Alma Media Corporation Press Release 31 December 2019
ALMA MEDIA HAS COMPLETED THE OUTSOURCING OF THE EARLY MORNING DELIVERY OF ITS NEWSPAPERS IN PIRKANMAA AND SATAKUNTA TO POSTI GROUP
Alma Media has completed the transaction under which the early morning delivery operations carried out by Alma Manu in Pirkanmaa and Satakunta related to the newspapers published by Alma Media Kustannus will be outsourced to Posti Ltd as of 1 January 2020. With the outsourcing, approximately 780 employees from Alma Manu’s delivery business will transfer to Posti Group. The effective date of the transfer is 1 January 2020.
In 2018, the revenue of the Alma Media Group’s internal delivery operations that are transferred in this business transaction was approximately MEUR 18.1. Alma Media expects that it will achieve annual cost savings of MEUR 5–6 as a result of the outsourcing of deliveries. Alma Media will record sales proceeds amounting to approximately MEUR 8 from the business transfer in its result for the first quarter of 2020.
The change has no immediate effects on the publication dates or deliveries of Alma Media Kustannus newspapers.
More detailed information about the transaction can be found in the stock exchange release published on 20 June 2019.
Kari Kivelä, SVP, Alma Consumer, tel. +358 10 665 2032
Juha Nuutinen, CFO, Alma Media Corporation, tel. +358 10 665 3873
Alma Media in brief
Alma Media is a media company focusing on the service business and journalistic content. The company’s best-known brands are Kauppalehti, Talouselämä, Affärsvärlden, Iltalehti, Aamulehti, Etuovi.com and Monster. Alma Media builds sustainable growth for its customers by utilising the opportunities of digitalisation, including information services, system and expert services and advertising solutions. Alma Media’s operations have expanded from Finland to the Nordic countries, the Baltics and Central Europe. Alma Media employs approximately 1,900 professionals (excluding delivery employees), of which approximately 30% work outside Finland. Alma Media’s revenue in 2018 was EUR 354.6 million. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.com.