Alma Media Corporation Stock Exchange Release 10 April 2014, 14:00 EEST
CHANGE IN THE STRUCTURE AND COMPOSITION OF ALMA MEDIA'S REPORTABLE SEGMENTS
Alma Media Group's reporting structure was changed at the beginning of 2014. From the beginning of 2014, Alma Media's reportable segments are Digital Consumer Services, Financial Media and Business Services, National Consumer Media, and Regional Media. Centralised services produced by the Group's parent company and centralised digital support services for the entire Group will be reported outside segment reporting.
The Group has five operating segments as shown in the table below. The operating segments that produce similar products and services are combined into reportable segments due to their uniform profitability and other characteristics. The change in the segment structure is due to the transformation of the business environment in the media industry, with media consumption increasingly shifting to digital channels.
REPORTABLE SEGMENT: | OPERATING SEGMENT: |
Digital Consumer Services | Alma Diverso |
Marketplaces | |
Financial Media and Business Services | Financial Media and Business Services |
National Consumer Media | National Consumer Media |
Regional Media | Regional Media |
From the beginning of 2014, the Digital Consumer Services segment still includes Alma Diverso and Marketplaces, but the centralised digital support services for the entire Group have been moved to non-allocated items outside segment reporting. The name of Kauppalehti Group has been changed to Financial Media and Business Services. The new National Consumer Media segment consists of the IL Media operating segment, which was previously reported under the Newspapers segment. The new Regional Media segment includes the Alma Regional Media operating segment, which was previously reported under the Newspapers segment, as well as the Group's printing and distribution company Alma Manu, which was previously reported under the Other Operations segment. Other Operations no longer constitutes a separate segment. Instead, the operations of the Group's parent company are reported as non-allocated items.
As the structure and composition of the reportable segments have changed, Alma Media has, in accordance with the IFRS 8 Operating Segments standard, adjusted the corresponding items in segment information for the 2013 comparison period. Segment revenue and operating profit under the previous and newly adopted segment structures is presented in the tables below.
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 Baltic States and Central Europe. The company employs 1,965 professionals (excluding distributors), of whom approximately one third are based outside Finland. Alma Media's revenue in 2013 totalled approximately MEUR 300. Alma Media's share is listed on NASDAQ OMX Helsinki. Read more at www.almamedia.com:
http://www.almamedia.fi.
REVENUE AND OPERATING PROFIT BY SEGMENT UNDER THE NEW SEGMENT STRUCTURE | |||||
REVENUE BY SEGMENT 2013 | 2013 | 2013 | 2013 | 2013 | 2013 |
MEUR | Q1 | Q2 | Q3 | Q4 | Q1-Q4 |
Digital Consumer Services | |||||
External revenue | 14.0 | 13.3 | 12.2 | 12.5 | 52.0 |
Inter-segment revenue | 0.1 | 0.1 | 0.1 | 0.3 | 0.6 |
Digital Consumer Services total | 14.1 | 13.4 | 12.3 | 12.9 | 52.6 |
Financial Media and Business Services | |||||
External revenue | 13.8 | 14.2 | 13.0 | 15.2 | 56.3 |
Inter-segment revenue | 0.2 | 0.1 | 0.1 | 0.2 | 0.6 |
Financial Media and Business Services total | 14.0 | 14.4 | 13.1 | 15.4 | 56.8 |
National Consumer Media | |||||
External revenue | 11.9 | 12.2 | 12.0 | 12.0 | 48.0 |
Inter-segment revenue | 0.1 | 0.2 | 0.2 | 0.4 | 0.9 |
National Consumer Media total | 12.0 | 12.4 | 12.2 | 12.4 | 49.0 |
Regional Media | |||||
External revenue | 34.4 | 35.7 | 33.7 | 36.1 | 139.9 |
Inter-segment revenue | 2.1 | 1.5 | 1.5 | 2.1 | 7.2 |
Regional Media total | 36.6 | 37.2 | 35.1 | 38.2 | 147.1 |
Non-allocated items and eliminations | -1.8 | -1.0 | -1.0 | -1.6 | -5.3 |
Total | 74.9 | 76.3 | 71.7 | 77.3 | 300.2 |
OPERATING PROFIT BY SEGMENT 2013* | 2013 | 2013 | 2013 | 2013 | 2013 |
MEUR | Q1 | Q2 | Q3 | Q4 | Q1-Q4 |
Digital Consumer Services | 2.8 | 11.3 | 2.2 | 1.4 | 17.7 |
Financial Media and Business Services | 1.3 | 1.7 | 2.2 | 2.6 | 7.8 |
National Consumer Media | 0.9 | 0.9 | 1.8 | 1.1 | 4.7 |
Regional Media | 2.0 | -2.2 | 2.7 | 1.7 | 4.3 |
Segments, total | 7.1 | 11.7 | 9.0 | 6.7 | 34.5 |
Non-allocated items | -1.6 | -2.2 | -1.3 | -2.4 | -7.5 |
Total | 5.4 | 9.5 | 7.8 | 4.3 | 27.0 |
* Including non-recurring items. | |||||
REVENUE AND OPERATING PROFIT BY SEGMENT UNDER THE PREVIOUS SEGMENT STRUCTURE | |||||
REVENUE BY SEGMENT 2013 | 2013 | 2013 | 2013 | 2013 | 2013 |
MEUR | Q1 | Q2 | Q3 | Q4 | Q1-Q4 |
Newspapers | |||||
External revenue | 45.1 | 46.7 | 44.5 | 46.9 | 183.1 |
Inter-segment revenue | 0.5 | 0.6 | 0.6 | 0.8 | 2.5 |
Newspapers total | 45.6 | 47.3 | 45.1 | 47.7 | 185.6 |
Kauppalehti Group | |||||
External revenue | 13.8 | 14.2 | 13.0 | 15.2 | 56.3 |
Inter-segment revenue | 0.2 | 0.1 | 0.1 | 0.2 | 0.6 |
Kauppalehti Group total | 14.0 | 14.4 | 13.1 | 15.4 | 56.8 |
Digital Consumer Services | |||||
External revenue | 14.3 | 13.6 | 12.6 | 13.3 | 53.8 |
Inter-segment revenue | 0.6 | 0.6 | 0.3 | 0.5 | 2.1 |
Digital Consumer Services total | 14.9 | 14.2 | 13.0 | 13.8 | 55.9 |
Other Operations | |||||
External revenue | 1.7 | 1.8 | 1.7 | 1.9 | 7.1 |
Inter-segment revenue | 20.0 | 19.4 | 19.2 | 19.7 | 78.4 |
Other Operations total | 21.7 | 21.2 | 20.9 | 21.6 | 85.4 |
Eliminations | -21.3 | -20.7 | -20.3 | -21.2 | -83.5 |
Total | 74.9 | 76.3 | 71.7 | 77.3 | 300.2 |
OPERATING PROFIT BY SEGMENT 2013* | 2013 | 2013 | 2013 | 2013 | 2013 |
MEUR | Q1 | Q2 | Q3 | Q4 | Q1-Q4 |
Newspapers | 2.0 | 3.1 | 4.3 | 2.1 | 11.5 |
Kauppalehti Group | 1.3 | 1.7 | 2.2 | 2.6 | 7.8 |
Digital Consumer Services | 2.7 | 10.9 | 1.9 | 0.7 | 16.2 |
Other Operations | -0.5 | -6.2 | -0.6 | -1.2 | -8.5 |
Total | 5.4 | 9.5 | 7.8 | 4.3 | 27.0 |
* Including non-recurring items. | |||||
KEY FIGURES BY SEGMENT UNDER THE NEW SEGMENT STRUCTURE 2013 | |||||
Digital Consumer Services | 2013 | 2013 | 2013 | 2013 | 2013 |
MEUR | Q1 | Q2 | Q3 | Q4 | Q1-Q4 |
Revenue | 14.1 | 13.4 | 12.3 | 12.9 | 52.6 |
Operations in Finland | 5.9 | 5.8 | 5.2 | 5.6 | 22.5 |
Operations outside Finland | 8.2 | 7.5 | 7.1 | 7.2 | 30.0 |
Operating profit excluding non-recurring items | 2.8 | 2.9 | 2.2 | 1.5 | 9.4 |
% of revenue | 19.9 | 21.6 | 18.2 | 11.3 | 17.8 |
Operating profit | 2.8 | 11.3 | 2.2 | 1.4 | 17.7 |
% of revenue | 19.9 | 84.2 | 18.2 | 10.9 | 33.6 |
Average no. of employees, calculated as full-time employees | 482 | 472 | 467 | 492 | 492 |
Financial Media and Business Services | 2014 | 2013 | 2014 | 2013 | 2013 |
MEUR | Q1 | Q2 | Q3 | Q4 | Q1-Q4 |
Revenue | 14.0 | 14.4 | 13.1 | 15.4 | 56.8 |
Content revenue | 4.2 | 4.1 | 4.2 | 4.4 | 16.8 |
Advertising revenue | 3.9 | 4.1 | 3.6 | 4.7 | 16.2 |
Other revenue | 6.0 | 6.2 | 5.3 | 6.3 | 23.8 |
Operating profit excluding non-recurring items | 1.3 | 1.7 | 2.2 | 2.6 | 7.8 |
% of revenue | 9.6 | 12.0 | 16.9 | 16.7 | 13.8 |
Operating profit | 1.3 | 1.7 | 2.2 | 2.6 | 7.8 |
% of revenue | 9.6 | 12.0 | 16.9 | 16.7 | 13.8 |
Average no. of employees, calculated as full-time employees | 403 | 406 | 400 | 398 | 402 |
National Consumer Media | 2014 | 2013 | 2014 | 2013 | 2013 |
MEUR | Q1 | Q2 | Q3 | Q4 | Q1-Q4 |
Revenue | 12.0 | 12.4 | 12.2 | 12.4 | 49.0 |
Operating profit excluding non-recurring items | 0.9 | 0.9 | 1.8 | 1.1 | 4.7 |
% of revenue | 7.2 | 7.4 | 15.1 | 8.8 | 9.6 |
Operating profit | 0.9 | 0.9 | 1.8 | 1.1 | 4.7 |
% of revenue | 7.2 | 7.4 | 15.1 | 8.8 | 9.6 |
Average no. of employees, calculated as full-time employees | 153 | 160 | 163 | 160 | 160 |
Regional Media | 2014 | 2013 | 2014 | 2013 | 2013 |
MEUR | Q1 | Q2 | Q3 | Q4 | Q1-Q4 |
Revenue | 36.6 | 37.2 | 35.1 | 38.2 | 147.1 |
Content revenue | 17.0 | 16.6 | 17.1 | 16.9 | 67.6 |
Advertising revenue | 16.0 | 17.7 | 15.1 | 17.7 | 66.5 |
Other revenue | 3.6 | 2.9 | 2.9 | 3.6 | 13.0 |
Operating profit excluding non-recurring items | 2.1 | 1.3 | 2.7 | 3.6 | 9.8 |
% of revenue | 5.7 | 3.5 | 7.8 | 9.5 | 6.6 |
Operating profit | 2.0 | -2.2 | 2.7 | 1.7 | 4.3 |
% of revenue | 5.6 | -5.9 | 7.8 | 4.4 | 2.9 |
Average no. of employees, calculated as full-time employees, excl. delivery staff | 814 | 804 | 803 | 786 | 786 |
Average no. of delivery staff* | 985 | 974 | 1,011 | 998 | 998 |
KEY FIGURES BY SEGMENT UNDER THE PREVIOUS SEGMENT STRUCTURE 2013 | |||||
Newspapers | 2013 | 2013 | 2013 | 2013 | 2013 |
MEUR | Q1 | Q2 | Q3 | Q4 | Q1-Q4 |
Revenue | 45.6 | 47.3 | 45.1 | 47.7 | 185.6 |
Content revenue | 25.0 | 24.2 | 25.0 | 24.3 | 98.5 |
Advertising revenue | 19.9 | 22.3 | 19.4 | 22.2 | 83.9 |
Other revenue | 0.6 | 0.8 | 0.7 | 1.1 | 3.2 |
Operating profit excluding non-recurring items | 2.0 | 3.1 | 4.3 | 4.0 | 13.5 |
% of revenue | 4.4 | 6.5 | 9.6 | 8.5 | 7.2 |
Operating profit | 2.0 | 3.1 | 4.3 | 2.1 | 11.5 |
% of revenue | 4.4 | 6.5 | 9.6 | 4.4 | 6.2 |
Average no. of employees, calculated as full-time employees, excl. delivery staff | 758 | 819 | 839 | 752 | 792 |
Average no. of delivery staff* | 99 | 96 | 92 | 80 | 84 |
Kauppalehti Group | 2013 | 2013 | 2013 | 2013 | 2013 |
MEUR | Q1 | Q2 | Q3 | Q4 | Q1-Q4 |
Revenue | 14.0 | 14.4 | 13.1 | 15.4 | 56.8 |
Content revenue | 4.2 | 4.1 | 4.2 | 4.4 | 16.8 |
Advertising revenue | 3.9 | 4.1 | 3.6 | 4.7 | 16.2 |
Other revenue | 6.0 | 6.2 | 5.3 | 6.3 | 23.8 |
Operating profit excluding non-recurring items | 1.3 | 1.7 | 2.2 | 2.6 | 7.8 |
% of revenue | 9.6 | 12.0 | 16.9 | 16.7 | 13.8 |
Operating profit | 1.3 | 1.7 | 2.2 | 2.6 | 7.8 |
% of revenue | 9.6 | 12.0 | 16.9 | 16.7 | 13.8 |
Average no. of employees, calculated as full-time employees | 403 | 406 | 400 | 398 | 402 |
Digital Consumer Services | 2013 | 2013 | 2013 | 2013 | 2013 |
MEUR | Q1 | Q2 | Q3 | Q4 | Q1-Q4 |
Revenue | 14.9 | 14.2 | 13.0 | 13.8 | 55.9 |
Operations in Finland | 6.8 | 6.7 | 5.9 | 6.5 | 25.9 |
Operations outside Finland | 8.2 | 7.5 | 7.1 | 7.2 | 30.0 |
Operating profit excluding non-recurring items | 2.7 | 2.6 | 1.9 | 0.8 | 7.9 |
% of revenue | 18.1 | 18.0 | 14.5 | 5.4 | 14.1 |
Operating profit | 2.7 | 10.9 | 1.9 | 0.7 | 16.2 |
% of revenue | 18.1 | 76.8 | 14.5 | 5.0 | 29.0 |
Average no. of employees, calculated as full-time employees | 511 | 490 | 491 | 495 | 497 |
Other Operations | 2013 | 2013 | 2013 | 2013 | 2013 |
MEUR | Q1 | Q2 | Q3 | Q4 | Q1-Q4 |
Revenue | 21.7 | 21.2 | 20.9 | 21.6 | 85.4 |
Operating profit excluding non-recurring items | -0.5 | -2.7 | -0.6 | -1.2 | -5.0 |
% of revenue | -2.4 | -12.7 | -3.0 | -5.5 | -5.9 |
Operating profit | -0.5 | -6.2 | -0.6 | -1.2 | -8.5 |
% of revenue | -2.4 | -29.0 | -3.0 | -5.7 | -10.0 |
Average no. of employees, calculated as full-time employees | 331 | 264 | 255 | 249 | 275 |
ASSETS, LIABILITIES AND CAPITAL EXPENDITURE BY SEGMENT UNDER THE NEW SEGMENT STRUCTURE 2013 | |||||
ASSETS BY SEGMENT | 2013 | 2013 | 2013 | 2013 | |
MEUR | 31 March | 30 June | 30 September | 31 December | |
Digital Consumer Services | 83.1 | 80.0 | 78.7 | 90.6 | |
Financial Media and Business Services | 37.8 | 37.0 | 37.1 | 36.7 | |
National Consumer Media | 5.7 | 5.1 | 4.4 | 5.1 | |
Regional Media | 110.0 | 110.9 | 110.1 | 102.4 | |
Segments, total | 236.7 | 232.9 | 230.3 | 234.8 | |
Non-allocated items | 52.4 | 53.3 | 51.4 | 38.0 | |
Total | 289.0 | 286.2 | 281.8 | 272.8 | |
LIABILITIES BY SEGMENT | 2013 | 2013 | 2013 | 2013 | |
MEUR | 31 March | 30 June | 30 September | 31 December | |
Digital Consumer Services | 13.6 | 13.2 | 13.0 | 12.9 | |
Financial Media and Business Services | 12.8 | 12.1 | 11.1 | 9.7 | |
National Consumer Media | 5.8 | 4.9 | 4.1 | 5.0 | |
Regional Media | 42.7 | 39.4 | 33.8 | 30.8 | |
Segments, total | 75.0 | 69.6 | 62.0 | 58.4 | |
Non-allocated items | 134.3 | 129.8 | 126.8 | 123.9 | |
Total | 209.3 | 199.4 | 188.8 | 182.3 | |
CAPITAL EXPENDITURE BY SEGMENT | 2013 | 2013 | 2013 | 2013 | 2013 |
MEUR | Q1 | Q2 | Q3 | Q4 | Q1-Q4 |
Digital Consumer Services | 0.0 | 0.3 | 0.3 | 1.3 | 2.0 |
Financial Media and Business Services | 0.1 | 0.2 | 0.2 | 0.3 | 0.8 |
National Consumer Media | 0.1 | 0.1 | 0.0 | 0.0 | 0.2 |
Regional Media | 45.5 | 5.6 | 0.6 | 0.3 | 52.0 |
Segments, total | 45.6 | 6.2 | 1.2 | 2.0 | 55.0 |
Non-allocated items | 1.3 | 4.2 | 1.5 | 0.8 | 7.9 |
Total | 46.9 | 10.4 | 2.6 | 2.8 | 62.8 |
ASSETS, LIABILITIES AND CAPITAL EXPENDITURE BY SEGMENT UNDER THE PREVIOUS SEGMENT STRUCTURE 2013 | |||||
ASSETS BY SEGMENT | 2013 | 2013 | 2013 | 2013 | |
MEUR | 31 March | 30 June | 30 September | 31 December | |
Newspapers | 39.1 | 39.0 | 38.6 | 32.4 | |
Kauppalehti Group | 37.8 | 37.0 | 37.1 | 36.7 | |
Digital Consumer Services | 83.3 | 80.4 | 79.1 | 91.2 | |
Other Operations | 96.1 | 100.6 | 100.7 | 98.8 | |
Non-allocated assets | 32.7 | 29.2 | 26.2 | 13.7 | |
Total | 289.0 | 286.2 | 281.8 | 272.8 | |
LIABILITIES BY SEGMENT | 2013 | 2013 | 2013 | 2013 | |
MEUR | 31 March | 30 June | 30 September | 31 December | |
Newspapers | 39.6 | 32.7 | 26.9 | 24.8 | |
Kauppalehti Group | 12.8 | 12.1 | 11.1 | 9.7 | |
Digital Consumer Services | 15.6 | 15.3 | 15.0 | 14.9 | |
Other Operations | 85.7 | 86.3 | 84.9 | 84.5 | |
Non-allocated liabilities | 55.5 | 53.0 | 50.9 | 48.4 | |
Total | 209.3 | 199.4 | 188.8 | 182.3 | |
CAPITAL EXPENDITURE BY SEGMENT | 2013 | 2013 | 2013 | 2013 | 2013 |
MEUR | Q1 | Q2 | Q3 | Q4 | Q1-Q4 |
Newspapers | 0.2 | 1.8 | 0.2 | 0.3 | 2.6 |
Kauppalehti Group | 0.1 | 0.2 | 0.2 | 0.3 | 0.8 |
Digital Consumer Services | 0.0 | 0.3 | 0.3 | 1.3 | 2.0 |
Other Operations | 46.6 | 8.1 | 1.9 | 0.8 | 57.4 |
Total | 46.9 | 10.4 | 2.6 | 2.8 | 62.8 |
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Alma Media Oyj via Globenewswire