Alma Media > Releases > Stock exchange release > Change in the structure and composition of Alma Media’s reportable segments

Change in the structure and composition of Alma Media’s reportable segments

Alma Media Corporation  Stock exchange release  April 17, 2012 at 15:00 (EEST)

CHANGE IN THE STRUCTURE AND COMPOSITION OF ALMA MEDIA’S REPORTABLE SEGMENTS

The internal organisational structure of the Alma Media Group changed in the beginning of 2012. As of the beginning of 2012, Alma Media's reportable segments are Newspapers, Kauppalehti Group, Digital Consumer Services and Other operations.
Alma Media Group consists of six operating segments, in accordance with the table below. The operating segments that offer similar products and services are combined to reportable segments due to their uniform profitability and other characteristics.

REPORTABLE SEGMENT: OPERATING SEGMENT:
Newspapers Alma Regional Media
Iltalehti
Kauppalehti Group Kauppalehti Group
Digital Consumer Services Marketplaces
Alma Diverso
Other Operations Other operations

The new Digital Consumer Services segment consists of the former Marketplaces segment as well as of the operations of the digital consumer services previously reported in Newspapers and Other operations segments, namely Telkku.com, Kotikokki.net, Neffit.fi, Nytmatkaan.fi, Suomenyritykset.fi as well as development of the technical platform of the online services of the regional and local newspapers.
With the change in the structure and composition of the reportable segments, Alma Media has, in accordance with the IFRS 8 Operating Segments standard, adjusted the corresponding items in segment information for the comparison period 2011. The tables below summarise the impact of the changes and present revenue and operating profit by segment in accordance with the new segment composition.

 

Alma Media Corporation
Tuomas Itkonen, CFO

 

For further information, please contact:
Tuomas Itkonen, CFO, tel. +358 10 665 2244

Distribution: NASDAQ OMX Helsinki, main media

 

Alma Media in brief
Alma Media is a dynamic media company whose best-known products are Aamulehti, Iltalehti, Kauppalehti and Etuovi.com. Alma Media employs approximately 3,000 professionals. The company's net sales in 2011 totalled MEUR 316.2 with an operating margin of 13.3 per cent. Alma Media's share (ALN1V) is listed in the NASDAQ OMX Helsinki Exchange. Read more at www.almamedia.fi


REVENUE AND OPERATING PROFIT BY SEGMENT IN THE NEW SEGMENT STRUCTURE
 
           
2011          
           
REVENUE BY SEGMENT, New Former      
MEUR structure structure Change    
Newspapers          
  External 214.1 217.3 -3.2    
  Inter-segments 4.3 4.2 0.1    
Newspapers total  218.3 221.5 -3.1    
           
Kauppalehti Group          
  External 55.9 55.9 0    
  Inter-segments 0.8 0.8 0    
Kauppalehti Group total  56.7 56.7 0    
           
Digital Consumer Services          
  External 40.7 37.5 3.2    
  Inter-segments 1.4 -0.5 1.9    
Digital Consumer Services total 42.1 37 5.2    
           
Other Operations          
  External 5.6 5.6 -0.1    
  Inter-segments 73.9 75.9 -2    
Other Operations total 79.5 81.5 -2    
           
Elimination -80.4 -80.4 0    
Total 316.2 316.2 0    
           
           
OPERATING PROFIT/LOSS BY SEGMENT*, MEUR New Former      
structure structure Change    
  Newspapers 29.7 30.2 -0.4    
  Kauppalehti Group 7.4 7.4 0    
  Digital Consumer Services 6.4 5.8 0.6    
  Other operations -1.6 -1.4 -0.2    
Total 42 42 0    
*) incl. non-recurring items          

                                                                                                                                                                                   



REVENUE AND OPERATING PROFIT BY SEGMENT
IN THE NEW SEGMENT STRUCTURE
2011          
           
REVENUE BY SEGMENT, 2011 2011 2011 2011 2011
MEUR Q1 Q2 Q3 Q4 Q1-Q4
  Newspapers          
  External 52 56 51.4 54.6 214.1
  Inter-segments 1 1.1 1 1.1 4.3
Newspapers total  53 57.1 52.5 55.8 218.3
           
Kauppalehti Group          
  External 13.7 14.8 12.4 15 55.9
  Inter-segments 0.2 0.2 0.2 0.2 0.8
Kauppalehti Group total  13.9 15 12.6 15.2 56.7
           
Digital Consumer Services          
  External 10 10.6 9.9 10.2 40.7
  Inter-segments 0.4 0.3 0.4 0.3 1.4
Digital Consumer Services total 10.4 10.9 10.3 10.5 42.1
           
Other Operations          
  External 1.4 1.3 1.3 1.5 5.6
  Inter-segments 17.7 18.8 18.7 18.7 73.9
Other Operations total 19.1 20.2 20.1 20.2 79.5
           
Elimination -19.3 -20.4 -20.3 -20.4 -80.4
Total 77.1 82.7 75.1 81.3 316.2
           
           
OPERATING PROFIT/LOSS BY SEGMENT*, MEUR 2011 2011 2011 2011 2011
Q1 Q2 Q3 Q4 Q1-Q4
  Newspapers 6 9 7 7.8 29.7
  Kauppalehti Group 1.2 2 2 2.2 7.4
  Digital Consumer Services 1.8 1.8 1.9 0.9 6.4
  Other operations -0.1 -1.7 1.7 -1.5 -1.6
Total 9 11 12.4 9.6 42
*) incl. non-recurring items          
           
           

 

  • Published: 17.4.2012, 17:00
  • Category: Releases, Stock exchange release

Share article