Alma Media sells Alprint Hyvinkää printing operation
ALMA MEDIA CORPORATION STOCK EXCHANGE RELEASE 1 DEC 2003, 15.00 ALMA MEDIA SELLS ALPRINT HYVINKÄÄ PRINTING OPERATION Alma Media will sell the printing operations of its Hyvinkää printing plant to an entrepreneurial group primarily made up of the plant's key employees. A memorandum of intent has been signed on the deal, which is scheduled to be closed on 30 December 2003. The divestment will have no impact on Alma Media's result for the current year. Alma Media has agreed to sell the Alprint Hyvinkää printing plant, part of Alma Medias Media Services division, to a group of entrepreneurs mainly comprising key employees of the plant. The Hyvinkää plant, which specializes in comics and puzzle books, has annual net sales of approximately EUR 8 million and exports roughly 90 % of its production volume. The unit has about 60 full- time and 10 part-time employees. The divestment will have no impact on Alma Medias result for the current year. ALMA MEDIA CORPORATION Ahti Martikainen Vice President, Corporation Communications and IR DISTRIBUTION: Helsinki Exchanges, principal media Alma Media is a leading Finnish media corporation. Its core businesses are newspaper publishing and printing, the publishing and distributing of financial information, television and radio broadcasting, and supporting media services. Alma Media publishes more than thirty newspapers which have an estimated total of more than two million readers. The Groups subscribed newspapers have an aggregate circulation of approximately 600,000 copies. Alma Medias television channels reach 3.3 million Finns daily, or 72 % of all television viewers in the country. Roughly three-quarters of the Groups revenue comes from media sales and the remainder from newspaper circulation income and charges for various media services. Alma Media products account for some 28 % of all media expenditure in Finland. The Groups net sales in 2002 totalled EUR 486 million. Its shares are traded on the Helsinki Exchanges: the trading code of the Series I share is ALM1V and of the Series II share ALM2V.
- Date: 1.12.2003, 15:00
- News type: Stock exchange release
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