OPERATIONAL PROFITABILITY IMPROVED IN APRIL-JUNE
ALMA MEDIA CORP. STOCK EXCH. RELEASE 15.8.2002, 9.00 AM 1/11 OPERATIONAL PROFITABILITY IMPROVED IN APRIL-JUNE The Groups operational profitability improved between April and June with respect to both the first quarter this year and the same period last year. The second-quarter operating profit was 10.3 MEUR (4-6/2001: 10.1 MEUR). Last years figure included a 10 MEUR capital gain on the sale of real estate. The Groups full-year result of operations is expected to be positive. - All divisions reported improvements in operational EBIT during the second quarter. The comparable improvement in operating profit was 16 MEUR. - Group expenses were 11.6 MEUR (9 %) lower in the second quarter compared to the same period last year. - Television advertising grew faster than other media advertising and MTV3 channel gained market share. The Broadcasting division showed a second-quarter operating profit of 0.5 MEUR despite increased spending on digital TV and TV4 AB's lower profit contribution. - Alma Media is expected to report an operating profit for the full year. Alma Medias net sales increased 2 % during the second quarter to 128.3 (125.6) MEUR mainly as a result of growth in advertising sales by the Broadcasting division. Alma Medias operating profit totalled 10.3 (10.1) MEUR. This marked a particularly strong improvement in operational profitability (operational EBIT as percentage of net sales) since the same figure last year included a 10 MEUR capital gain on property sales as well as a 4,2 MEUR higher profit contribution from associated companies. Furthermore, investments in digital television during the second quarter of the current year were 1.7 MEUR higher than last year. Consolidated net sales between January and June were at last years level. The six-month operating profit almost tripled to 6.9 (2.5) MEUR. "Our second-quarter performance and success in making cash flow from operations clearly positive were a satisfactory achievement given the difficult market conditions. Bearing in mind the gain on property sales last year, the weakened results of the associated companies and the increase in digital television costs, we achieved an improvement in operating profit of approximately 16 MEUR in comparable terms. Particularly worth highlighting are the performance improvements reported by Alpress and Interactive, and the increase in sales of television advertising," noted President and CEO Juho Lipsanen. "Alprint likewise showed a clear improvement in profitability compared to the same period last year". "The major uncertainty factors at the moment relate to the delayed recovery of the Finnish economy, which without doubt will affect the Groups advertising income. Alma Medias costs will be reduced substantially during the second half of the year due, among other things, to the halving of the operating licence fee and to a 2/11 reduction in digital TV costs. We expect the full-year result of operations to be positive," Mr Lipsanen stated. Key figures (MEUR) 2002 2001 2002 2001 2001 4-6 4-6 1-6 1-6 1-12 Net sales 128.3 125.6 245.3 245.2 478.3 Operating expenses -117.2 -128.8 -235.7 -256.6-508.5 Operating profit 10.3 10.1 6.9 2.5 -19.4 Net profit 6.5 7.7 0.7 -1.3 -24.1 Earnings per share (EUR) 0.42 0.48 0.06 -0.05 -1.43 Return on equity (ROE), % 0.7 -0.3 -12.0 Return on investment (ROI), % 2.1 1.2 -5.1 Equity ratio, end of period, % 37.9 42.2 37.0 Gearing, end of period, % 103.4 85.9 112.3 ALMA MEDIAS INTERIM REPORT JANUARY JUNE 2002 Second-quarter performance The trend in media advertising reversed during the second quarter with total advertising volume growing 1.0 %, driven mainly by television and radio advertising. Television advertising increased 3.7 % and radio advertising by as much as 17.5 % between April and June compared to the second quarter of 2001. Newspaper advertising decreased 1.3 %. Job recruitment and B-to-B advertising fell particularly sharply, which had a negative impact on Kauppalehtis and Alma Media Interactives advertising revenues. The afternoon newspaper markets declined during the second quarter. Conditions in the Finnish printing industry remained unchanged but profitability improved following a reduction in paper prices, the strengthening of the Swedish krona and greater activity in the Russian market. Second-quarter net sales totalled 128.3 (125.6) MEUR. The increase was the result of higher advertising sales by the Broadcasting division. Alma Medias operational profitability improved in the April-June period compared to both the first quarter this year and to the second quarter in 2001. The consolidated operating profit was 10.3 (10.1) MEUR. The Q2/2001 operating profit included a capital gain of 10 MEUR on the divestment of certain properties. Associated companies contributed 1.7 (+2.5) MEUR to the operating profit in the second quarter. Investments in digital television were 1.7 MEUR higher than one year earlier. The main factors contributing to the positive development in operating profit were substantial profitability improvements reported by Interactive and Alprint, Broadcastings increase in advertising sales, and Alpresss outstanding performance in difficult market conditions. Group´s operating expenses in the second quarter were 11.6 MEUR, 9 % lower than one year earlier. January-June performance Consolidated net sales between January and June were on a par with last years level. The six-month operating profit increased to 6.9 (2.5) MEUR due to the improvement in operational profitability. 3/11 Alpress Alpress is the Alma Media division responsible for newspaper publishing and newspaper printing. Alpress publishes the national newspaper Iltalehti, the daily regional newspapers Aamulehti, Satakunnan Kansa, Lapin Kansa, Pohjolan Sanomat and Kainuun Sanomat, and 25 local and town papers. Alpress raised operational efficiency during the second quarter. Net sales decreased from 53.8 MEUR to 52.7 MEUR but the operating profit rose 29 % from 7.2 MEUR to 9.3 MEUR. Media advertising between January and June declined 2.1 % compared to 2001. Newspaper advertising fell 4.3 %. The free sheets increased their advertising sales but daily newspaper advertising revenues were down by 5.2 % on average. Media advertising recovered somewhat towards the end of the period. Newspaper advertising income was 1.9 % higher in June than one year earlier. The Alpress newspapers were slightly more successful than the industry average with advertising revenues declining 4.5 % between January and June. Alpresss circulation revenues increased in all the regional newspapers and Iltalehti. Afternoon newspaper circulations showed a four percent decline from the start of the year. Iltalehti achieved a further increase in market share during the first six months of the year. Alpress divisions net sales fell 2.6 % between January and June to 102.4 (105.2) MEUR. Circulation revenue increased 3.6 % but advertising sales were down 4.5 % and other sales 17.2 % likewise. The main reason for the latter decrease was a deliberate reduction in contract sales by the Pori printing works. Alpresss total expenses were 5.5 % lower than one year earlier. Material costs were decreased by reductions in paper prices, the decrease in contract printing sales and a reduction in pages in Alpresss own newspapers. Another major reason behind the reduction in costs was the cost- cutting programme initiated at the start of the year. Hence Alpresss operating profit rose 21 % compared to 2001 despite the shortfall in advertising sales. The operating profit was 14.8 (12.2) MEUR. In March Alpress accepted a sales offer raising Alma Medias holding in Lapin Kansa to 93.7 %. Alpress subsidiaries Lapin Kansa Oy, Pohjolan Sanomat Oy and Kainuun Sanomat Oy were merged at the operational level into a single business group called Pohjoiset lehdet during the period. Mr Juha Ruotsalainen, managing director of Kainuun Sanomat Oy, was appointed to head the new group with effect from 1 August 2002. At the same time he was named managing director of Lapin Kansa Oy after Heikki Ollila started semi-retirement. Business Information Group Business Information Group (BIG) is the Alma Media division responsible for producing and distributing business information. It consists of Kauppalehti, Baltic News Service, Balance 4/11 Consulting Oy, Starfunds Finland Oy set up in March 2002 to provide rating services, and Efektor Oy, a business training consultancy acquired in June 2002. Starfunds Finland Oy and Efektor Oy are 51 %-owned by Kauppalehti. Balance Consulting Oy, Starfunds Finland Oy and Efektor Oy form a business group within BIG that concentrates on providing business training courses, and on producing and commercializing financial analyses. BIG is also responsible for collaboration with Talentum Oyj, which is 32.8 %-owned by Alma Media. Talentums net sales totalled 60.1 (61.5) MEUR in the reporting period and it recorded an operating profit of 0.1 (0.3) MEUR. The first six months of the year were difficult for business newspapers. Compared to the previous year, B-to-B advertising fell by almost a quarter, which reduced Kauppalehtis advertising revenue by 13 %. Especially heavy cuts in advertising expenditure were made by the IT sector, telecommunications companies and the finance sector. Kauppalehti was more successful than other business newspapers in the market and increased market share in advertising sales. The economic slump was also visible in circulation revenues, which were 2 % down on the same period last year. Kauppalehti Onlines net sales reached last years level, 1.4 MEUR. The number of weekly online users rose 7 %, totalling 73,000 on average between January and May. BIGs second quarter net sales were 11.5 (10.9) MEUR. Operating profit was 1.6 (1.7) MEUR. Talentum Oyjs profit contribution to BIGs second quarters operating profit was 1.0 (-0.5) MEUR. Kauppalehtis operating profit was 0.4 MEUR higher than in the comparable period. BIGs January-June net sales amounted to 22.4 (22.2) MEUR and the operating profit was 2.6 (4.1) MEUR. The increase in net sales resulted from Baltic News Service, which was consolidated as an Alma Media subsidiary after the comparable period last year. Talentum Oyj has been associated company of Alma Media Oyj since April 2001. Broadcasting The Broadcasting division is responsible for television and radio broadcasting operations. It comprises MTV Oy, which is responsible for MTV3 Channel and the Subtv cable channel, as well as Radio Nova (Suomen Uutisradio Oy) and MTV3-Tele Oy. Broadcastings result includes its 23.4 % contribution from TV4 AB in Sweden less goodwill amortization. Its digital television operations consist of the digital MTV3 and Subtv stations, 50 % of the digital sports channel Urheilukanava, and digital television development. The broadcasted media continued to increase market share during the second quarter according to Ad Facts Ltd. Between April and June TV advertising in Finland rose 3.7 % and radio advertising 17.4 %. Between January and June TV advertising rose 2.4 % and radio advertising 14.6 % compared to the first six months of 2001 even though total media advertising decreased by 2.1 %. In Alma Medias Broadcasting division second-quarter TV advertising sales grew 6.5 % and radio advertising sales 30.0 % compared to the same period last year. The same figures for the January-June period were 4.5 % and 22.0 % respectively. 5/11 Television viewing time averaged 2 hours 59 minutes a day between January and June, which was 8 minutes more than one year earlier. MTV3s and Subtvs aggregate share of total prime time viewing (6.00 pm to 11.00 pm) reached 42.5 % among 10-44 year olds and 38.4 % among the total Finnish population. MTV3s and Subtvs share of total prime time viewing increased 6 % in the 10-44 year old segment. Broadcastings operational profitability improved clearly in the second quarter. The divisions Q2 net sales totalled 47.2 (44.4) MEUR, up 6.3 % on the previous year. Advertising sales accounted for 44.5 (41.1) MEUR of total net sales, an increase of 8.3 %. Broadcasting recorded an operating profit of 0.5 (-0.1) MEUR in the second quarter. Digital television showed an operating loss of 2.6 (0.9) MEUR, but analogue broadcasting an operating profit of 3.1 (-2.3) MEUR excluding the Swedish TV4 ABs profit contribution, which in the second quarter amounted to 0.0 (3.1) MEUR. Broadcastings net sales in the first six months of the year totalled 88.1 (84.1) MEUR, representing growth on the previous year of 4.8 %. Advertising sales amounted to 82.3 (78.0) MEUR of net sales, an increase of 5.5 %. Broadcasting showed a six-month operating loss of 7.6 (7.9) MEUR. This year the operating loss was increased in particular by expenditure on digital television and by the Swedish TV4 ABs contribution after goodwill amortization. In digital televisions case the increase was 4.8 (1.4) MEUR while TV4 ABs contribution was a loss of 1.2 MEUR. Last year TV4 AB contributed an operating profit of 2.2 MEUR, nor did the company pay any operating licence fee during the first six months. Excluding the impact of TV4 AB, Broadcastings operational EBIT from analogue broadcasting was 1.6 (8.8) MEUR. The reduction in operating loss was the result both of the increase in net sales and of lower costs. MTV3 Channels six-month net sales were 80.4 (76.8) MEUR, an increase of 4.7 %. Subtvs net sales were 1.2 (0.6) MEUR. Radio Novas net sales increased 22 % and totalled 6.4 (5.2) MEUR. MTV3- Teles net sales amounted to 1.8 (2.1) MEUR. Urheilukanava (Sports Channel) was available to 750,000 households during the second quarter, representing 1.6 million potential viewers. The channel was watched by approximately 200,000 viewers every week. Radio Novas number of listeners continued to increase, according to the results of the national radio survey for March-May 2002. The station had 1,833,000 weekly listeners, which represented growth of almost 10 % on the same period last year. First-stage amendments to legislation governing the media communication markets in Finland were endorsed in June. The amendments mean that the operating licence fee levied on MTV has been halved with effect from July 2002, which will generate savings this year of approximately 7 MEUR. Under the amendments no digital television channels will be charged an operating licence fee during the first licence period, i.e. until 31 August 2010. The operating licence fee levied on commercial radio channels was waived altogether. 6/11 MTV Oy and SWelcom Oy, the largest owners of Suomen Urheilutelevisio Oy (Finlands Sports Television Ltd), signed a Memorandum of Understanding with Avanti Broadcasting Oy in June under which MTV Oy will sell 30.1 % and SWelcom Oy 15.1 % of the share capital of Suomen Urheilutelevisio Oy. After the deal MTV and SWelcom will each have a 19.9 % holding in the company with Avanti Broadcasting Oy owning 45.2 %, Oy Veikkaus Ab 10.0 %, Suomen Liikunta ja Urheilu (SLU) 4.0 % and Suomen Hippos ry 1.0 %. The final agreements will be signed by the end of August. Alma Media Interactive Alma Media Interactive is the largest Internet services provider in Finland in terms of number of users. During the current year Alma Media Interactives operations have comprised MTV3 Interactive, which exploits the MTV3 brand, as well as Alma Medias Classified Services, Other Content Services and Support Services. This business area's strategy was redefined in more detail during 2001 and since then Interactive has concentrated only on business activities considered able to generate an operating profit during 2002. This has meant the termination of several operations. Sales during the second quarter of the year are normally clearly higher than in the first quarter. This year, however, Q2/2002 sales remained at the level in the first quarter of the year and in the second quarter of 2001, the main reasons being a slump in recruitment advertising and slower than forecast growth in ISP (Internet Service Provider) and advertising sales. Comparable growth in second-quarter net sales in 2001 was 18 %. Net sales in Q2/2002 was 4.5 MEUR and the operating loss was 0.1 MEUR (operating loss 3.8 MEUR). MTV3 Interactive consists of mtv3.fi, which gains its income from advertising sales, MTV3 Teletext, MTV3 connection services and MTV3 Internet/mobile, which provides logos, ringing tones and other mobile services. Between January and June mtv3.fis advertising revenues increased by 14 %. mtv3.fi also started content sales to other portals as well as MMS collaboration with Sonera and Nokia. MTV Teletexts income remained unchanged but MTV3 ISP had more than 233,000 customers at the end of June. Net sales of MTV3 Interactive in the January-June period totalled 3.6 (2.5) MEUR. Under Classified Services, etuovi.com (real estate), Asuntopörssi (residential) and autotalli.com (vehicles) all developed favourably. Net sales of the Jobline recruitment service fell 46 % between January and June. The aggregate net sales from classified services totalled 3.7 (4.1) MEUR. The aggregate net sales of Other Content Services (tilt.tv, ruokala.tv, MobileActive) was 1.3 (0.3) MEUR. Between January and June Alma Media Interactives net sales totalled 9.0 (8.6) MEUR. Net sales in the comparable period included 1.5 MEUR in net sales from operations subsequently discontinued. The operating loss in the reporting period was 0.1 MEUR (operating loss 7.5 MEUR). 7/11 Alprint Alma Medias Alprint division provides contract printing services. Alprint's printing plants are the Rahola plant in Tampere, specializing in magazines and sales promotional products, and the Hyvinkää printing works, which focuses on comics and puzzle books. The comparable period also included the contract sales of Alpresss newspaper printing plants, totalling 6.7 MEUR, and 2.2 MEUR in net sales of the Sarankulma printing plant sold in June 2001. Market conditions remained unchanged in Finland as almost no new capacity was introduced. Lower paper prices and a stronger Swedish krona supported measures to raise profitability during the reporting period. Demand for graphic products in the Russian market continued to rise. Alprints Q2/2002 net sales totalled 15.3 (18.3) MEUR and the division reported an operating loss of 0.4 MEUR (operating loss 2.8 MEUR). Alprints net sales between January and June totalled 30.0 (38.4) MEUR. Comparable net sales, after eliminating contract sales and net sales of the Sarankulma plant, rose slightly less than 2 %. The January-June operating loss was reduced from 4.5 MEUR to 1.4 MEUR due to streamlining measures. Parent company Significant efficiency enhancing measures were taken in the parent company during the reporting period. The number of employees in the parent company was reduced by more than 26 % to 53, partly for this reason. Alma Medias real estate function is the responsibility of the parent company. Last years comparable figures include a capital gain of 10 MEUR on property divestments. The parent companys net sales between January and June were at last years level, 7.8 (8.1) MEUR. Net sales included rental income of 5.0 (4.9) MEUR, of which 1.8 (1.0) MEUR was derived from outside the Group. The operating loss was 1.9 MEUR (operating profit 4.7 MEUR). Balance sheet The consolidated balance sheet totalled 442.9 MEUR at the end of June (453.4 MEUR on 31 December 2001). The equity ratio at the end of June was 38 % (37 % on 31 December 2001) and shareholders equity per share was 10.12 EUR (10.26 EUR on 31 December 2001). Investments and financing The Group continued to pursue a cautious investment policy during the second quarter. Capital expenditure between January and June amounted to 8.7 (75.6) MEUR. The largest single investments were the 3.1 MEUR acquisition of shares in Lapin Kansa Oy in April and the acquisition of Efektor Oy in June. Capital expenditure in the comparable period included an approx. 60 MEUR investment in Talentum Oyj shares. 8/11 Cash reserves were 19.0 MEUR at the end of June (19.2 MEUR on 31 December 2001). Interest-bearing debt totalled 183.5 MEUR (200.5 MEUR on 31 December 2001) and gearing was 103 % (112 % on 31 December 2001). Personnel and administration The average number of employees during the reporting period was 2,659 (2,813). In addition personnel also included 1,409 (1,342) part-time employees on average. BIGs personnel increase, the addition of 162 employees, was attributable to the inclusion of Baltic News Service in the Group after the comparable period. Eliminating this factor, the Groups average full-time personnel decreased by over 10 % compared to the previous year. The Alma Media share Altogether 19,000 (616,000) Series I shares and 747,000 (1,517,000) Series II shares, as well as 4,000 A warrants, were traded on the Helsinki Exchanges during the period. Alma Media Corporations market capitalization at the end of June was 312 (348) MEUR. Share price (EUR) January-June 2002: Highest Lowest 28 June 2002 Series I 22.50 18.25 19.61 Series II 23.24 16.60 20.00 A warrant 5.00 3.75 3.75 As decided by the Annual General Meeting on 24 March 1999, the company offered bonds with warrants to personnel totalling 1,220,000 Finnish markka. The attached warrants may be exercised to subscribe for at most 610,000 Alma Media Corporation Series II shares. The subscription period for the A warrants began on 28 May 2001 and for the B warrants it begins on 28 May 2003. In both cases the subscription period ends on 30 June 2006. The Board of Directors has no unexercised authorizations to raise the share capital. Dividend The Annual General Meeting on 19 March 2002 approved a dividend of 0.20 EUR on each share series. The dividend payment date was 2 April 2002. A total dividend of 3.1 MEUR was paid. Prospects to the year end Since the Finnish economy is expected to recover more slowly than previously forecast, Alma Medias primary objective is to improve profitability by raising efficiency and cutting costs. The Groups costs in the first six months of the year were already 21 MEUR lower than one year earlier. The Group will continue to pursue the same policy, supporting positive cash flow, during the latter half of the year. According to current estimates, Alpress and BIG will achieve the same level of operating profit as last year and the other divisions will show a clear improvement in profitability. 9/11 Despite for the seasonal reasons weak Q3, the full-year result of operations is expected to be positive. Alma Media will publish its nine-month interim report on 5 November 2002. The figures in this interim report are unaudited. CONSOLIDATED INCOME STATEMENT (MEUR) 2002 2001 2002 2001 2001 4-6 4-6 1-6 1-6 1-12 NET SALES 128.3 125.6 245.3 245.2 478.3 Share of associated companies results -1.7 2.5 -4.1 1.8 -3.8 Other operating income 0.9 10.8 1.4 12.1 14.6 Operating expenses -117.2 -128.8 -235.7 -256.6-508.5 OPERATING PROFIT / LOSS 10.3 10.1 6.9 2.5 -19.4 Financial income and expenses -1.8 -2.1 -3.6 -2.5 -7.2 PROFIT / LOSS BEFORE EXTRAORDINARY ITEMS 8.5 8.0 3.3 0.0 -26.6 Extraordinary income 0.0 0.0 0.0 0.0 0.0 Extraordinary expenses 0.1 0.0 -0.1 -0.5 -2.2 PROFIT / LOSS BEFORE TAXES AND MINORITY INTEREST 8.6 8.0 3.2 -0.5 -28.8 Taxes *) -1.9 -0.1 -2.1 -0.5 5.2 Minority interest -0.2 -0.2 -0.4 -0.3 -0.5 NET PROFIT / LOSS 6.5 7.7 0.7 -1.3 -24.1 *)Taxes include taxes corresponding to the result for the period CONSOLIDATED BALANCE SHEET (MEUR)2002 2001 2001 30 June 30 June 31 Dec. ASSETS FIXED ASSETS Intangible assets 19.9 20.6 20.5 Goodwill on consolidation 18.9 17.5 18.8 Tangible assets 121.9 133.6 129.7 Investments 161.2 175.4 168.0 CURRENT ASSETS Inventories 54.7 50.3 52.8 Receivables 47.3 47.4 44.4 Cash and bank 19.0 19.5 19.2 442.9 464.3 453.4 CONSOLIDATED BALANCE SHEET (MEUR)2002 2001 2001 30 June 30 June 31 Dec. SHAREHOLDERS EQUITY AND LIABILITIES SHAREHOLDERS EQUITY 159.1 184.8 161.5 MINORITY INTEREST 1.0 2.4 2.8 PROVISIONS 2.8 1.5 3.3 LIABILITIES Long-term 125.8 95.2 138.2 Short-term 154.2 180.4 147.6 442.9 464.3 453.4 CAPITAL EXPENDITURE (MEUR) 2002 2001 2002 2001 2001 4-6 4-6 1-6 1-6 1-12 Gross capital expenditure on fixed assets 5.9 8.2 8.7 75.6 94.4 10/11 GROUP CONTINGENT LIABILITIES (MEUR) 2002 2001 2001 30 June 30 June 31 Dec. For own commitments Pledges 0.8 0.2 0.7 Mortgages on land and buildings 7.6 9.8 9.8 Chattel mortgages 5.6 5.6 5.6 Other own commitments Leasing commitments 1.2 1.2 1.3 Other commitments 1.6 1.8 1.6 Total 16.8 18.6 19.0 Maturity of Groups leasing payments (MEUR) Between 1 July and 31 December 2002 0.4 0.3 0.7 After 2002 0.8 0.9 0.6 Most of the Group's companies operated in leased business premises. The rental agreements vary in duration from six months to 20 years. Annual rental payments currently total approx. 7.6 MEUR. Some of these business premises have been sub-let and contribute approx. 1.7 MEUR in income. NET SALES BY DIVISION (MEUR) 2002 2001 2002 2001 2001 4-6 4-6 1-6 1-6 1-12 Alpress 52.7 53.8 102.4 105.2 207.9 Business Information Group 11.5 10.9 22.4 22.2 44.0 Broadcasting 47.2 44.4 88.1 84.1 162.6 Interactive 4.5 4.5 9.0 8.6 15.7 Alprint 15.3 18.3 30.0 38.4 73.1 Parent company 4.0 4.1 7.8 8.1 16.3 Intragroup sales -6.9 -10.4 -14.4 -21.4 -41.3 Total 128.3 125.6 245.3 245.2 478.3 OPERATING PROFIT / LOSS BY DIVISION (MEUR) 2002 2001 2002 2001 2001 4-6 4-6 1-6 1-6 1-12 Alpress 9.3 7.2 14.8 12.2 22.6 Business Information Group 1.6 1.7 2.6 4.1 4.9 Broadcasting 0.5 -0.1 -7.6 -7.9 -23.4 Interactive -0.1 -3.8 -0.1 -7.5 -14.3 Alprint -0.4 -2.8 -1.4 -4.5 -7.2 Parent company -0.6 7.8 -1.9 4.7 -2.7 Group entries 0.0 0.1 0.5 1.4 0.7 Total 10.3 10.1 6.9 2.5 -19.4 PERSONNEL ON AVERAGE BY DIVISION 2002 2001 2001 1-6 1-6 1-12 Alpress 1,227 1,239 1,242 Business Information Group 357 190 270 Broadcasting 494 571 550 Interactive 133 198 183 Alprint 395 543 501 Parent company 53 72 71 Total 2,659 2,813 2,817 Plus part-time employees 1,409 1,342 1,343 11/11 PER SHARE DATA (EUR) 2002 2001 2002 2001 2001 4-6 4-6 1-6 1-6 1-12 Earnings per share (EPS) 0.42 0.48 0.06 -0.05 -1.43 Shareholders equity per share 10.12 11.75 10.26 Net sales and operating profit / loss by quarter (MEUR): I/2001 II/2001 III/2001 IV/2001 2001 Net sales 119.6 125.6 108.0 125.1 478.3 Operating profit / loss -7.6 10.1 -5.7 -16.2 -19.4 I/2002 II/2002 Net sales 117.0 128.3 Operating profit / loss -3.4 10.3 ALMA MEDIA CORPORATION Ahti Martikainen, Vice President, Communications and IR Further information: Juho Lipsanen, President and CEO, tel. +358 (0)9 507 8715, Ritva Sallinen, Senior Vice President, Finance and Administration, tel. +358 (0)9 507 8708, Ahti Martikainen, Vice President, Communications and IR, tel. +358 (0)9 507 8514 and www.almamedia.fi Distribution: Helsinki Exchanges, principal media
- Date: 15.8.2002, 08:00
- News type: Stock exchange release
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