next year compared to €0.23 last year. Reported Earnings • Nov 04
Third quarter 2025 earnings released: EPS: €0.052 (vs €0.024 in 3Q 2024) Third quarter 2025 results: EPS: €0.052 (up from €0.024 in 3Q 2024). Revenue: €9.56m (down 22% from 3Q 2024). Net income: €1.32m (up 118% from 3Q 2024). Profit margin: 14% (up from 4.9% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Media industry in Finland are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 12
Second quarter 2025 earnings released: EPS: €0.18 (vs €0.15 in 2Q 2024) Second quarter 2025 results: EPS: €0.18 (up from €0.15 in 2Q 2024). Revenue: €10.3m (down 26% from 2Q 2024). Net income: €4.48m (up 14% from 2Q 2024). Profit margin: 44% (up from 28% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Media industry in Finland are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • May 22
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.5% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 134% Cash payout ratio: 139% Earnings are forecast to decline by an average of 0.03% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.5% net profit margin). Market cap is less than US$100m (€86.2m market cap, or US$97.3m). Announcement • May 08
Kaleva365 Oy acquired an unknown minority stake in Hilla Group Oyj from Ilkka Oyj (HLSE:ILKKA2). Kaleva365 Oy acquired an unknown minority stake in Hilla Group Oyj from Ilkka Oyj (HLSE:ILKKA2) on May 7, 2025.
Kaleva365 Oy completed the acquisition of an unknown minority stake in Hilla Group Oyj from Ilkka Oyj (HLSE:ILKKA2) on May 7, 2025. Reported Earnings • May 07
First quarter 2025 earnings released: €0.051 loss per share (vs €0.022 profit in 1Q 2024) First quarter 2025 results: €0.051 loss per share (down from €0.022 profit in 1Q 2024). Revenue: €9.99m (down 26% from 1Q 2024). Net loss: €1.30m (down 334% from profit in 1Q 2024). Revenue is expected to decline by 3.2% p.a. on average during the next 3 years, while revenues in the Media industry in Finland are expected to grow by 2.3%. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Major Estimate Revision • May 06
Consensus revenue estimates decrease by 38%, EPS upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from €61.1m to €37.9m. EPS estimate increased from €0.12 to €0.23 per share. Net income forecast to shrink 4.2% next year vs 19% growth forecast for Media industry in Finland . Consensus price target of €3.75 unchanged from last update. Share price was steady at €3.34 over the past week. New Risk • May 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €87.2m (US$98.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 213% Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€87.2m market cap, or US$98.9m). Upcoming Dividend • Apr 19
Upcoming dividend of €0.22 per share Eligible shareholders must have bought the stock before 25 April 2025. Payment date: 06 May 2025. Payout ratio is on the higher end at 94%, and the cash payout ratio is above 100%. Trailing yield: 6.1%. Lower than top quartile of Finnish dividend payers (6.2%). Higher than average of industry peers (4.5%). Declared Dividend • Mar 26
Dividend increased to €0.22 Dividend of €0.22 is 10.0% higher than last year. Ex-date: 25th April 2025 Payment date: 6th May 2025 Dividend yield will be 5.9%, which is higher than the industry average of 5.3%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) nor is it covered by cash flows (213% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 4.2% to bring the payout ratio under control, which is less than the 9.6% EPS growth achieved over the last 5 years. Announcement • Mar 25
Ilkka Oyj announces Annual dividend, payable on May 06, 2025 Ilkka Oyj announced Annual dividend of EUR 0.2200 per share payable on May 06, 2025, ex-date on April 25, 2025 and record date on April 28, 2025. New Risk • Feb 24
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 194% Dividend yield: 6.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 194% Earnings are forecast to decline by an average of 8.8% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€85.6m market cap, or US$89.6m). Reported Earnings • Feb 23
Full year 2024 earnings released: EPS: €0.23 (vs €0.19 in FY 2023) Full year 2024 results: EPS: €0.23 (up from €0.19 in FY 2023). Revenue: €54.7m (down 2.5% from FY 2023). Net income: €5.95m (up 24% from FY 2023). Profit margin: 11% (up from 8.6% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Dec 19
Ilkka Oyj, Annual General Meeting, Apr 24, 2025 Ilkka Oyj, Annual General Meeting, Apr 24, 2025. Major Estimate Revision • Dec 02
Consensus EPS estimates fall by 10%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from €53.5m to €54.1m. EPS estimate fell from €0.20 to €0.18 per share. Net income forecast to shrink 26% next year vs 14% growth forecast for Media industry in Finland . Consensus price target of €3.50 unchanged from last update. Share price was steady at €3.11 over the past week. Announcement • Nov 29
Ilkka Oyj (HLSE:ILKKA2) acquired remaining minority stake in Profinder from LeadDesk Oyj (HLSE:LEADD). Ilkka Oyj (HLSE:ILKKA2) acquired remaining minority stake in Profinder from LeadDesk Oyj (HLSE:LEADD) for approximately €2.5 million on November 29, 2024.
Ilkka Oyj (HLSE:ILKKA2) completed the acquisition of remaining minority stake in Profinder from LeadDesk Oyj (HLSE:LEADD) on November 29, 2024. New Risk • Nov 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 69% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.7% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (221% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (€80.9m market cap, or US$85.6m). Reported Earnings • Nov 06
Third quarter 2024 earnings released: EPS: €0.024 (vs €0.01 loss in 3Q 2023) Third quarter 2024 results: EPS: €0.024 (up from €0.01 loss in 3Q 2023). Revenue: €12.4m (down 12% from 3Q 2023). Net income: €603.0k (up €856.0k from 3Q 2023). Profit margin: 4.9% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. New Risk • Aug 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 77% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 104% Cash payout ratio: 111% Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€80.3m market cap, or US$88.5m). Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: €0.15 (vs €0.18 in 2Q 2023) Second quarter 2024 results: EPS: €0.15 (down from €0.18 in 2Q 2023). Revenue: €14.3m (down 6.8% from 2Q 2023). Net income: €3.94m (down 12% from 2Q 2023). Profit margin: 28% (down from 29% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Aug 11
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €0.18 to €0.20. Revenue forecast unchanged at €54.5m. Net income forecast to shrink 19% next year vs 9.3% growth forecast for Media industry in Finland . Consensus price target of €3.50 unchanged from last update. Share price was steady at €3.09 over the past week. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: €0.022 (vs €0.002 loss in 1Q 2023) First quarter 2024 results: EPS: €0.022 (up from €0.002 loss in 1Q 2023). Revenue: €13.6m (down 10.0% from 1Q 2023). Net income: €556.0k (up €609.0k from 1Q 2023). Profit margin: 4.1% (up from net loss in 1Q 2023). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. New Risk • May 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Cash payout ratio: 159% Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€81.4m market cap, or US$87.6m). Upcoming Dividend • Apr 19
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 26 April 2024. Payment date: 07 May 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.1%. Within top quartile of Finnish dividend payers (5.7%). Higher than average of industry peers (3.9%). New Risk • Feb 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 63% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Cash payout ratio: 159% Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€84.4m market cap, or US$91.4m). Reported Earnings • Feb 26
Full year 2023 earnings released: EPS: €0.19 (vs €0.028 in FY 2022) Full year 2023 results: EPS: €0.19 (up from €0.028 in FY 2022). Revenue: €56.3m (down 2.6% from FY 2022). Net income: €4.81m (up €4.09m from FY 2022). Profit margin: 8.5% (up from 1.3% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Media industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Feb 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.9% to €3.20. The fair value is estimated to be €2.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 63%. For the next 3 years, revenue is forecast to grow by 1.3% per annum. Earnings are also forecast to grow by 4.0% per annum over the same time period. New Risk • Nov 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 64% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 244% Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€81.1m market cap, or US$86.7m). Reported Earnings • Nov 08
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €14.1m (flat on 3Q 2022). Net loss: €253.0k (loss widened 5.4% from 3Q 2022). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, while revenues in the Media industry in Finland are expected to remain flat. New Risk • Aug 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 9x cash flows per share. Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€85.0m market cap, or US$92.7m). Reported Earnings • Aug 16
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €15.4m (up 5.0% from 2Q 2022). Net income: €4.47m (up €5.97m from 2Q 2022). Profit margin: 29% (up from net loss in 2Q 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Media industry in Finland. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • May 14
First quarter 2023 earnings released First quarter 2023 results: Revenue: €15.1m (up 11% from 1Q 2022). Net loss: €53.0k (down 102% from profit in 1Q 2022). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Media industry in Finland. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 21
Upcoming dividend of €0.20 per share at 5.0% yield Eligible shareholders must have bought the stock before 28 April 2023. Payment date: 09 May 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.0%. Within top quartile of Finnish dividend payers (5.0%). In line with average of industry peers (4.8%). Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: €0.028 (vs €0.26 in FY 2021) Full year 2022 results: EPS: €0.028 (down from €0.26 in FY 2021). Revenue: €58.2m (up 17% from FY 2021). Net income: €723.0k (down 89% from FY 2021). Profit margin: 1.2% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Media industry in Finland. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year. Price Target Changed • Nov 16
Price target decreased to €4.00 Down from €5.00, the current price target is provided by 1 analyst. New target price is 11% above last closing price of €3.60. Stock is down 24% over the past year. The company is forecast to post earnings per share of €0.13 for next year compared to €0.26 last year. Upcoming Dividend • Nov 01
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 08 November 2022. Payment date: 16 November 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.3%. Within top quartile of Finnish dividend payers (5.3%). Higher than average of industry peers (4.6%). Reported Earnings • Aug 10
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €14.8m (up 20% from 2Q 2021). Net loss: €1.49m (loss widened €1.42m from 2Q 2021). Over the next year, revenue is forecast to grow 4.3%, compared to a 7.0% growth forecast for the industry in Finland. Major Estimate Revision • Aug 03
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.15 to €0.13 per share. Revenue forecast steady at €56.7m. Net income forecast to shrink 41% next year vs 4.3% growth forecast for Media industry in Finland . Consensus price target down from €5.00 to €4.00. Share price fell 5.4% to €4.05 over the past week. Price Target Changed • Aug 02
Price target decreased to €4.00 Down from €5.30, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €4.02. Stock is down 20% over the past year. The company is forecast to post earnings per share of €0.15 for next year compared to €0.26 last year. Reported Earnings • May 10
First quarter 2022 earnings: Revenues in line with analyst expectations First quarter 2022 results: Revenue: €13.7m (up 19% from 1Q 2021). Net income: €2.40m (down 12% from 1Q 2021). Profit margin: 18% (down from 24% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.4%, compared to a 4.0% growth forecast for the industry in Finland. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Raimo Mäkilä was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 20
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 27 April 2022. Payment date: 05 May 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.3%. Within top quartile of Finnish dividend payers (4.4%). Higher than average of industry peers (4.3%). Major Estimate Revision • Mar 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €49.1m to €54.9m. EPS estimate unchanged from €0.19 at last update. Media industry in Finland expected to see average net income growth of 13% next year. Consensus price target of €5.00 unchanged from last update. Share price was steady at €4.53 over the past week. Reported Earnings • Feb 24
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: €0.26 (down from €0.74 in FY 2020). Revenue: €50.2m (up 9.6% from FY 2020). Net income: €6.57m (down 65% from FY 2020). Profit margin: 13% (down from 41% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 9.4%, compared to a 4.2% growth forecast for the industry in Finland. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Price Target Changed • Oct 08
Price target decreased to €5.00 Down from €5.50, the current price target is provided by 1 analyst. New target price is 7.8% above last closing price of €4.64. Stock is up 41% over the past year. Reported Earnings • Aug 10
Second quarter 2021 earnings released The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: €12.3m (up 8.7% from 2Q 2020). Net loss: €72.0k (down 102% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jun 23
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from €0.19 to €0.15. Revenue forecast unchanged from €47.9m at last update. Net income forecast to grow 26% next year vs 39% growth forecast for Media industry in Finland. Consensus price target down from €5.50 to €5.30. Share price was steady at €4.70 over the past week. Upcoming Dividend • Apr 15
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 22 April 2021. Payment date: 30 April 2021. Trailing yield: 3.7%. Within top quartile of Finnish dividend payers (3.7%). In line with average of industry peers (3.6%). Is New 90 Day High Low • Feb 20
New 90-day high: €4.91 The company is up 38% from its price of €3.57 on 20 November 2020. The Finnish market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 17% over the same period. Is New 90 Day High Low • Feb 03
New 90-day high: €4.83 The company is up 36% from its price of €3.56 on 04 November 2020. The Finnish market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 25% over the same period. Is New 90 Day High Low • Jan 13
New 90-day high: €4.56 The company is up 36% from its price of €3.36 on 14 October 2020. The Finnish market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: €3.78 The company is up 13% from its price of €3.35 on 17 September 2020. The Finnish market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 17% over the same period. Is New 90 Day High Low • Nov 03
New 90-day high: €3.55 The company is up 17% from its price of €3.04 on 04 August 2020. The Finnish market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.88 per share. Is New 90 Day High Low • Oct 13
New 90-day high: €3.39 The company is up 10.0% from its price of €3.09 on 15 July 2020. The Finnish market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.88 per share.