Alma Media to sell its 5.6% stake in KPK Yhtiöt

Alma Media Corporation        Press Releases        29 October 2021

ALMA MEDIA TO SELL ITS 5.6% STAKE IN KPK YHTIÖT

Alma Media Corporation has today agreed to sell all of its share capital in KPK Yhtiöt Oyj (formerly Keski-Pohjanmaan Kirjapaino Oyj) to Ilkka-Yhtymä Group.

A total of 24,379 Series A shares owned by Alma Media Plc, representing 5.6% of the total share capital of KPK Companies Plc and 0.5% of its votes, are transferred in the share transaction.

In the last year's financial statements, KPK Yhtiöt Oyj recorded revenues of EUR 26.8 million and earnings of EUR 0.6 million for the period. The group’s balance sheet totaled EUR 37.8 million and an equity ratio of 76.1 per cent at the end of the year.

The two sides have agreed not to make the purchase price public. The deal has no significant performance impact for Alma Media.

“In our strategy, we focus particularly on developing, growing and internationalising our digital businesses. In Finland, we focus on nationwide media and digital services, digital advertising and marketing solutions, and paid digital content. Divesting regional media and print business is a continuation of our previous divestments.,” says Kai Telanne, CEO of Alma Media.

ALMA MEDIA OYJ

More information:  

Juha Nuutinen, CFO, Alma Media, +358 10 665 3873 

Distribution: Nasdaq Helsinki, main media, www.almamedia.com

Alma Media in brief

Alma Media is a digital service business and media company with a strong capacity for renewal. We are building sustainable growth from media to services, providing content and services that benefit users in their everyday lives, work and leisure time. In Finland, our best-known brands  include Kauppalehti, Talouselämä, Iltalehti, Etuovi.com, Nettiauto and Nettimoto. Our recruitment services include prace.cz and jobs.cz in the Czech Republic, Profesia.sk in Slovakia and mojposao.net in Croatia.

In Finland, our business operations include leading housing and automotive marketplaces, financial and professional media, national consumer media and content and data services for professionals and businesses. Alma Media’s international business in Eastern Central Europe,  Sweden and the Baltic countries consists of recruitment services, an online marketplace for commercial properties and direct marketing services.

Alma Media operates in 11 countries in Europe and employs approximately 1,500 professionals. Alma Media’s revenue from continuing operations was EUR 230.2 million in 2020. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.com.