Alma Media's long-term financial targets
(Thomson Reuters ONE) -
Alma Media Corporation Stock Exchange Release 25 November 2013 at 13:15
(EET)
ALMA MEDIA'S LONG-TERM FINANCIAL TARGETS
Alma Media is publishing its long-term financial targets to support the
company's strategic communications. The company's long-term financial targets
are as follows:
- annual growth in the digital business over 15%
- return on investment (ROI) over 15% per year
- dividend over 50% of earnings per share
"Our financial targets reflect the priorities of Alma Media's strategy and
business development. The long-term targets are reached by developing digital
media and service business and improving the quality and cost efficiency of
publishing activity," says Kai Telanne, President and CEO of Alma Media.
"In order to support growth, Alma Media aims to allocate investments, repayment
of debt and distribution of profit optimally from the company's and investors'
point of view. On average, we will distribute over one half of the financial
result for the period as dividends," Telanne continues.
Alma Media maintains its outlook given in the interim report published on 19
July 2013, according to which it expects the revenue and the operating profit
excluding non-recurring items for the second half of 2013 and the full year to
decline compared to the corresponding periods in 2012. Revenue for the second
half of 2012 was MEUR 157.9 and operating profit excluding non-recurring items
MEUR 17.4. Full-year revenue for 2012 amounted to MEUR 320.1 and operating
profit excluding non-recurring items was MEUR 33.5.
Alma Media will provide additional information on its financial targets and
outline the company's future strategy at its Capital Markets Day in Helsinki on
27 November 2013.
+-----------------------+------------+-----+------+-----+-----+-----+----------+
|Alma Media's financial |Target level|2008 |2009 |2010 |2011 |2012 |Q1-Q3 2013|
|targets | | | | | | | |
+-----------------------+------------+-----+------+-----+-----+-----+----------+
|Digital business |> 15% |29.7%|-10.0%|22.5%|16.3%|36.8%|8.6% |
|growth, % | | | | | | | |
+-----------------------+------------+-----+------+-----+-----+-----+----------+
|Return on Investment |> 15% |34.8%|28.3% |31.1%|26.1%|13.8%|14.4% |
|(ROI), % | | | | | | | |
+-----------------------+------------+-----+------+-----+-----+-----+----------+
|Dividend payout ratio |> 50% |59% |103% |159% |103% |45% |n/a |
+-----------------------+------------+-----+------+-----+-----+-----+----------+
ALMA MEDIA CORPORATION
Rauno Heinonen
Vice President, Corporate Communications and IR
For more information, please contact:
Juha Nuutinen, CFO, Alma Media Corporation, tel. +358 10 665 3873
Distribution: NASDAQ OMX Helsinki
main media
Alma Media in brief
Alma Media is a media company focusing on digital services and publishing. In
addition to news services, the company's products provide useful information
related to lifestyle, career and business development. The services of Alma
Media have expanded from Finland to the Nordic countries, the Baltics and
Central Europe. The company employs approximately 1,900 professionals (excluding
distributors), of whom over 20% work outside Finland. Alma Media's revenue in
2012 totalled approximately MEUR 320. Alma Media's share is listed on NASDAQ OMX
Helsinki. Read more at www.almamedia.com.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1745476]
Unternehmensinformation / Kurzprofil:
Datum: 25.11.2013 - 12:16 Uhr
Sprache: Deutsch
News-ID 320030
Anzahl Zeichen: 4566
contact information:
Town:
Helsinki
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 145 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Alma Media's long-term financial targets"
steht unter der journalistisch-redaktionellen Verantwortung von
Alma Media Oyj (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
