May 2026
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Largest Publishing Public Companies in Finland
Benchmark revenue and EBITDA valuation multiples for public comps like
Sanoma, Alma Media, Ilkka, Keskisuomalainen and Rebl Group.
 | Sanoma Oyj is a learning and media company. The group publishes magazines and newspapers along with educational learning literature and services. It operates in two segments: Learning and Media Finland. Sanoma's learning products and services enable teachers to develop the talents of every child to reach their full potential. The company offers printed and digital learning content as well as digital learning and teaching platforms for primary, secondary and vocational education. The Finnish media business of Sanoma provides information, experiences, inspiration, and entertainment via multiple media platforms: newspapers, radio, television, events, magazines, online, and mobile channels. The company's publications include Helsingin Sanomat, IltaSanomat among others. | $11 | -3% | $2B | $2B | 1.2x | 4.3x | ||
| Alma Media Oyj is a media and service company focusing on digital services and publishing. In addition to news content, the Group's products provide useful information related to lifestyle, career, and business development. The business segments include Alma Career, Alma Marketplaces, and Alma News Media. It generates maximum revenue from the Alma Career segment. The group's business is mainly divided into two geographical areas, Finland from where it earns the majority of its revenue, and the rest of Europe. | $16 | +14% | $1B | $1B | 3.7x | 12.1x | ||
| Ilkka Oyj consists of two business areas: marketing and technology services and media services. Marketing and technology services consist of companies that specialize in digital sales, marketing and communication services and the technologies that support these. Media services consist of provincial, local and city media that offer content and services to consumer and business customers. Ilkka's main market area is Finland, but in terms of technology services, it also operates internationally through Liana Technologies and Ungapped in Sweden, and elsewhere in Europe, the Middle East and Asia. | $5 | +32% | $131M | $115M | — | — | ||
| Keskisuomalainen Oyj is engaged in publishing print and online newspapers and magazines in Finland. It also provides printing services for magazines, newspapers, direct mail products, attachments, brochures, posters, and books. The company also offers marketing and communications solutions; digital content production solutions, as well as digital media; and research services. | $11 | +41% | $121M | $185M | 0.7x | 5.8x | ||
| Rebl Group Oyj formerly PunaMusta Media Oyj is a Finland based company involved in the printing business. It business consists of magazine, newspaper and digital printing, large format printing and printing of various promotional products.The company's expertise also includes magazine announcements, page making, banners and other graphic design work. | $1 | -30% | $15M | $34M | 0.3x | 3.3x | ||
| Median | $11 | +14% | $131M | $185M | 1.0x | 5.0x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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