ALMA MEDIA CORPORATION PRESS RELEASE 20 February 2008
Alma Media expands its operations in Lithuania
Alma Media, a Finnish media company, continues to expand internationally in line with its growth strategy. The Marketplaces segment of the company opens a new Motors24 website in Lithuania.
With the new Lithuanian office, Motors24 is now present in all Baltic countries. Motors24, the electronic marketplace for new and used cars, bikes, boats and heavy machinery has been operating for two years in Estonia and Latvia.
The Motors24 website provides also news and information of new cars besides the advertisements. It is the only pan-Baltic car portal. Lithuanian Motors24 will provide Lithuanian dealers and private customers with more opportunities to sell their used vehicles and trucks as well as to export them to other Baltic and CIS countries.
The new Lithuanian Motors24 office, located in Kaunas, Northern Lithuania, cooperates also with Alma Media's Mascus, the leading marketplace for used equipment in Europe.
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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 over 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