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2016-12-19

Alma Media: The outcome of Alma Media Corporation's impairment tests for 2016

Alma Media Corporation Stock Exchange Release 19 December 2016, at 4:10 p.m. (EET)

THE OUTCOME OF ALMA MEDIA CORPORATION'S IMPAIRMENT TESTS FOR 2016

Alma Media has completed its regular annual goodwill impairment tests
for the Group. As a result, in its consolidated financial statements,
the company will recognise EUR 3.0 million in impairment in the
fourth quarter of 2016, as well as a provision for expenses of EUR
2.3 million relating to vacant business premises. The write-down made
to goodwill and intangible assets is related to Alma Regions'
business in Lapland and Alma Talent's business in Sweden.

The write-down and the provision for expenses relating to vacant
business premises will be reported in Alma Media's fourth quarter
financial result as an adjusted item. Alma Media will publish its
interim report for the fourth quarter and its Financial Statement
Bulletin for 2016 on 10 February 2017. The company maintains the
outlook issued in the interim report dated 28 October 2016, according
to which its full-year revenue and adjusted operating profit are
expected to increase clearly from the 2015 level.

ALMA MEDIA CORPORATION

Rauno Heinonen

Vice President, Corporate Communications and IR

For more information, please contact:

Juha Nuutinen, CFO, Alma Media Corporation, tel. +358 50 438 0984

Alma Media in brief

Alma Media is a media company focusing on the service business and
journalistic content. The company's best-known brands are
Kauppalehti, Talouselämä, Affärsvärlden, Iltalehti, Aamulehti,
Etuovi.com and Monster. Alma Media builds sustainable growth for its
customers by utilising the opportunities of digitality, including
information services, system and expert services and advertising
solutions. Alma Media's operations have expanded from Finland to the
Nordic countries, the Baltics and Central Europe. Alma Media employs
approximately 2,400 professionals (excluding delivery personnel), of
whom approximately 30% work outside Finland. Alma Media's revenue in
2015 was EUR 291.5 million. Alma Media's share is listed on NASDAQ
Helsinki. Read more at www.almamedia.com.

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