Alma Media: Comparable operating profit to fall below the level of the corresponding period

Alma Media Corporation  Stock Exchange Release  17 November 2008 at 15:40

 

ALMA MEDIA: COMPARABLE OPERATING PROFIT TO FALL BELOW THE LEVEL OF THE CORRESPONDING PERIOD

 

Alma Media’s comparable operating profit for 2008 will fall below the last year’s level due to slower advertising sales. Previously Alma Media estimated its operating profit excluding one-time items to be at the same level as in 2007 (52.9 MEUR).

 

Alma Media expects its net sales to grow from the previous year in accordance with its previous estimate.

 

ALMA MEDIA CORPORATION

Rauno Heinonen

Vice President, Communications and IR

 

For further information, please contact:

 

Kai Telanne, President & CEO, tel. +358 10 665 3500

Tuomas Itkonen, CFO, tel. +358 10 665 2244

 

Distribution:

 

NASDAQ OMX Helsinki

Principal media

 

 

Alma Media in brief

 

Alma Media is a profitably growing and internationally expanding company that invests in the future of newspapers and the online media. Its best known products are Aamulehti, Iltalehti, Kauppalehti and Etuovi.com.

Net sales in 2007 totalled EUR 329 million and the operating margin was above 19%. The company’s share is listed in the Mid Cap segment of the OMX Nordic Exchange’s Nordic List, trading code ALN1V. More information at www.almamedia.fi.