Alma Media's financial year 2011: Revenue will grow, operating profit will remain below earlier estimates

Alma Media Corporation  Stock Exchange Release  13.1.2012 at 16.05 EET

ALMA MEDIA'S FINANCIAL YEAR 2011: REVENUE WILL GROW, OPERATING PROFIT WILL REMAIN BELOW EARLIER ESTIMATES

Alma Media estimates that its revenue from financial year 2011 will grow but its operating profit excluding non-recurring items will remain below the previous year's level. The company reduces the estimate concerning its operating profit excluding non-recurring items due to the additional costs booked on December and the weaker than expected circulation and advertising sales in December of 2011.

Earlier, Alma Media has expected its revenue and operating profit excluding non-recurring items to increase from the 2010 level. Alma Media's revenue in 2010 was MEUR 311.4, operating profit excluding non-recurring items MEUR 43.9 and operating profit MEUR 43.4.

Alma Media will publish its financial statement release for financial year 2011 on Wednesday February 15, 2012.

ALMA MEDIA CORPORATION
Rauno Heinonen
Vice President, Corporate Communications and IR

Distribution: NASDAQ OMX Helsinki Stock Exchange, principal media

For further information, please contact:

Tuomas Itkonen, CFO, Alma Media Corporation, tel. +358 10 665 2244

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 2,800 professionals. The company's net sales in 2010 totalled MEUR 311.4 with an operating margin of 13.9 per cent. Alma Media's share (ALN1V) is listed in the NASDAQ OMX Helsinki Exchange. Read more at www.almamedia.fi.

  • Date: 13.1.2012, 17:05
  • News type: Stock exchange release

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