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2016-01-18

Alma Media: Alma Media revises guidance for the year 2015 - operating profit without non-recurring items to improve, EPS to decrease due to non-recurring items

Alma Media Corporation Stock Exchange Release 18 January 2016 at 11.15

ALMA MEDIA REVISES GUIDANCE FOR THE YEAR 2015 - OPERATING PROFIT
WITHOUT NON-RECURRING ITEMS TO IMPROVE, EPS TO DECREASE DUE TO
NON-RECURRING ITEMS

Alma Media revises guidance for 2015. The revenue is expected to
remain on the same level as in 2014. The company expects operating
profit, excluding non-recurring items, to increase compared to the
level of 2014. The previous guidance issued on 23 October 2015 stated
that the revenue was expected to decrease, and the operating profit,
excluding non-recurring items, to remain on the previous level or to
decrease.

Alma Media's revenue will remain on the previous level due to the
Group's acquisition of Talentum's business in late November. Without
Talentum's business, the Group's revenue would decrease from the
level of 2014 as a result of divestments carried out during the year
and the contraction of the print media business in Finland.

The improvement in operating profit excluding non-recurring items from
previous year is attributable to the continued strong sales of
international recruitment business, strengthened growth of digital
advertising in Finland in late 2015, and cost adaptation measures
implemented in the Group's Finnish operations. Talentum's effect on
Alma Media's operating profit in 2015, without non-recurring items,
is low.

When assessing Alma Media's result for 2015, account must be taken of
the significant non-recurring costs, amounting to MEUR 5.7. Such
costs incurred by cost adaptation measures in the Group's Finnish
operations, particularly in Regional Media, as well as by impairment
losses recognised in connection with impairment tests and significant
transaction costs resulted from the acquisition of Talentum, which
will be recognised through profit or loss in the last quarter.
Non-recurring costs will weigh down Alma Media's operating profit and
earnings per share below the level of 2014.

Outlook for 2015 /18 January 2016

Alma Media expects its 2015 revenue to remain at the 2014 level. In
2014, Alma Media's revenue was MEUR 295.4. The Group's operating
profit, excluding non-recurring items, is expected to grow compared
to the level of 2014. In 2014, Alma Media's operating profit,
excluding non-recurring items, was MEUR 21.4.

With regard to 2016, Alma Media will issue its financial guidance in
connection with the release of the financial statement on 12 February
2016.

ALMA MEDIA CORPORATION
Rauno Heinonen
Vice President, Corporate Communications and Investor Relations

Distribution: NASDAQ Helsinki, main media, www.almamedia.fi

For more information, please contact:
Juha Nuutinen, CFO, telephone +358 010 665 3873

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. In 2014, the
company employed an average of 1,830 professionals (excluding
deliverers), of whom approximately one quarter worked outside
Finland. Alma Media's revenue in 2014 totalled approximately EUR 295
million. Alma Media's share is listed on NASDAQ OMX Helsinki. Read
more at www.almamedia.com.

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