Finnish media and marketing company Ilkka has issued a profit warning, downgrading its full-year 2026 financial outlook.

The group now expects revenue to remain flat compared to the previous year, while adjusted operating profit is projected to decline.

The company cited persistent market uncertainty as the primary driver behind the weakened guidance.

The downgrade signals a challenging environment for Nordic media firms, where advertising spend remains sensitive to macroeconomic volatility.

Ilkka’s revised outlook suggests that the anticipated recovery in marketing budgets has stalled, forcing the company to manage expectations for the remainder of the fiscal year.

Investors will likely scrutinize the margin compression, as flat top-line growth combined with lower profitability indicates structural pressure on the business model.