Alma Media’s second quarter operating profit to be slightly below the corresponding period

Alma Media Corporation         Stock Exchange Release       July 9, 2010, at 14.30 (EEST)

 

 

ALMA MEDIA’S SECOND QUARTER OPERATING PROFIT TO BE SLIGHTLY BELOW THE CORRESPONDING PERIOD

 

Alma Media’s comparable operating profit for the second quarter will be slightly below the level of the corresponding period (Q2/2009: 12.2 MEUR), against the company’s previous outlook statement. Reasons behind this are weaker than estimated growth in net sales and the aggregate cost development.  The aggregate cost development was partly affected by an ICT expenditure booked for the period but partly caused during previous periods.

 

At the end of April Alma Media estimated that its second quarter comparable net sales and operating profit were expected to be close to the previous year’s level. Alma Media will publish its second quarter interim report on 22^nd July 2010 at 9 am EEST.

 

ALMA MEDIA CORPORATION
Tuomas Itkonen, CFO

 

 

For more information please contact:
Tuomas Itkonen, CFO, tel. +358 50 381 0875

 

 

Alma Media in brief
Alma Media is a profitable and internationally expanding company with a focus on the future of newspapers and online services. Its best known products are the Aamulehti, Iltalehti, Kauppalehti and Etuovi.com.

 

Alma Media’s net sales in 2009 totalled MEUR 307.8 with an operating margin of 13.5 per cent. The company’s share (ALN1V) is listed in the NASDAX OMX Helsinki Exchange. Read more at www.almamedia.fi

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