Change in the structure and composition of Alma Media's reportable segments

        Print
| Source: Alma Media
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.

 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
-------------------------------------------------------------------------------



[HUG#1776351]