Here is Arttu’s equity research preview, as Keskisuomalainen publishes its H2 results on Thursday. 
Earnings continue to rise briskly, supported by volume growth and improved efficiency. We estimate the company will increase its dividend. Guidance may point to a declining earnings trend due to a strong comparison period. We reiterate our Accumulate rating due to an attractive risk/reward ratio. The target price rises to 11 euros (prev. 9e) driven by estimate changes.