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Alma Media

September 16, 2004

Alma Media acquired an Invest for Excel Enterprise group license.

Alma Media is a media corporation concentrating on publishing, on producing and distributing financial information, and on providing online services. The Group has business, afternoon, regional and local newspapers as well as free sheets in its portfolio. It also runs leading online marketplaces in Finland and is expanding marketplace operations beyond Finland's borders.

Alma Media’s best known products are the Aamulehti, Iltalehti, and Kauppalehti papers and the Etuovi.com home-buying Internet service.

The Group derives close to 50 % of its net sales from advertising sales, 40 % from newspaper circulation revenues. Pro forma net sales in 2004 (excluding the television and radio broadcasting operation divested in 2005) amounted to EUR 284 million, generating an operating margin of 12.9 %.

 

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