Change in the structure and composition of Alma Media's reportable segments
(Thomson Reuters ONE) -
Alma Media Corporation Stock exchange release April 17, 2012 at 15:00 (EEST)
CHANGE IN THE STRUCTURE AND COMPOSITION OF ALMA MEDIA'S REPORTABLE SEGMENTS
The internal organisational structure of the Alma Media Group changed in the
beginning of 2012. As of the beginning of 2012, Alma Media's reportable segments
are Newspapers, Kauppalehti Group, Digital Consumer Services and Other
operations.
Alma Media Group consists of six operating segments, in accordance with the
table below. The operating segments that offer similar products and services are
combined to reportable segments due to their uniform profitability and other
characteristics.
+-------------------------+-------------------+
|REPORTABLE SEGMENT: |OPERATING SEGMENT: |
+-------------------------+-------------------+
|Newspapers |Alma Regional Media|
| +-------------------+
| |Iltalehti |
+-------------------------+-------------------+
|Kauppalehti Group |Kauppalehti Group |
+-------------------------+-------------------+
|Digital Consumer Services|Marketplaces |
| +-------------------+
| |Alma Diverso |
+-------------------------+-------------------+
|Other Operations |Other operations |
+-------------------------+-------------------+
The new Digital Consumer Services segment consists of the former Marketplaces
segment as well as of the operations of the digital consumer services previously
reported in Newspapers and Other operations segments, namely Telkku.com,
Kotikokki.net, Neffit.fi, Nytmatkaan.fi, Suomenyritykset.fi as well as
development of the technical platform of the online services of the regional and
local newspapers.
With the change in the structure and composition of the reportable segments,
Alma Media has, in accordance with the IFRS 8 Operating Segments standard,
adjusted the corresponding items in segment information for the comparison
period 2011. The tables below summarise the impact of the changes and present
revenue and operating profit by segment in accordance with the new segment
composition.
Alma Media Corporation
Tuomas Itkonen, CFO
For further information, please contact:
Tuomas Itkonen, CFO, tel. +358 10 665 2244
Distribution: NASDAQ OMX Helsinki, main media
Alma Media in brief
Alma Media is a dynamic media company whose best-known products are Aamulehti,
Iltalehti, Kauppalehti and Etuovi.com. Alma Media employs approximately 3,000
professionals. The company's net sales in 2011 totalled MEUR 316.2 with an
operating margin of 13.3 per cent. Alma Media's share (ALN1V) is listed in the
NASDAQ OMX Helsinki Exchange. Read more at www.almamedia.fi
REVENUE AND OPERATING PROFIT BY SEGMENT IN THE NEW SEGMENT STRUCTURE
2011
REVENUE BY SEGMENT, New Former
MEUR structure structure Change
--------------------------------------------------------------------
Newspapers
External 214.1 217.3 -3.2
Inter-segments 4.3 4.2 0.1
Newspapers total 218.3 221.5 -3.1
Kauppalehti Group
External 55.9 55.9 0
Inter-segments 0.8 0.8 0
Kauppalehti Group total 56.7 56.7 0
Digital Consumer Services
External 40.7 37.5 3.2
Inter-segments 1.4 -0.5 1.9
Digital Consumer Services total 42.1 37 5.2
Other Operations
External 5.6 5.6 -0.1
Inter-segments 73.9 75.9 -2
Other Operations total 79.5 81.5 -2
Elimination -80.4 -80.4 0
--------------------------------------------------------------------
Total 316.2 316.2 0
--------------------------------------------------------------------
New Former
OPERATING PROFIT/LOSS BY SEGMENT*, MEUR structure structure Change
--------------------------------------------------------------------
Newspapers 29.7 30.2 -0.4
Kauppalehti Group 7.4 7.4 0
Digital Consumer Services 6.4 5.8 0.6
Other operations -1.6 -1.4 -0.2
--------------------------------------------------------------------
Total 42 42 0
--------------------------------------------------------------------
*) incl. non-recurring items
REVENUE AND OPERATING PROFIT BY SEGMENT
IN THE NEW SEGMENT STRUCTURE
2011
REVENUE BY SEGMENT, 2011 2011 2011 2011 2011
MEUR Q1 Q2 Q3 Q4 Q1-Q4
----------------------------------------------------------------------
Newspapers
External 52 56 51.4 54.6 214.1
Inter-segments 1 1.1 1 1.1 4.3
Newspapers total 53 57.1 52.5 55.8 218.3
Kauppalehti Group
External 13.7 14.8 12.4 15 55.9
Inter-segments 0.2 0.2 0.2 0.2 0.8
Kauppalehti Group total 13.9 15 12.6 15.2 56.7
Digital Consumer Services
External 10 10.6 9.9 10.2 40.7
Inter-segments 0.4 0.3 0.4 0.3 1.4
Digital Consumer Services total 10.4 10.9 10.3 10.5 42.1
Other Operations
External 1.4 1.3 1.3 1.5 5.6
Inter-segments 17.7 18.8 18.7 18.7 73.9
Other Operations total 19.1 20.2 20.1 20.2 79.5
Elimination -19.3 -20.4 -20.3 -20.4 -80.4
----------------------------------------------------------------------
Total 77.1 82.7 75.1 81.3 316.2
----------------------------------------------------------------------
2011 2011 2011 2011 2011
OPERATING PROFIT/LOSS BY SEGMENT*, MEUR Q1 Q2 Q3 Q4 Q1-Q4
----------------------------------------------------------------------
Newspapers 6 9 7 7.8 29.7
Kauppalehti Group 1.2 2 2 2.2 7.4
Digital Consumer Services 1.8 1.8 1.9 0.9 6.4
Other operations -0.1 -1.7 1.7 -1.5 -1.6
----------------------------------------------------------------------
Total 9 11 12.4 9.6 42
----------------------------------------------------------------------
*) incl. non-recurring items
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Alma Media Oyj via Thomson Reuters ONE
[HUG#1603193]
Unternehmensinformation / Kurzprofil:
Datum: 17.04.2012 - 14:02 Uhr
Sprache: Deutsch
News-ID 135916
Anzahl Zeichen: 9059
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Change in the structure and composition of Alma Media's reportable segments"
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