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2014-04-15

Alma Media Oyj: Alma Media lowers its outlook for first half of 2014

Alma Media Corporation Stock Exchange Release 15 April 2014,
9:00 a.m. (EEST)

ALMA MEDIA LOWERS ITS OUTLOOK FOR FIRST HALF OF 2014

The revenue and result of Alma Media's printnewspaper business, especially
regional media, did not develop as expected during the first quarter of the
year. Therefore, the company has lowered its estimate of the development of
both revenue and result during the first half of the year, as announced in
the Financial Statements Release on 13 February 2014.

The economic operating environment in Finland has remained weaker than
expected in the beginning of 2014. The advertising market for print media has
declined more than anticipated. In the current economic situation,
forecasting the operating environment and especially advertising sales is
exceptionally difficult.

In its Financial Statements Release on 13 February 2014, Alma Media expected
the revenue of the first half of 2014 to be on a par with, or slightly lower
than the corresponding period in 2013. Operating profit excluding
non-recurring items was estimated to be MEUR 9.0-10.5.

According to the company's new estimate, the revenue for the first half of the
year will be lower than the corresponding period in 2013 and operating profit
excluding non-recurring items will be below the level estimated in the
Financial Statements Release on 13 February 2014 .

Revenue for the first half of 2013 was MEUR 151.2 and operating profit
excluding non-recurring items MEUR 10.1.

Due to the performance being weaker than expected, Alma Media will launch
streamlining measures in Alma Regional Media. The unit will commence
statutory employee negotiations concerning a plan to seek cost savings. The
negotiations aim to achieve annual savings of MEUR 1.5. The negotiations will
not concern terminations of employment.

In addition, Alma Media will commence statutory employee negotiations in the
Group's financial administration, with the negotiations aiming to centralise
financial administration services in Tampere. The negotiations concern the
whole personnel of financial administration, and as a result of the
restructuring, the number of personnel may decrease by a maximum of 11
persons.

Alma Media will publish its Interim Report for the first quarter of 2014 on 29
April 2014 at 9.00 a.m.

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 atwww.almamedia.com.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Alma Media Oyj via Globenewswire

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