2021-04-09 11:15:00 CEST
2021-04-09 11:15:27 CEST
REGULATED INFORMATION
Alma Media - Other information disclosed according to the rules of the Exchange
Alma Media’s comparison data under the new segment structure and revised distribution of revenue
Alma Media Corporation Stock Exchange Release 9 April 2021 at
12.15 p.m.
ALMA MEDIA’S COMPARISON DATA UNDER THE NEW SEGMENT STRUCTURE AND REVISED
DISTRIBUTION OF REVENUE
Alma Media is publishing unaudited comparison data under the new segment
structure and the revised distribution of revenue for each quarter in 2020 and
for January–December 2020. Starting from the first quarter of 2021, Alma Media
will report according to the new segment structure and revised distribution of
revenue. Comparison figures are presented separately at the Group level and the
segment level.
Alma Media’s new segment structure entered into effect on 1 March 2021. Alma
Media’s reportable segments under the new structure consist of Alma Career,
which focuses on the recruitment business and recruitment-related services in
Eastern Central Europe and Finland, Alma Talent, which provides financial media
and services aimed at professionals and businesses, and Alma Consumer, which
focuses on the consumer media and marketplaces business.
Centralised services produced by the Group’s parent company as well as
centralised support services for advertising and digital sales for the entire
Group are reported outside segment reporting. The Group’s reportable segments
correspond to the Group’s operating segments.
In connection with the change in segment structure, the name Alma Markets was
changed to Alma Career. The Alma Mediapartners services that were previously
reported as part of the Alma Markets business segment, i.e. housing and
automotive marketplaces, will now be reported under the Alma Consumer business
segment.
Alma Media has also announced it will revise its revenue reporting by dividing
revenue between marketplaces revenue, media revenue and service revenue. Alma
Media will also disclose more detailed segment-specific revenue and
profitability figures in accordance with the nature of business operations.
Alma Media’s interim report for Q1/2021 will be published on 21 April 2021 at
approximately 8:00 a.m.
The tables below present data in accordance with the new segment structure and
revised distribution of revenue for 2020.
For more information, please contact: Juha Nuutinen, Chief Financial Officer,
Alma Media, tel. +358 10 665 3873
[][]
REVENUE AND OPERATING PROFIT BY SEGMENT UNDER THE NEW SEGMENT STRUCTURE
REVENUE BY SEGMENT 2020 2020 2020 2020 2020
MEUR Q1 Q2 Q3 Q4 Q1–Q4
Alma Career 18.4 13.5 15.5 15.3 62.7
Alma Talent 25.6 22.4 20.7 26.4 95.1
Alma Consumer 17.9 15.7 16.9 19.3 69.9
Segments total 61.9 51.6 53.1 61.1 227.7
Non-allocated operations —0,1 0.9 0.8 0.9 2.5
Total 61.9 52.5 54.0 61.9 230.2
OPERATING PROFIT/LOSS BY SEGMENT,
MEUR *) 2020 2020 2020 2020 2020
Q1 Q2 Q3 Q4 Q1–Q4
Alma Career 7.5 4.8 5.4 3.8 21.4
Alma Talent 3.5 -0.2 4.1 5.7 13.1
Alma Consumer 3.2 2.8 4.6 4.4 15.1
Segments total 14.1 7.3 14.2 13.9 49.6
Non-allocated -1.9 -0.4 -1.1 -3.1 -6.5
Total 12.2 7.0 13.2 10.8 43.1
[*] Includes adjusted items
REVENUE AND OPERATING PROFIT BY SEGMENT UNDER THE OLD SEGMENT STRUCTURE
REVENUE BY SEGMENT 2020 2020 2020 2020 2020
MEUR Q1 Q2 Q3 Q4 Q1–Q4
Alma Markets 24.7 19.4 22.2 21.9 88.3
Alma Talent 25.6 22.4 20.7 26.4 95.1
Alma Consumer 11.6 9.8 10.2 12.7 44.4
Segments total 61.9 51.6 53.1 61.1 227.7
Non-allocated -0.1 0.9 0.8 0.9 2.5
Total 61.9 52.5 54.0 61.9 230.2
OPERATING PROFIT/LOSS BY SEGMENT,
MEUR *) 2020 2020 2020 2020 2020
Q1 Q2 Q3 Q4 Q1–Q4
Alma Markets 10.0 7.0 9.0 5.6 31.6
Alma Talent 3.5 -0.2 4.1 5.7 13.1
Alma Consumer 0.7 0.5 1.1 2.6 4.9
Segments total 14.1 7.3 14.2 13.9 49.6
Non-allocated -1.9 -0.4 -1.1 -3.1 -6.5
Group total 12.2 7.0 13.2 10.8 43.1
[*] Includes adjusted items
KEY FIGURES UNDER THE NEW SEGMENT STRUCTURE AND DISTRIBUTION OF REVENUE
Alma Media, key 2020 2020 2020 2020 2020
figures
MEUR Q1 Q2 Q3 Q4 Q1–Q4
Revenue 61.9 52.6 54.0 61.9 230.2
Marketplaces 24.3 19.1 22.0 21.4 86.7
Media 26.1 21.4 20.7 26.7 94.9
Content, media 13.8 12.8 11.5 12.4 50.4
- of which 20.8% 24.6% 28.3% 28.7% 25.4%
digital
Advertising, 12.3 8.6 9.2 14.3 44.5
media
- of which 70.1% 78.7% 75.1% 75.4% 74.5%
digital
Services 11.5 12.1 11.2 13.8 48.6
- of which 54.9% 52.7% 56.3% 51.8% 53.8%
digital
Adjusted total 50.7 43.0 40.9 51.4 186.0
expenses
Adjusted EBITDA 15.3 13.9 17.0 14.6 60.8
EBITDA 16.3 11.0 17.0 14.6 58.9
Adjusted 11.2 9.8 13.2 11.1 45.4
operating
profit
Adjusted 18.1% 18.7% 24.5% 18.0% 19.7%
operating
profit, %
Operating 12.2 7.0 13.2 10.8 43.1
profit (loss)
Operating 19.7% 13.3% 24.4% 17.4% 18.7%
profit, %
Employees on 1534 1522 1458 1434 1497
average
Digital 41.7 35.4 38.5 42.9 158.4
business
revenue
Digital 67.3% 67.3% 71.3% 69.3% 68.8%
business, % of
revenue
ALMA CAREER
Alma Career key figures 2020 2020 2020 2020 2020
MEUR Q1 Q2 Q3 Q4 Q1–Q4
Revenue 18.4 13.5 15.5 15.3 62.7
Marketplaces 17.3 12.3 14.5 14.0 58.1
Services 1.2 1.1 1.0 1.3 4.6
Adjusted total expenses 11.8 8.9 10.1 11.8 42.7
Adjusted EBITDA 7.5 5.6 6.4 4.4 23.9
EBITDA 8.4 5.6 6.3 4.5 24.7
Adjusted operating profit 6.6 4.8 5.5 3.7 20.6
Adjusted operating profit, % 35.9% 35.3% 35.5% 24.2% 32.8%
Operating profit (loss) 7.5 4.8 5.4 3.8 21.4
Operating profit, % 40.6% 35.3% 35.1% 24.5% 34.2%
Employees on average 624 602 562 563 588
Digital business revenue 17.9 13.3 15.6 15.3 62.1
Digital business, % of revenue 97.5% 98.7% 100.0% 99.7% 99.1%
REVENUE 2020 2020 2020 2020 2020
MEUR Q1 Q2 Q3 Q4 Q1–Q4
Finland 1.1 0.6 0.6 0.6 2.9
Croatia 1.7 0.8 1.2 1.1 4.7
Czech Republic 10.1 8.7 9.2 9.3 37.3
Slovakia 3.2 1.8 2.5 2.2 9.8
Baltic countries 1.8 1.2 1.6 1.7 6.2
Other countries 0.6 0.4 0.4 0.5 1.9
ALMA TALENT
Alma Talent, key figures 2020 2020 2020 2020 2020
MEUR Q1 Q2 Q3 Q4 Q1–Q4
Revenue 25.6 22.4 20.7 26.4 95.1
Marketplaces 1.3 1.3 1.4 1.5 5.5
Media 15.6 12.5 11.4 15.0 54.4
Content, media 9.7 9.1 7.7 8.6 35.2
- of which digital 29.2% 34.4% 42.1% 41.0% 36.3%
Advertising, media 5.9 3.4 3.7 6.3 19.3
- of which digital 47.2% 56.8% 48.3% 51.1% 50.4%
Services 8.7 8.5 7.9 10.0 35.2
- of which digital 42.5% 49.7% 51.0% 46.3% 47.2%
Adjusted total expenses 22.0 19.6 16.6 20.8 78.9
Adjusted EBITDA 4.9 3.9 5.1 6.6 20.4
EBITDA 4.7 0.9 5.1 6.9 17.6
Adjusted operating profit 3.7 2.8 4.1 5.7 16.2
Adjusted operating profit, % 14.4% 12.5% 19.9% 21.5% 17.1%
Operating profit (loss) 3.5 -0.2 4.1 5.7 13.1
Operating profit, % 13.6% -1.0% 20.0% 21.5% 13.7%
Average no. of employees,
excl. telemarketers 485 467 446 427 456
Telemarketers on average 320 342 327 352 335
Digital business revenue 10.6 10.6 10.4 12.9 44.6
Digital business, % of revenue 41.5% 47.5% 50.5% 48.7% 46.9%
REVENUE 2020 2020 2020 2020 2020
MEUR Q1 Q2 Q3 Q4 Q1–Q4
Alma Talent Media 13.2 11.3 11.3 15.1 50.9
- of which digital 37.6% 42.7% 44.2% 45.1% 42.4%
Alma Talent Services 7.3 6.8 6.3 8.1 28.4
- of which digital 67.7% 81.7% 86.4% 74.6% 77.1%
Direct marketing 3.4 3.8 3.7 3.8 14.7
Divested operations and
eliminations 1.8 0.5 -0.6 -0.6 1.0
ALMA TALENT
ADJUSTED OPERATING PROFIT/LOSS 2020 2020 2020 2020 2020
MEUR Q1 Q2 Q3 Q4 Q1–Q4
Alma Talent Media 1.8 1.0 2.1 3.4 8.3
Alma Talent Services 1.5 1.5 1.6 1.9 6.6
Direct marketing 0.3 0.4 0.4 0.5 1.6
Divested and non-allocated
operations 0.0 -0.1 0.0 -0.1 -0.2
ALMA CONSUMER
Alma Consumer key 2020 2020 2020 2020 2020
figures
MEUR Q1 Q2 Q3 Q4 Q1–Q4
Revenue 17.9 15.7 16.9 19.3 69.9
Marketplaces 5.5 5.3 6.1 5.8 22.7
Media 10.7 8.9 9.3 11.8 40.7
Content, media *) 4.1 3.7 3.8 3.7 15.2
Advertising, media 6.6 5.2 5.5 8.1 25.4
- of which digital 90.4% 92.3% 92.1% 93.6% 92.2%
Services 1.7 1.5 1.6 1.7 6.5
- of which digital 100.0% 97.8% 97.4% 98.3% 98.6%
Adjusted total 15.2 12.9 12.3 14.5 54.9
expenses
Adjusted EBITDA 3.2 3.3 5.2 5.3 17.0
EBITDA 3.7 3.3 5.2 4.9 17.1
Adjusted operating 2.7 2.8 4.6 4.9 15.0
profit
Adjusted operating 15.0% 17.9% 27.5% 25.2% 21.5%
profit, %
Operating profit 3.2 2.8 4.6 4.4 15.1
(loss)
Operating profit, % 17.8% 17.9% 27.5% 23.0% 21.6%
Employees on average 307 298 298 287 297
Digital business 13.3 11.7 12.7 15.0 52.6
revenue
Digital business, % of 74.1% 74.0% 74.9% 77.8% 75.3%
revenue
*) Content revenue consists entirely of the single-copy sales
of Iltalehti.
REVENUE 2020 2020 2020 2020 2020
MEUR Q1 Q2 Q3 Q4 Q1–Q4
Housing 3.8 3.5 4.2 4.0 15.5
Cars 1.8 1.4 1.5 1.6 6.4
Competitive tendering 1.4 1.6 1.7 1.6 6.4
and the sharing
economy
Media and media-like 10.9 9.1 9.5 12.1 41.7
services
- of which digital 56.9% 55.2% 55.4% 64.6% 58.4%
KEY FIGURES BY SEGMENT
UNDER THE OLD SEGMENT
STRUCTURE
Alma Media, key 2020 2020 2020 2020 2020
figures
MEUR Q1 Q2 Q3 Q4 Q1–Q4
Revenue 61.9 52.5 54.0 61.9 230.2
Content revenue 15.8 14.9 13.2 15.2 59.1
Content revenue, print 11.9 10.7 8.9 10.6 42.0
Content revenue, 3.9 4.2 4.3 4.6 17.0
digital
Advertising revenue 35.9 27.0 30.5 35.1 128.6
Advertising revenue, 3.7 1.8 2.2 3.4 11.1
print
Advertising revenue, 32.3 25.3 28.3 31.7 117.5
digital
Service revenue 10.1 10.5 10.3 11.7 42.6
Adjusted total 50.7 42.9 41.0 51.4 186.0
expenses
Adjusted EBITDA 15.3 13.8 17.0 14.6 60.8
EBITDA 16.3 11.0 17.0 14.6 58.9
Adjusted operating 11.2 9.8 13.2 11.1 45.4
profit
Adjusted operating 18.1% 18.7% 24.5% 18.0% 19.7%
profit, %
Operating profit 12.2 7.0 13.2 10.8 43.1
(loss)
Operating profit, % 19.7% 13.3% 24.4% 17.4% 18.7%
Employees on average 1534 1522 1458 1434 1497
Digital business 42.1 35.4 38.5 43.0 158.9
revenue
Digital business, % of 68.1% 67.5% 71.3% 69.3% 69.0%
revenue
ALMA MARKETS
Alma Markets key 2020 2020 2020 2020 2020
figures
MEUR Q1 Q2 Q3 Q4 Q1–Q4
Revenue 24.7 19.4 22.2 21.9 88.3
Advertising revenue 22.2 17.1 20.0 19.3 78.5
Service revenue 2.6 2.3 2.3 2.6 9.8
Adjusted total 16.2 12.6 13.3 16.1 58.2
expenses
Adjusted EBITDA 9.8 8.2 10.2 7.0 35.3
EBITDA 11.2 8.2 10.2 6.6 36.2
Adjusted operating 8.6 7.0 9.0 6.0 30.7
profit
Adjusted operating 34.9% 36.3% 40.7% 27.4% 34.8%
profit, %
Operating profit 10.0 7.0 9.0 5.6 31.6
(loss)
Operating profit, % 40.4% 36.3% 40.4% 25.7% 35.8%
Employees on average 698 718 674 674 702
Digital business 24.7 19.4 22.2 21.9 88.3
revenue
Digital business, % of 100% 100% 100% 100% 100%
revenue
ALMA TALENT
Alma Talent, key 2020 2020 2020 2020 2020
figures
MEUR Q1 Q2 Q3 Q4 Q1–Q4
Revenue 25.6 22.4 20.7 26.4 95.1
Content revenue 11.7 11.3 9.4 11.4 43.8
Content revenue, print 7.9 7.1 5.1 6.8 26.8
Content revenue, 3.9 4.2 4.3 4.6 17.0
digital
Advertising revenue 7.2 4.7 5.0 7.8 24.8
Advertising revenue, 3.1 1.4 1.9 3.1 9.6
print
Advertising revenue, 4.1 3.3 3.2 4.7 15.2
digital
Service revenue 6.7 6.4 6.2 7.2 26.5
Adjusted total 22.0 19.6 16.6 20.8 78.9
expenses
Adjusted EBITDA 4.9 3.9 5.1 6.6 20.4
EBITDA 4.7 0.9 5.1 6.9 17.6
Adjusted operating 3.7 2.8 4.1 5.7 16.2
profit
Adjusted operating 14.4% 12.4% 19.9% 21.5% 17.1%
profit, %
Operating profit 3.5 -0.2 4.1 5.7 13.1
(loss)
Operating profit, % 13.6% -1.1% 20.0% 21.5% 13.7%
Average no. of 485 467 446 427 456
employees, excl.
telemarketers
Telemarketers on 320 342 327 352 335
average
Digital business 10.6 10.6 10.4 12.9 44.6
revenue
Digital business, % of 41.5% 47.5% 50.5% 48.7% 46.9%
revenue
ALMA CONSUMER
Alma Consumer key 2020 2020 2020 2020 2020
figures
MEUR Q1 Q2 Q3 Q4 Q1–Q4
Revenue 11.6 9.8 10.2 12.7 44.4
Content revenue *) 4.1 3.7 3.8 3.7 15.3
Advertising revenue 6.6 5.2 5.5 8.1 25.4
Advertising revenue, 0.6 0.4 0.4 0.5 2.0
print
Advertising revenue, 6.0 4.8 5.1 7.6 23.4
digital
Service revenue 0.9 0.9 1.0 0.9 3.7
Adjusted total 10.9 9.3 9.1 10.2 39.5
expenses
Adjusted EBITDA 0.9 0.7 1.3 2.8 5.6
EBITDA 0.9 0.7 1.3 2.8 5.6
Adjusted operating 0.7 0.5 1.1 2.6 4.9
profit
Adjusted operating 5.8% 5.5% 10.9% 20.2% 11.0%
profit, %
Operating profit 0.7 0.5 1.1 2.6 4.9
(loss)
Operating profit, % 5.8% 5.5% 10.9% 20.2% 11.0%
Employees on average 191 183 186 176 184
Digital business 6.9 5.7 6.0 8.4 27.1
revenue
Digital business, % of 59.8% 58.4% 58.5% 66.4% 61.1%
revenue
*) Content revenue
consists entirely of
the single-copy sales
of Iltalehti.
Alma Media in brief
Alma Media is a dynamic digital service business and media company with a strong
capacity for renewal. The company’s best-known brands are Kauppalehti,
Talouselämä, Iltalehti, Etuovi.com and Monster. Alma Media builds sustainable
growth expanding its offering from media to related digital services fulfilling
the needs of users’ everyday life as consumers and as professionals in business.
Alma Media operates in 11 countries in Europe. Alma Media employs approximately
1,500 professionals. Alma Media’s revenue from continuing operations was EUR
230.2 million in 2020. Alma Media’s share is listed on NASDAQ Helsinki. Read
more at www.almamedia.com
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