Alma Media improves its outlook for the financial year 2016
Alma Media Corporation Stock exchange release 14 September 2016 at 1 p.m. (EEST)
ALMA MEDIA IMPROVES ITS OUTLOOK FOR THE FINANCIAL YEAR 2016
Alma Media is revising its guidance and outlook for 2016. In 2016, the company expects its full-year revenue and adjusted operating profit to increase clearly from the 2015 level.
In its previous guidance issued on 12 February 2016 and re-issued on 22 July and 29 April, Alma Media expected its full-year revenue and adjusted operating profit to increase from the 2015 level.
Clear growth in adjusted operating profit is the result of the favourable profit performance of the Alma Markets and Alma News & Life segments during 2016. Alma Markets’ international recruitment service business and domestic marketplace business have continued to develop favourably, and there has been no appreciable slowdown in the growth of the national economies of Eastern Central European countries. Online advertising in the Alma News & Life segment has increased considerably in 2016, which has clearly improved the result of the business unit.
According to Alma Media’s estimate, during the rest of the year the advertising market will continue to develop in the same way as earlier this year.
New outlook for 2016 / 14 September 2016
The Finnish economy is expected to show zero growth or only slight growth in 2016. Alma Media’s significant operating countries in Eastern Central Europe, such as the Czech Republic and Slovakia, are expected to see continued economic growth, but at a lower rate than in 2015.
Macroeconomic development affects both consumer demand and advertising volume. The structural transformation of advertising will continue in 2016; online advertising will grow, while print media advertising will decline.
The Talentum acquisition completed in late 2015 will increase Alma Media’s revenue and operating profit in 2016.
In 2016, Alma Media expects its full-year revenue and adjusted operating profit to increase clearly from the 2015 level. The full-year revenue for 2015 was MEUR 291.5, and the adjusted operating profit was MEUR 23.4.
ALMA MEDIA CORPORATION
Vice President, Corporate Communications and IR
Distribution: NASDAQ OMX Helsinki, main media, www.almamedia.com
For more information, please contact:
Juha Nuutinen, CFO, telephone +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 digitality, 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 2,400 professionals (excluding delivery personnel), of whom approximately 30% work outside Finland. Alma Media’s revenue in 2015 was EUR 291.5 million. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.com .