Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,448.89 40.35 0.25%
S&P 500 1,868.57 3.72 0.20%
NASDAQ 4,105.74 10.22 0.25%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,512.38 -3.89 -0.03%
TOPIX 1,171.40 -1.97 -0.17%
HANG SENG 22,760.24 64.23 0.28%

Alma Media Oyj : Alma Media's Financial Statement Release 2012: International digital services business increased revenue



Alma Media Oyj : Alma Media's Financial Statement Release 2012: International
                 digital services business increased revenue

Alma Media Corporation Financial Statement Release February 15, 2013 at 9:00
am (EET)

Alma Media's Financial Statement Release 2012:
INTERNATIONAL DIGITAL SERVICES BUSINESS INCREASED REVENUE  

Financial performance October - December 2012:
- Revenue was MEUR 82.7 (81.3), up 1.7%.
- Circulation revenue was MEUR 29.1 (31.4), down 7.2%; advertising revenue was
MEUR 42.2 (40.6), up 3.8%;  contents and service revenue was MEUR 11.4 (9.4),
up 22.2%.
- EBITDA (Earnings before interests, taxes, depreciation and amortisation)
excluding non-recurring items was MEUR 10.6 (12.3), down 13.6%.
- EBITDA was MEUR 9.7 (12.0), down 19.1%.
- Operating profit excluding non-recurring items was MEUR 8.5 (10.1), 10.3%
(12.4%) of revenue, down 15.8%.
- Operating profit was MEUR 7.6 (9.6) or 9.1% (11.7%) of revenue, down 20.9%.
- Revenue from acquired businesses was MEUR 5.2 and operating profit MEUR 0.0.
- Profit for the period was MEUR 2.1 (2.8), down 26.0%.
- The result for the review period includes a non-recurring item, the
write-down of associated company Talentum Oyj shares by MEUR 4.8.
- Earnings per share were EUR 0.03 (0.03).

Financial performance full year 2012:
- Revenue was MEUR 320.1 (316.2), up 1.2%.
- Circulation revenue was MEUR 119.3 (124.8), down 4.4% ; advertising revenue
was MEUR 160.8 (155.3), up 3.5%;  contents and service revenue was MEUR 40.0
(36.1), up 10.8%.
- Operating margin excluding non-recurring items was MEUR 45.1 (51.9), down
13.1%.
- Operating margin was MEUR 39.5 (51.2), down 22.7%.
- Operating profit excluding non-recurring items was MEUR 33.5 (42.9), 10.5%
(13.6%) of revenue, down 22.0%.
- Operating profit was MEUR 26.5 (42.0) or 8.3% (13.3%) of revenue, down
36.9%.
- Revenue from acquired businesses was MEUR 20.8 and operating profit MEUR
2.9.
- Profit for the period was MEUR 17,4 (30.8), down 43.5%.
- The result for the review period includes a non-recurring item, the
writedown of associated company Talentum Oyj shares by MEUR 4.8.
- Earnings per share were EUR 0.22 (0.39).

Key figures                      2012 2011   Change     2012  2011   Change
MEUR                               Q4   Q4           % Q1-Q4 Q1-Q4           %
Revenue                          82.7 81.3   1.4   1.7 320.1 316.2   3.9   1.2
 Circulation revenue             29.1 31.4  -2.3  -7.2 119.3 124.8  -5.5  -4.4
 Advertising revenue             42.2 40.6   1.6   3.8 160.8 155.3   5.4   3.5
 Contents and service revenue    11.4  9.4   2.1  22.2  40.0  36.1   3.9  10.8
Total expenses                   75.8 71.9   3.9   5.4 294.5 275.1  19.4   7.0
Total expenses excluding
non-recurring items              74.4 71.4   3.0   4.2 287.0 273.6  13.4   4.9
EBITDA excluding non-recurring
items                            10.6 12.3  -1.7 -13.6  45.1  51.9  -6.8 -13.1
EBITDA                            9.7 12.0  -2.3 -19.1  39.5  51.2 -11.6 -22.7
Operating profit excluding
non-recurring items               8.5 10.1  -1.6 -15.8  33.5  42.9  -9.4 -22.0
 % of revenue                    10.3 12.4              10.5  13.6
Operating profit                  7.6  9.6  -2.0 -20.9  26.5  42.0 -15.5 -36.9
 % of revenue                     9.1 11.7               8.3  13.3
Profit for the period             2.1  2.8  -0,7 -26.0  17.4  30.8 -13.4 -43.5
Earnings per share, EUR (basic)  0.03 0.03 -0.01 -24.0  0.22  0.39 -0.17 -43.4
Earnings per share, EUR
(diluted)                        0.03 0.03 -0.01 -23.7  0.22  0.39 -0.17 -43.1
Acquired businesses
Revenue                           5.2  0.0   5.2        20.8   0.0  20.8
EBITDA                            0.6  0.0   0.6         5.7   0.0   5.7
Operating profit                  0.0  0.0   0.0         2.9   0.0   2.9

Dividend proposal for the Annual General Meeting:

On December 31, 2012, the Group's parent company had distributable funds
totalling EUR 8,014,054 (51,941,032). No essential changes in the company's
financial standing have taken place after the end of the financial year. The
Board of Directors will propose to the Annual General Meeting that a dividend
of EUR 0.10 (0.40) per share be paid for the 2012 financial year. Based on the
number of shares on the closing date, December 31, 2012, the total dividend
distribution would amount to EUR 7,548,685 (30,194,741).

Outlook for 2013:

The general uncertainty prevailing in the Group's principal markets, as well
as the shift in media consumption from print media to electronic channels,
make it difficult to forecast the development of the advertising and
circulation revenues. The share of digital services in the media market will
continue.

Economic growth is estimated to remain weak in Europe in the early part of
2013. The increase in the sales of digital services is not enough to cover the
drop in the sales of print media. Alma Media estimates that the company's
revenue and operating profit, excluding non-recurring items, will decrease in
the first half of 2013 from the level of the corresponding period in 2012. The
revenue for the first half of 2012 was MEUR 162.2 and operating profit,
excluding non-recurring items, was MEUR 16.1.

Kai Telanne, President and CEO:

The general economic development in the main market, Finland, continued to be
weak in the last quarter of 2012. Advertising investment continued to decline,
and the shift from print media to electronic channels continued to accelerate.
The circulations of subscription-based newspapers continued to decrease.

In the last quarter, Alma Media's revenue grew by 1.7% thanks to the revenues
from the companies acquired during the financial year. In contrast, operating
profit excluding non-recurring items decreased from the comparison period as
the profitability of print media declined.

Alma Media's strategy is to increase the share of digital services in its
revenue. During the year 2012, the company invested MEUR 72 in profitable,
market-leading recruitment services in the Baltic countries, Czech Republic,
Slovakia and some other eastern Central European countries. The takeover and
integration of the acquisitions has proceeded excellently.

In Finland, Alma Media acquired the dating service e-Kontakti, as well as
significant minority holdings in companies whose competencies will enrich the
company's consumer and business service offering.

After these acquisitions, approximately one-quarter of Alma Media's 2012
revenue (MEUR 77.8) came from the sales of digital products and services.

The most wide-ranging operational change in 2012 was the founding of Alma
Regional Media to tighten the cooperation between the company's regional and
local papers, as well as the extensive operational changes related to this
operation. Towards the end of the year, the regional papers of Ilkka-Yhtymä
also joined the operational model based on nationwide joint editorial offices.

Alma Diverso, established for fostering the Group's digital business
competencies and service development, initiated networked sales of digital
advertising, among other initiatives.

Alma Media is determined to continue its competitiveness and operational
change in the direction of multimedia. Fee-based content in electronic
channels and mobile media consumption are the focal points in the development
of the publishing business. The competitiveness of print media will be ensured
through measures enhancing productivity and, among other things, product
renewals made possible by the new printing facility in Tampere, starting
operations in spring 2013. Development of digital consumer and business
services will continue, accelerated through acquisitions if necessary.

For further information, please contact:

Kai Telanne, President and CEO, telephone +358 10 665 3500
Juha Nuutinen, CFO, telephone +358 10 665 3873

Conference, webcast and conference call:

A conference for Finnish media, investors and analysts will be held on the
same day at 11.00-12.00 EET in the Alma House (address: Alvar Aallon katu 3 C,
Helsinki). In addition to the presentations held by President & CEO Kai
Telanne and CFO Juha Nuutinen, participants will have an opportunity to
discuss with other members of the company's management. Please note that the
conference will be held in Finnish. The presentation material will be
available on Alma Media's website at 11.00 EET.

To participate in the conference, kindly register beforehand to Minna Oksanen,
e-mail minna.oksanen@almamedia.fi or tel. +358 10 665 2271.

An international conference call and audio webcast concerning the financial
result 2012 will begin at 13.00 EET. You can participate in the conference by
calling +44(0)20 7136 2051 (confirmation code: 9085824) or follow the direct
transmission at www.almamedia.com.

Rauno Heinonen
Vice President, Corporate Communications and IR
Alma Media Corporation

DISTRIBUTION: NASDAQ OMX Helsinki, main media

ALMA MEDIA GROUP: FINANCIAL STATEMENT RELEASE
JANUARY 1 - DECEMBER 31, 2012

The descriptive part of this review focuses on the result of financial year
2012. The figures are compared in accordance with the International Financial
Reporting Standards (IFRS) with those of the corresponding period in 2011,
unless otherwise stated. The full-year figures in the financial statement
release are audited. The figures in the tables are independently rounded.

KEY FIGURES                  2012   2011 Change   2012      2011 Change   2010
MEUR                           Q4     Q4      %  Q1-Q4     Q1-Q4      %  Q1-Q4
Revenue                      82.7   81.3    1.7  320.1     316.2    1.2  311.4
Total expenses excluding
non-recurring items          74.4   71.4    4.2  287.0     273.6    4.9  267.7
EBITDA excluding
non-recurring items          10.6   12.3  -13.6   45.1      51.9  -13.1   53.3
EBITDA                        9.7   12.0  -19.1   39.5      51.2  -22.7   52.8
Operating profit excluding
non-recurring items           8.5   10.1  -15.8   33.5      42.9  -22.0   43.9
 % of revenue                10.3   12.4          10.5      13.6          14.1
Operating profit              7.6    9.6  -20.9   26.5      42.0  -36.9   43.4
 % of revenue                 9.1   11.7           8.3      13.3          13.9
Profit before tax             3.8    5.3  -27.9    237      42.0  -43.6   45.0
Profit for the period         2.1    2.8  -26.0   17.4      30.8  -43.5   33.2
Return on Equity/ROE
(Annual)*                    10.5   12.5  -15.7   19.2      29.1  -34.0   31.6
Return on Investment/ROI
(Annual)*                     7.8    9.9  -21.2   13.9      26.1  -46.8   34.4
Net financial expenses       -0.2    3.6  104.5   -1.5       2.5  158.5   -0.9
Net financial expenses, %
of revenue                   -0.2    4.5          -0.5       0.8          -0.3
Balance sheet total                              245.1     198.0   23.8  184.5
Capital expenditure          32.9    2.1 1437.2  111.3       6.3 1673.9   12.9
Capital expenditure, % of
revenue                      39.8    2.6          34.8       2.0           4.1
Research and development
costs                                              4.1       4.6  -10.0    0.0
Equity ratio                                      36.7      57.0  -35.6   67.1
Gearing, %                                        73.7     -33.4 -320.8  -28.2
Interest-bearing net debt                         62.3     -32.3 -292.9  -32.4
Interest-bearing
liabilities                                       79.4      25.5  210.9    4.0
Non-interest-bearing
liabilities                                       81.2      75.7    7.2   65.7
Average no. of  personnel,
calculated as full-time
employees, excl. delivery
staff                       1,898  1,746    8.7  1,910     1,816    5.2  1,806
Average no. of delivery
staff                         862    940   -8.3    941       961   -2.1    962
Share indicators
Earnings per share, EUR
(basic)                      0.03   0.03  -24.0   0.22      0.39  -43.4   0.44
Earnings per share, EUR
(diluted)                    0.03   0.03  -23.7   0.22      0.39  -43.1   0.44
Cash flow from operating
activities/share, EUR        0.15   0.27  -44.5   0.33      0.67  -51.0   0.62
Shareholders' equity per
share, EUR                                        1.08      1.24  -12.8   1.50
Dividend per share                                0.10 **   0.40          0.70
Effective dividend yield                           2.2       6.5           8.5
P/E Ratio                                         20.6      15.8          18.9
Market capitalization                            343.5     463.5  -25.9  621.4
Average no. of shares
(1,000 shares)
- basic                    75,487 75,487        75,487    75,339        74,894
- diluted                  75,618 75,898        75,661    75,772        75,086
No. of shares at end of
period (1,000 shares)                           75,487    75,487        75,053
 

*) see Main Accounting
Principles of the
Financial Statement
Release
**) Proposal of the Board,
dividend EUR 0,10

Market conditions

According to TNS Media Intelligence, total advertising volume declined by 5.3%
(grew by 0.2%) in the last quarter of the year. Advertising in newspapers and
city papers decreased by 8.6% (decreased by 2.8%), while advertising in online
media continued to increase, by 13.9% (19.4%) from the comparison period.

Further according to TNS Media Intelligence, total advertising volume declined
by 4.1% (grew by 7.1%) in the full year 2012. Advertising in newspapers and
city papers decreased by 7.6% (grew by 3.7%), while advertising in online
media increased by 10.0% (25.3%) from the comparison period.

Changes in group structure 2012

On January 2, 2012, Alma Media Corporation acquired the entire stock of the
company LMC s.r.o. From January 2, 2012, this company is reported as part of
the Digital Consumer Services segment.

Northern Media, part of Alma Media's Newspapers segment, on January 1, 2012
acquired the publishing rights of the free issue paper Kotikymppi that appears
in Kemijärvi, Finland.

On February 2, 2012, Alma Media Corporation acquired the entire stock of CV
Online, the leading online recruitment service company in the Baltic
countries. From February 2, 2012, this company is reported as part of the
Digital Consumer Services segment.

Alma Mediapartners Oy, part of the Alma Media Group, acquired the entire stock
of PlanMyRoom Finland Oy. From May 2, 2012, this company is reported as part
of the Digital Consumer Services segment.

Alma Media Corporation acquired the entire stock of Suomen Hankintakeskus Oy.
Suomen Hankintakeskus will merge into Mascus, Alma Media's international
marketplace for used heavy machinery and transport vehicles. From June 1,
2012, Suomen Hankintakeskus Oy is reported as part of the Digital Consumer
Services segment.

Alma Media acquired a 51% shareholding in Adalia Media, based in the United
States. The company has acted as licence partner of Mascus, Alma Media's
international marketplace for used heavy machinery and transport vehicles,
since 2009. From June 1, 2012, Adalia Media, Inc. is reported as part of the
Digital Consumer Services segment.

On August 1, 2012, Alma Media Corporation acquired the entire stock of
Finland's leading online dating service company, E-Kontakti Oy. From August 1,
2012, the company is reported as part of the Digital Consumer Services
segment.

On August 1, 2012, Alma Media Corporation sold the entire stock of Bovision
AB. The company was reported as part of the Digital Consumer Services segment.

On October 1, 2012, Alma Media Corporation purchased 20% of the stock of
JM-Tieto Oy, a company providing business information services. The company is
reported as part of the Kauppalehti Group segment.

On November 1, 2012, Alma Media Corporation purchased 20% of the stock of
Locatia Oy. The company is reported as part of the Kauppalehti Group segment.

On November 15, 2012, Alma Media Corporation purchased the leading recruitment
services companies in Slovakia (Profesia s.r.o. and Autovia) and Croatia (Tau
on-line d.o.o.), as well as minority holdings in the leading job portals in
the Serbian and Bosnian markets (Infostud 3 d.o.o. and Development Studio
d.o.o., respectively). From November 1, 2012, the purchased companies are
reported as parts of the Digital Consumer Services segment.

On November 30, 2012, Alma Media Corporation sold the Vuodatus.net business to
Rohea Oy.

Further details of acquired businesses are given in the notes to this
financial statement release.

Group revenue and result October - December 2012

In the last quarter of the year, revenue grew by 1.7% to MEUR 82.7 (81.3).
Revenue from business operations acquired in 2012 was MEUR 5.2 (0.0). Revenue
from print media was MEUR 55.0 (60.6), with a share of 66.5% (74.5%) in the
Group's revenue. Revenue from digital products and services was MEUR 21.0
(14.9), an increase of 41.5% mainly due to acquisitions. Digital products and
services accounted for 25.4% (18.3%) of Group revenue. Other revenue totalled
MEUR 6.6 (5.8), accounting for 8.0% (7.0%) of Group revenue.

Revenue from advertising sales grew by 3.8% and was MEUR 42.2 (40.6).
Advertising sales made up 51.0% (49.9%) of the Group's total revenue.
Advertising sales for printed papers declined by 11.7% from the comparison
period, totalling MEUR 25.8 (29.2). Online advertising sales grew by 44.7% to
MEUR 16.1 (11.1).

Circulation revenue declined by 7.2% to MEUR 29.1 (31.4). The circulation
revenues of both the Newspapers segment and the Kauppalehti Group declined
from the comparison period due to the decline of copies sold.

Contents and service revenue was MEUR 11.4 (9.4).

Total expenses excluding non-recurring items grew by MEUR 3.0 or 4.2%,
totalling MEUR 74.4 (71.4). Total expenses increased by 5.4%, amounting to
MEUR 75.8 (71.9). In the last quarter, the share of acquired businesses in
total expenses was MEUR 5.2. In addition, total expenses increased mainly
through reorganisation provisions reported as non-recurring items.

EBITDA, excluding non-recurring items, declined by 13.6% to MEUR 10.6 (12.3).
EBITDA amounted to MEUR 9.7 (12.0).

Depreciations during the review period totalled MEUR 2.1 (2.5). Depreciations
related to acquired businesses were MEUR 0.9 (0.0).

Operating profit, excluding non-recurring items, decreased by 15.8% (decreased
by 8.1%) to MEUR 8.5 (10.1). Operating profit excluding non-recurring items
was 10.3% (12.4%) of revenue. Operating profit was MEUR 7.6 (9.6), down to
9.1% (11.7%) of revenue. Operating profit from acquired businesses was MEUR
0.0 (0.0). The result from acquired businesses was burdened by significant
marketing investments in the fourth quarter.

The operating profit includes MEUR -0.9 (-0.5) in net non-recurring items. The
non-recurring items in the review period were mainly related to operational
reorganisation in the Newspapers segment and Kauppalehti Group.

The financial result for October-December 2012 was MEUR 2.1 (2.8), and the
financial result for the financial period excluding non-recurring items MEUR
7.9 (3.4). The October-December result includes a non-recurring item, a
write-down of MEUR 4.8 in the shareholding in Talentum Oyj. The period's
financial result included changes in the fair value of contingent
considerations and debt incurred by the reorganisation of the Marketplaces
business in the amount of MEUR 0.9.

Group revenue and result full year 2012

The Group's revenue for the full year 2012 grew by 1.2% to MEUR 320.1 (316.2).
Revenue from business operations acquired in 2012 was MEUR 20.8 (0.0). Revenue
from print media was MEUR 217.2 (236.1), with a share of 67.9% (74.7%) in the
Group's revenue. Revenue from digital products and services was MEUR 77.8
(56.8), an increase of 37.0% mainly due to acquisitions. Digital products and
services accounted for 24.3% (18.0%) of Group revenue. Other revenue totalled
MEUR 24.7 (23.1), accounting for 7.7% (7.3%) of Group revenue.

Revenue from advertising sales grew by 3.5% and was MEUR 160.8 (155.3).
Advertising sales made up 50.2% (49.1%) of the Group's total revenue.
Advertising sales for printed papers declined by 12.2% from the comparison
period, totalling MEUR 97.7 (111.3). Online advertising sales grew by 43.4% to
MEUR 61.8 (43.1).

Circulation revenue declined by 4.4% to MEUR 119.3 (124.8). The circulation
revenue of the Newspapers segment decreased by 4.6% to MEUR 104.8 (109.9).
Kauppalehti's circulation revenue declined by 2.7% to MEUR 14.6 (15.0).

Contents and service revenue was MEUR 40.0 (36.1).

Total expenses excluding non-recurring items went up by MEUR 13.4 or 4.9%,
totalling MEUR 287.0 (273.6). Total expenses increased by 7.0% to MEUR 294.5
(275.1). Businesses acquired during the review period accounted for MEUR 18.0
of total expenses. The increase in total expenses was mainly due to
reorganisation provisions.

EBITDA, excluding non-recurring items, declined by 13.1% to MEUR 45.1 (51.9).
EBITDA amounted to MEUR 39.5 (51.2).

Depreciations in the review period amounted to MEUR 13.0 (9.2). Depreciations
in the financial period include an impairment loss of MEUR 1.6 reported as a
non-recurring item. Acquisition-related depreciations totalled MEUR 3.0 (0.0).

Operating profit excluding non-recurring items was down 22.0% (down 2.2%) to
MEUR 33.5 (42.9). The operating margin excluding non-recurring items was 10.5%
(13.6%). The operating profit was MEUR 26.5 (42.0), and the operating margin
8.3% (13.3%). Operating profit from acquired businesses amounted to MEUR 2.9
(0.0).

The operating profit includes MEUR -7.0 (-1.0) in net non-recurring items. The
non-recurring items during the review period were related to organisational
restructuring, as well as impairment losses for capitalised R&D costs for the
Marketplaces business.

The full-year 2012 financial result was MEUR 17.4 (30.8), and excluding
non-recurring items, MEUR 29.3 (31.7). The period's financial result includes
a non-recurring item, a write-down of MEUR 4.8 in the shareholding in Talentum
Oyj. It also includes changes in the fair value of contingent considerations
and debt incurred by the reorganisation of the Marketplaces business in the
amount of MEUR 3.6.

Business segments

This Financial Statement Release reports Alma Media's business segments
according to the new organisational structure. The segment structure was
changed from the beginning of 2012. The reportable segments of Alma Media are
Newspapers, Kauppalehti Group, Digital Consumer Services and Other Operations.

REVENUE AND OPERATING PROFIT/LOSS BY SEGMENT
REVENUE BY SEGMENT,                2012  2011 Change  2012  2011 Change
MEUR                                 Q4    Q4      % Q1-Q4 Q1-Q4      %
Newspapers
   External                        52.0  54.6        203.4 214.1
   Inter-segments                   0.6   1.1          3.2   4.3
Newspapers total                   52.6  55.8   -5.8 206.6 218.3   -5.4
Kauppalehti Group
   External                        15.3  15.0         56.1  55.9
   Inter-segments                   0.2   0.2          0.8   0.8
Kauppalehti Group total            15.5  15.2    1.9  56.9  56.7    0.4
Digital consumer services
   External                        13.8  10.2         54.3  40.7
   Inter-segments                   0.7   0.3          2.2   1.4
Digital consumer services total    14.5  10.5   37.7  56.5  42.1   34.2
Other operations
   External                         1.7   1.5          6.3   5.6
   Inter-segments                  19.9  18.7         78.5  73.9
Other operations total             21.5  20.2    6.8  84.8  79.5    6.7
Elimination                       -21.4 -20.4        -84.7 -80.4
Total                              82.7  81.3    1.7 320.1 316.2    1.2
OPERATING PROFIT/LOSS BY SEGMENT,  2012  2011 Change  2012  2011 Change
MEUR *)                              Q4    Q4      % Q1-Q4 Q1-Q4      %
  Newspapers                        7.0   7.8  -10.0  22.1  29.7  -25.5
  Kauppalehti Group                 1.2   2.2  -46.1   4.7   7.4  -36.6
  Digital consumer services         1.2   0.9   28.9   4.9   6.4  -24.2
  Other operations                 -1.7  -1.5  -14.6  -4.9  -1.6 -217.0
Total                               7.6   9.6  -20.9  26.5  42.0  -36.8
*) including non-recurring items                                  

The Group has six operating segments as shown in the table below. The
operating segments that offer similar products and services are combined to
reportable segments due to their uniform profitability and other
characteristics.

REPORTABLE SEGMENT:       OPERATING SEGMENT:
Newspapers                Alma Regional Media
                          Iltalehti
Kauppalehti Group         Kauppalehti Group
Digital Consumer Services Marketplaces
                          Alma Diverso
Other Operations          Other operations

The new Digital Consumer Services segment consists of the former Marketplaces
segment as well as the Alma Diverso operating segment. Alma Diverso comprises
the digital consumer services previously reported in the Newspapers segment,
namely Telkku.com, Kotikokki.net, Neffit.fi, Nytmatkaan.fi, Suomenyritykset.fi
and E-kontakti.fi as well as the development functions of the technical
platform of the online services of the regional and local newspapers,
previously reported in Other Operations.

With the change in the structure and composition of the reportable segments,
Alma Media has, in accordance with the IFRS 8 Operating Segments standard,
adjusted the corresponding items in segment information for the comparison
period 2011. The tables presented in the Notes section of these financial
statements summarise the impact of the changes and present revenue and
operating profit by segment in accordance with the new segment composition.

Newspapers

The Newspapers segment reports the Alma Regional Media and Iltalehti business
units, that is, the publishing activities of a total of 35 newspapers. The
best-known titles in this segment are Aamulehti and Iltalehti.

Newspapers                    2012      2011 Change      2012      2011 Change
Key figures, MEUR               Q4        Q4      %     Q1-Q4     Q1-Q4      %
Revenue                       52.6      55.8   -5.8     206.6     218.3   -5.4
  Circulation revenue         25.4      27.5   -7.4     104.8     109.9   -4.6
  Advertising revenue         26.1      27.1   -4.0      98.0     104.4   -6.1
Content and service
revenue                        1.1       1.2   -8.0       3.7       4.0   -8.1
Total expenses excluding
non-recurring items           45.4      47.5   -4.4     181.1     187.7   -3.5
EBITDA excluding
non-recurring items            7.5       8.6  -13.4      26.9      32.2  -16.4
EBITDA                         7.3       8.3  -12.6      23.2      31.4  -26.0
Operating profit
excluding non-recurring
items                          7.2       8.3  -13.4      25.6      30.7  -16.8
Operating profit
excluding non-recurring
items, %                      13.7      14.9             12.4      14.1
Operating profit               7.0       7.8  -10.0      22.1      29.7  -25.5
Operating profit, %           13.3      13.9             10.7      13.6
Average no. of
personnel, calculated as
full-time employees
excl. delivery staff           765       881    -13       838       940    -11
Average no. of delivery
staff                            0       124   -100        33       117    -72
                              2012      2011             2012      2011
Operational key figures         Q4        Q4            Q1-Q4     Q1-Q4
Audited circulation
Iltalehti                                                       102,124
Aamulehti                                                       130,081
Online services, unique
browsers, weekly
Iltalehti.fi             3,083,757 3,275,072        3,280,652 2,978,518
Aamulehti.fi               377,699   342,673          355,526   333,987

October-December 2012

The Newspapers segment's revenue decreased to MEUR 52.6 (55.8). Advertising
sales in the segment were MEUR 26.1 (27.1), down 4.0% (down 3.3%). Advertising
sales in print media decreased by 6.2% (decreased by 5.9%). The segment's
online advertising sales increased by 14.5%, totalling MEUR 3.3 (2.8).
Iltalehti.fi further strengthened its position in the growing display
advertising market.

The segment's circulation revenue in October-December was down 7.4%, totalling
MEUR 25.4 (27.5) due to a decline in the number of distributed copies. Online
business accounted for 6.4% (5.2%) of the segment's revenue.

The segment's total expenses excluding non-recurring items were MEUR 45.4
(47.5) and total expenses MEUR 45.6 (48.1). The non-recurring items were
related to operational restructuring.

The Newspapers segment's operating profit excluding non-recurring items was
MEUR 7.2 (8.3) and operating profit MEUR 7.0 (7.8). The segment's operating
profit excluding non-recurring items declined due to the decreases in
circulation revenue and print media advertising sales.

Full year 2012

The Newspapers segment's revenue decreased to MEUR 206.6 (218.3). Advertising
sales in the segment were MEUR 98.0 (104.4), down 6.1% (up 1.7%). Advertising
sales in print media decreased by 8.3% (increased by 0.3%). The segment's
online advertising sales increased by 14.9%, totalling MEUR 11.3 (9.8). The
segment's circulation revenue in January-December was down 4.6%, totalling
MEUR 104.8 (109.9). Online business accounted for 5.6% (4.6%) of the segment's
revenue.

The segment's total expenses excluding non-recurring items were MEUR 181.1
(187.7) and total expenses amounted to MEUR 184.6 (188.7). The non-recurring
expenses in the amount of MEUR 3.5 were related to operational restructuring
and loss from the sale of real estate.

The segment's operating profit excluding non-recurring items was MEUR 25.6
(30.7) and operating profit MEUR 22.1 (29.7). The segment's operating profit
excluding non-recurring items declined due to the decreases in circulation
revenue and print media advertising sales.

Pohjois-Suomen Media Oy (Alma Media Northern Media), part of the Newspapers
segment, concluded its statutory personnel negotiations in January 2012. As a
result of the negotiations, the number of employees of Pohjois-Suomen Media is
reduced by 9 full-time work years.

Alma Media combined its 34 regional and local papers into a new business unit,
Alma Regional Media, at the beginning of 2012 and started a large-scale
renewal project to strengthen the collaboration between the papers. In the
statutory personnel negotiations in connection with the project, the number of
employees in Alma Regional Media decreases by 100 full-time work years. As
part of the renewal of Alma Regional Media's operational model, Alma Regional
Media and the newspapers Ilkka and Pohjalainen, members of Ilkka-Yhtymä, in
August agreed on wide-ranging operational collaboration covering content and
development. A letter of intent for the collaboration was signed on August 30,
2012, and the jointly developed new collaboration model is meant to be in full
operation from the beginning of 2014.

Iltalehti, part of the Newspapers segment, initiated statutory personnel
negotiations in November. The negotiations, held for production-related
reasons, aim at renewing the production process and shift arrangements.

Kauppalehti Group

The Kauppalehti Group specialises in the production of business and financial
information as well as in the provision of business utility and marketing
solutions. Its best known title is Finland's leading business paper,
Kauppalehti. The Group also includes the custom media house Alma 360 Custom
Media and the news agency and media monitoring unit BNS Group that operates in
all the Baltic countries.

Kauppalehti Group                   2012    2011 Change    2012    2011 Change
Key figures, MEUR                     Q4      Q4      %   Q1-Q4   Q1-Q4      %
Revenue                             15.5    15.2    1.9    56.9    56.7    0.4
  Circulation revenue                3.7     3.9   -5.5    14.6    15.0   -2.7
  Advertising revenue                4.5     5.1  -13.1    15.2    17.1  -10.9
  Content and service revenue        7.3     6.2   19.0    27.1    24.6   10.2
Total expenses excluding
non-recurring items                 13.4    13.0    3.2    51.3    49.3    3.9
EBITDA excluding non-recurring
items                                2.3     2.4   -3.8     6.6     8.2  -20.3
EBITDA                               1.4     2.4  -42.2     5.5     8.2  -33.3
Operating profit excluding
non-recurring items                  2.1     2.2   -3.8     5.7     7.4  -22.2
Operating margin excluding
non-recurring items, %              13.7    14.5           10.1    13.0
Operating profit                     1.2     2.2  -46.1     4.7     7.4  -36.6
Operating profit, %                  7.7    14.5            8.2    13.0
Average no. of personnel,
calculated as full-time
employees                            398     417     -4     410     429   -4.5
                                    2012    2011           2012    2011
Operational key figures               Q4      Q4          Q1-Q4   Q1-Q4
Audited circulation
Kauppalehti                                                      68,252
Kauppalehti.fi                   490,900 706,930        673,000 729,742

October - December 2012

The revenue of the Kauppalehti Group was MEUR 15.5 (15.2) in the fourth
quarter. The review period's revenue was up 1.9% (down 5.7%). Online business
accounted for 26.4% (25.1%) of the segment's revenue.

Advertising sales during the review period decreased to MEUR 4.5 (5.1), down
13.1% (down 4.4%). Online advertising sales increased by 14.0% (decreased by
6.9%) from the comparison period.

The segment's circulation revenue declined from the previous year to MEUR 3.7
(3.9). Content and service revenue grew to MEUR 7.3 (6.2). The content and
service revenue was particularly bolstered by new business for Alma 360, as
well as the increased sales revenue from Kauppalehti's information services
and digital content.

The segments total expenses excluding non-recurring items were MEUR 13.4
(13.0), and total expenses MEUR 14.4 (13.0). The segment's expenses increased
due to IT and marketing investment caused by product renewal. The
non-recurring items were related to reorganisation expenses.

The operating profit of the Kauppalehti Group excluding non-recurring itmes
was MEUR 2.1 (2.2), 13.7% (14.5%) of revenue.

Full year 2012

The revenue for the full year 2012 of the Kauppalehti Group was MEUR 56.9
(56.7). The revenue for the review period increased by 0.4% (decreased by
2.1%). Online business accounted for 26.3% (24.9%) of the segment's total
revenue.

Advertising sales in the segment were down 10.9% (down 3.2%) and were MEUR
15.2 (17.1). Online advertising sales increased by 0.9% (decreased by 2.3%)
from the comparison period.

The segment's circulation revenue declined by 2.7% to MEUR 14.6 (15.0).
Content and service revenue grew by 10.2% to MEUR 27.1 (24.6).

The total expenses of the segment excluding non-recurring items amounted to
MEUR 51.3 (49.3) and total expenses MEUR 52.4 (49.3).

The operating profit of the Kauppalehti Group excluding non-recurring items
was MEUR 5.7 (7.4) and operating profit MEUR 4.7 (7.4). The operating profit
excluding non-recurring items was 10.1% (13.0%) of revenue.

In May, Kauppalehti renewed its printed paper and online contents, as well as
the subscription models of its services.

The statutory personnel negotiations that concerned the staff of Kauppalehti's
media business were concluded in December. The workforce was reduced by six
persons through voluntary agreements.

Digital Consumer Services

The Digital Consumer Services segment, reported since the beginning of 2012,
comprises the former Marketplaces segment and the digital consumer service
operations previously reported in the Newspapers and Other Operations
segments.

The services operating in Finland are Etuovi.com, Vuokraovi.com, Monster.fi,
Autotalli.com, Mascus.fi, MyyJaOsta.com, Telkku.com, Kotikokki.net,
E-kontakti.fi, Nytmatkaan.fi and Suomenyritykset.fi. The services operating
outside Finland are Jobs.cz, Prace.cz, topjobs.sk, CV Online, Profesia.sk,
MojPosao.net, Autovia.sk, Mascus, Objektvision.se and City24. In addition, the
segment includes the development of the technology platform for the online
services of the regional and local papers.

Digital consumer services        2012    2011    Change    2012    2011 Change
Key figures, MEUR                  Q4      Q4         %   Q1-Q4   Q1-Q4      %
Revenue                          14.5    10.5      37.7    56.5    42.1   34.2
  Operations in Finland           7.2     9.1     -21.4    29.2    36.5  -20.0
  Operations outside Finland      7.4     1.4     414.0    27.4     5.6  386.1
Total expenses excluding
non-recurring items              13.2     9.6      37.4    49.3    35.9   37.4
EBITDA excluding
non-recurring items               2.4     1.4      71.5    11.7     8.0   47.2
EBITDA                            2.2     1.4      62.2    10.9     8.1   33.8
Operating profit excluding
non-recurring items               1.3     0.9      42.5     7.4     6.3   17.5
Operating margin excluding
non-recurring items, %            9.2     8.9              13.0    14.9  -12.5
Operating profit                  1.2     0.9 *)   28.9     4.9     6.4  -24.2
Operating margin, %               8.3     8.9 *)            8.6    15.3  -43.5
Average no. of personnel,
calculated as full-time
employees                         475     200       138     396     205     93
Acquired businesses
Revenue                           5.2     0.0              20.8     0.0
EBITDA                            0.6     0.0               5.7     0.0
Operating profit                  0.0     0.0               2.9     0.0
                                 2012    2011              2012    2011
Operational key figures            Q4      Q4             Q1-Q4   Q1-Q4
Etuovi.com                    410,659 424,782           414,602 453,453
Autotalli.com                 109,858  96,189           107,168  99,142
Monster.fi                     95,305  93,428           101,207  91,205
MyyjaOsta.com                  24,680  35,302            30,229  42,239
Telkku.com                    680,225 701,048           714,154 661,908
Kotikokki.net                 305,109 178,188           213,832 196,509
Suomenyritykset.fi             57,429  72,929            66,893  76,618
Mascus.com (Finland)          317,408 305,676           337,511 279,089
City24                        109,070  93,903           149,344  91,140

October - December 2012

In the last quarter of 2012, the revenue of the Digital Consumer Services
segment was MEUR 14.5 (10.5), up 37.7% (0.1%). Revenue from businesses
acquired in 2012 was MEUR 5.2. The segment's advertising sales amounted to
MEUR 12.0 (9.0).

Advertising sales in the segment's recruitment business continued to grow
supported by acquisitions abroad. In Finland, the weakening of the business
environment caused a downturn in the recruitment market and the advertising
sales of Monster.fi. The competitive situation in home sales services levelled
out in summer, and Etuovi.com's revenue started to grow in comparison with the
second quarter.

The total expenses for the review period excluding non-recurring items were
MEUR 13.2 (9.6), and total expenses MEUR 13.3 (9.6). The expenses of the
acquired businesses amounted to MEUR 5.2.

The operating profit of the Digital Consumer Services segment excluding
non-recurring items grew to MEUR 1.3 (0.9) in the fourth quarter. The
operating profit was MEUR 1.2 (0.9). The operating profit from businesses
acquired in 2012 was MEUR 0.0.

On August 1, 2012, Alma Media Corporation bought the entire stock of Finland's
leading online dating service provider, E-Kontakti Oy. The company is reported
as part of the Digital Consumer Services segment from August 1, 2012.

On August 1, 2012, Alma Media Corporation sold the entire stock of Bovision
AB. The company used to be reported as part of the Digital Consumer Services
segment.

Full year 2012

In the full year 2012, the revenue of the Digital Consumer Services segment
was MEUR 56.5 (42.1), up 34.2% (15.8%). Revenue from businesses acquired in
2012 was MEUR 20.8. The segment's advertising sales totalled MEUR 49.2 (36.4).

The total expenses for the review period excluding non-recurring items were
MEUR 49.3 (35.9) and total expenses MEUR 51.8 (35.9). The expenses of the
acquired businesses amounted to MEUR 18.0.

The operating profit for the Digital Consumer Services segment excluding
non-recurring items increased by 17.5% to MEUR 7.4 (6.3). The operating profit
was MEUR 4.9 (6.4). The operating profit from businesses acquired in 2012 was
MEUR 2.9. The non-recurring expenses in the amount of MEUR 2.5 were due to
reorganisation measures and impairment losses for capitalised R&D costs. The
non-recurring income during the comparison period, MEUR 0.2, was due to
corporate restructuring. The segment's operating profit excluding
non-recurring items grew, thanks to the businesses acquired.

Other Operations

The Other Operations segment reports the operations of the Group's printing
and distribution company Alma Manu Oy as well as the parent company. The
financial characteristics of both are similar as they primarily provide
services for the other business segments.

Other operations                    2012   2011 Change     2012    2011 Change
Key figures, MEUR                     Q4     Q4       %   Q1-Q4   Q1-Q4      %
Revenue                             21.5   20.2     6.8    84.8    79.5    6.7
  External                           1.7    1.5    11.2     6.3     5.6   13.0
  Inter-segments                    19.9   18.7     6.5    78.5    73.9    6.2
Total expenses excluding
non-recurring items                 23.6   21.7     8.7    89.8    81.0   10.8
EBITDA excluding non-recurring
items                               -1.5   -0.1 -1030.6    -0.1     3.5 -101.6
EBITDA                              -1.2   -0.1  -755.2    -0.1     3.4 -101.7
Operating profit excluding
non-recurring items                 -2.1   -1.5   -36.7    -4.9    -1.4 -243.8
Operating profit excluding
non-recurring items, %              -9.6   -7.5            -5.8    -1.8
Operating profit                    -1.7   -1.5   -14.6    -4.9    -1.6 -217.0
Operating profit, %                 -8.1   -7.6            -5.8    -2.0
Average no. of personnel,
calculated as full-time employees    261    248       5     266     241     10
Average no. of delivery staff        862    816       6     908     844      8
                                    2012   2011            2012    2011
Operational key figures               Q4     Q4           Q1-Q4   Q1-Q4
Printing volume (thousand units)  48,078 46,343         199,085 224,724
Paper usage (tons)                 6,786  7,927          27,938  31,428

Alma Media Corporation entered an agreement with Pohjola Bank Plc for the
financing of the machinery and movable property of Alma Media's new printing
facility. The total amount of the agreements is MEUR 44.7 at the end of
December 2012, out of which MEUR 35.0 have been paid to suppliers by the end
of December. The total amount of the investment is approximately MEUR 47.0.
The fourth quarter result of Other Operations was burdened by costs related to
preparations for the commissioning of the new printing facility.

The rent agreement for the new printing facility property became effective on
January 1, 2012, and it is treated as a finance leasing agreement in the
consolidated balance sheet.

Alma Manu expanded its distribution operations in the province of Lapland. The
distribution of Lapin Kansa and Koillis-Lappi, both Alma Media's newspapers,
was transferred from Itella to Alma Manu in January 2012.

Alma Manu initiated statutory personnel negotiations in relation to its
planned operational rationalisation and reorganisation measures for its
printing operations in Rovaniemi in March. As a result of the negotiations,
completed in April, the number of employees at the Rovaniemi printing facility
was reduced by four full-time work years.

Alma Manu started statutory personnel negotiations with its newspaper
deliverers in the Pirkanmaa region in June. As a result of the negotiations,
concluded in August, the work load in delivery operations decreases by 13
full-time work years.

Alma Manu agreed on the sale of its Pori printing press to Daily Print i Umeå
AB in August.

Associated companies

Alma Media Group holds a 32.14-% stake in Talentum Oyj, which is reported
under the Kauppalehti Group. The company's own shares in the possession of
Talentum are here included in the total number of shares. In the consolidated
financial statements of Alma Media the own shares held by Talentum itself are
not included in the total number of shares. Alma Media's shareholding in
Talentum is stated as 32.64% in Alma Media's consolidated financial statements
of December 31, 2012 and in this Financial Statements Release.

The period's financial result includes includes a non-recurring item, a
writedown of MEUR 4.8 in the shareholding in Talentum Oyj.

Share of profit of associated companies 2012 2011  2012  2011
MEUR                                      Q4   Q4 Q1-Q4 Q1-Q4
Newspapers                               0.0 -0.0   0.1  -0.0
Kauppalehti Group
  Talentum Oyj                          -3.9 -0.7  -4.9   1.8
Digital consumer services               -0.1 -0.0  -0.1  -0.1
Other operations
   Other associated companies            0.1  0.1   0.6   0.9
Total                                   -3.9 -0.6  -4.3   2.5

Non-recurring items

A non-recurring item is a comprehensive income or expense arising from
non-recurring or rare events. Gains or losses from the sale of business
operations or assets, gains or losses from discontinuing or restructuring
business operations as well as impairment losses of goodwill and other assets
are recognised as non-recurring items. Non-recurring items are recognised in
the profit and loss statement within the corresponding income or expense
group.

NON-RECURRING ITEMS                                   2012 2011  2012  2011
MEUR                                                    Q4   Q4 Q1-Q4 Q1-Q4
Newspapers
  Restructuring                                       -0.2 -0.3  -3.3  -0.8
  Gains on sales of assets                             0.0       -0.1
  Impairment losses of intangible and tangible assets      -0.2        -0.2
Kauppalehti Group
  Restructuring                                       -0.9       -0.9
  Gains on sales of assets                                       -0.1
Digital consumer services
  Restructuring                                       -0.1       -0.3
  Gains on sales of assets                            -0.2       -0.6   0.2
  Impairment losses of intangible and tangible assets       0.0  -1.6   0.0
Other operations
  Restructuring                                       -0.1       -0.5  -0.5
  Gains on sales of assets                             0.4  0.0   0.4   0.4
NON-RECURRING ITEMS IN OPERATING PROFIT               -0.9 -0.5  -7.0  -1.0
  Translation differences                             -0.1       -0.1   0.1
  Impairment losses of  associated companies          -4.8       -4.8
NON-RECURRING ITEMS IN FINANCIAL ITEMS                -0.1  0.0  -0.1   0.1
NON-RECURRING ITEMS IN PROFIT BEFORE TAX              -5.8 -0.5 -11.9  -0.9

The non-recurring items during the financial year 2012 comprised restructuring
expenses, sales losses and writedowns of plant and equipment. In financial
items, the writedown of associated company shares was reported as a
non-recurring item.

Balance sheet and financial position

At the end of December 2012, the consolidated balance sheet stood at MEUR
245.1 (198.0). Alma Media's equity ratio at the end of December was 36.7%
(57.0%) and equity per share declined to EUR 1.08 (1.24).

At the end of December, the Group's interest-bearing net debt was MEUR 62.3
(-32.3). The increase in net debt was due to the entering into force of the
rental agreement of the printing facility, treated as finance leasing, as well
as loans taken for company acquisitions and dividend payment. Financial assets
recognised at fair value through profit or loss created through corporate
transactions amounted to MEUR 0.9 (4.9) on December 31, 2012, and the fair
value of debts on the same date MEUR 2.7 (2.0).

The consolidated cash flow from operations in 2012 was MEUR 24.9 (50.7). Cash
flow before financing was MEUR -38.0 (50.7). Because of the change in
value-added tax treatment of newspaper subscriptions, part of 2012
subscription revenue was exceptionally created in 2011, whic h significantly
reduced the cash flow from operations during the review period. Cash flow from
investing activities was affected primarily by the acquisitions of business
operations during the financial period.

The Group currently has a MEUR 100.0 commercial paper programme in Finland
under which it is permitted to issue papers to a total amount of MEUR 0-100.
The unused part of the programme was MEUR 78.0 on December 31, 2012. In
addition, the Group has a credit limit in the amount of MEUR 30.0 until
October 9, 2013, of which MEUR 13.0 were unused on December 31, 2012, and a
credit limit in the amount of MEUR 50.0 until October 15, 2014, of which MEUR
37.0 were unused on December 31, 2012.

To further strengthen and diversify its financing structure, Alma Media
Corporation in October signed two new credit facilities, both valued at MEUR
25 with Nordea Pankki Suomi Oyj and Skandinaviska Enskilda Banken Ab. At the
same time, Alma Media terminated its valid credit facility of MEUR 35,
previously agreed with Skandinaviska Enskilda Banken Ab. The new credit
facilities are valid for two years.

Research and development costs

The Group's research and development costs in 2012 amounted to MEUR 4.1 (4.6).
Of this total, MEUR 3.1 (3.0) were expensed and MEUR 1.0 (1.6) capitalised.
The most significant projects pertained to the development of digital
business.

Capital expenditure  

Alma Media Group's capital expenditure in January-December 2012 totalled MEUR
111.3 (6.3), consisting mainly of corporate acquisitions, development
projects, normal operational and replacement investments and the investment in
the new printing facility.

Employees

During 2012, the average number of Alma Media employees, calculated as
full-time employees (excluding newspaper deliverers), was 1,910 (1,816). The
average number of delivery staff totalled 941 (961).

Administration

Alma Media Corporation's Annual General Meeting (AGM) held on March 14, 2012
elected Timo Aukia, Petri Niemisvirta, Seppo Paatelainen, Kai Seikku, Erkki
Solja, Catharina Stackelberg-Hammarén and Harri Suutari members of the
company's Board of Directors. In its constitutive meeting held after the AGM,
the Board of Directors elected Seppo Paatelainen its Chairman.

The Board also elected the members of its committees. Timo Aukia, Kai Seikku,
Catharina Stackelberg-Hammarén and Harri Suutari as chairman were elected
members of the Audit Committee. Petri Niemisvirta and Erkki Solja, as well as
Seppo Paatelainen as Chairman, were elected members of the Nomination and
Compensation Committee.

The Board of Directors of Alma Media Corporation has evaluated that the
persons elected members of the Board are independent of the company and its
significant shareholders, with the exception of Timo Aukia, Petri Niemisvirta
and Seppo Paatelainen. These members are evaluated as independent of the
company but dependent on its significant shareholders.

Mikko Korttila, General Counsel of Alma Media Corporation, was appointed
secretary to the Board of Directors.

The AGM appointed Ernst & Young Oy as the company's auditors.

In December, Hämeenlinna Administrative Court overruled the decision by the
Regional State Administrative agency for Southern Finland to approve a special
audit on Alma Media, thus dismissing the application placed by Oy Herttaässä
Ab. The application by Oy Herttaässä Ab, an Alma Media Corporation
shareholder, approved by the Regional State Administrative agency for Southern
Finland in August 2011, concerned a special audit regarding the operations of
the Nomination and Compensation Committee and its predecessor, the Election
Committee, of the Board of Directors of Alma Media Corporation.

Mr Juha Nuutinen was appointed CFO of Alma Media Corporation and a member of
its Group Executive Team as of November 1, 2012.

Ms Virpi Juvonen has served as the acting Head of HR since December 10, 2012,
as the holder of the post, Mr Pekka Heinänen, left the post.

Alma Media Corporation applies the Finnish Corporate Governance Code for
listed companies, issued by the Securities Market Association on June 15,
2010, in its unaltered form. The Corporate Governance Statement  and the
Salary and Remuneration Report for 2012 are available separately on the
company's website at http://www.almamedia.com/investors/.

Dividends

The Annual General Meeting resolved to distribute a dividend of EUR 0.40 per
share for the financial year 2011, in total MEUR 30.2 (52.5), in accordance
with the proposal of the Board of Directors. The dividend was paid on March
26, 2012 to shareholders who were registered in Alma Media Corporation's
shareholder register maintained by Euroclear Finland Oy on the record date,
March 19, 2012.

The Alma Media share

In October-December, altogether 945,701 Alma Media shares were traded at
NASDAQ OMX Helsinki Stock Exchange, representing 1.3% of the total number of
shares. The closing price of the Alma Media share at the end of the last
trading day of the year, December 28, 2012, was EUR 4.55. The lowest quotation
during the year was EUR 4.44 and the highest EUR 5.00. Alma Media
Corporation's market capitalisation was MEUR 343.5 at the end of the year.

The Annual General Meeting of Alma Media Corporation on March 14, 2012
authorised the Board of Directors to repurchase a maximum of 1,000,000 of the
company's shares, corresponding to approximately 1.4 % of the company's total
number of shares. The shares will be repurchased at the market price in public
trade on NASDAQ OMX Helsinki using the company's non-restricted equity, which
will decrease the disposable funds of the company for the distribution of
profit. The price paid for the shares shall be based on the price of the
company's shares in public trade with the minimum price of the shares to be
purchased being the lowest quoted market price in public trade during the
validity of the authorisation and the maximum price the highest quoted market
price during the validity of the authorisation. The shares can be repurchased
for the purpose of developing the capital structure of the company, or
financing or implementing of corporate acquisitions or other arrangements, or
implementing of incentive programmes for the management or key personnel of
the company, or to be otherwise disposed of or cancelled. The authorisation is
valid until the following ordinary Annual General Meeting, however no longer
than until June 30, 2013.

The Annual General Meeting of Alma Media Corporation on March 14, 2012
authorised the Board of Directors to decide on a share issue by transferring
shares in possession of the company. The authorisation entitles the Board to
issue a maximum of 1,000,000 shares, corresponding to approximately 1.4 % of
the total number of shares of the company. The authorisation entitles the
Board to decide on a directed share issue, which would entail deviating from
the pre-emption rights of shareholders. The Board may use the authorisation in
one or more parts. The authorisation may be used to implement incentive
programmes for the management or key personnel of the company. The
authorisation is valid until the following ordinary Annual General Meeting,
however no longer than until June 30, 2013. This authorisation does not
override the authorisation for a share issue resolved in the Annual General
Meeting held on March 17, 2011.

The Annual General Meeting of Alma Media Corporation on March 17, 2011
authorised the Board of Directors to decide on a share issue. The
authorisation entitles the Board to issue a maximum of 7,500,000 shares,
corresponding to approximately 10% of the total number of shares of the
company. The share issue can be implemented by issuing new shares or
transferring shares in possession of the company. The authorisation entitles
the Board to decide on a directed share issue, which would entail deviating
from the pre-emption rights of shareholders. The Board may use the
authorisation in one or more parts. The Board may use the authorisation for
developing the capital structure of the company, widening the ownership base,
financing or realising acquisitions or other similar arrangements, or for
other purposes decided upon by the Board. The authorisation may not, however,
be used for incentive programmes for the management or key personnel of the
company. The authorisation is in effect until March 17, 2013.

Option programme and share-based incentive plan

Alma Media has the option programme 2009 in effect. The programme is an
incentive and commitment system for Group management. If all the subscription
rights are exercised, the programme 2009 will dilute the holdings of the
earlier shareholders by a maximum of 2.22%. Further details about the
programmes are given in the notes to this Financial Statement Release.

The Board of Directors of Alma Media Corporation has resolved on a new
share-based incentive plan for the Group key employees. The new Performance
Share Plan consists of three performance periods, the calendar years 2012,
2013 and 2014. The Board of Directors will decide on the plan's performance
criteria and their targets at the beginning of each performance period. The
potential reward from the plan for the performance period 2012 will be based
on Alma Media Group's profitability, and it will be paid partly in the
company's shares and partly in cash in 2013. For the members of the Group
Executive Team, the plan additionally includes one three-year performance
period, the calendar years 2012-2014, based on the profitable growth of the
Group. The potential reward from the performance period 2012-2014 will be paid
partly in the company's shares and partly in cash one year and two years from
the end of the performance period. The Performance Share Plan includes
approximately 20 persons.

Other authorisations of the Board of Directors

The Board of Directors has no other current authorisations to raise
convertible loans.

Market liquidity guarantee

Alma Media Oyj:n osakkeelle ei ole voimassaolevaa markkinatakausta.

Flagging notices  

In the fourth quarter 2012, Alma Media did not receive notices of changes in
shareholdings pursuant to Chapter 2, Section 9 of the Securities Markets Act.

In the second quarter of 2012, Alma Media received the following notices of
changes in shareholdings pursuant to Chapter 2, Section 9 of the Securities
Markets Act:

On June 21, 2012 Mandatum Life Insurance Company Limited informed Alma Media
that its holding in Alma Media shares and voting rights has decreased to
3.69%. Kaleva Mutual Insurance Company informed Alma Media that its holding
has decreased to 3.01%. Additionally, Mariatorp Oy announced on the same day
that it had acquired 7,600,000 Alma Media shares, representing approximately
10.07% of all Alma Media shares and votes.

Risks and risk management

The purpose of Alma Media Group's risk management activities is to
continuously evaluate and manage all opportunities, threats and risks in
conjunction with the company's operations to enable the company to reach its
set objectives and to secure business continuity.

The risk management process identifies the risks, develops appropriate risk
management methods and regularly reports on risk issues to the risk management
organisation. Risk management is part of Alma Media's internal control
function and thereby part of good corporate governance. Limits and processing
methods are set for quantitative and qualitative risk methods by the corporate
risk management system in writing.

The most critical strategic risks for Alma Media are a significant drop in its
newspaper subscriptions, a decline in advertising sales and a significant
increase in distribution and delivery costs. Fluctuating economic cycles are
reflected on the development of advertising sales, which accounts for
approximately half of the Group's revenue. Developing businesses outside
Finland such as in the Baltic countries and other East European countries
include country-specific risks relating to market development and economic
growth.

In the long term, the media business will undergo changes along with the
transformation in media consumption and technological developments. The
Group's strategic objective is to meet this challenge through renewal and the
development of new business operations in online media. The most important
operational risks are disturbances in information technology systems and
telecommunication, and an interruption of printing operations.

Events after the period

Alma Media's printing and distribution company, Alma Manu Oy, is planning the
future of its newspaper printing facility in Rovaniemi, Finland, and therefore
started statutory personnel negotiations in January 2013. The negotiations
concern the entire staff of the Rovaniemi printing facility and mailing
department, a total of 23 employees. The topic of the negotiations is the
planning of the future for the Rovaniemi printing facility and the various
options involved, as well as the possible measures affecting staff and the
reasons, effects and alternatives of these measures.

Proposal by the Board of Directors for distribution of profit

The Board of Directors proposes to the ordinary Annual General Meeting that a
dividend of EUR 0.10 (0.40) per share be paid for the financial year 2012.
Based on the number of shares on the closing date, December 31, 2012, the
dividend distribution would total EUR 7,543,685 (30,194,741).

On December 31, 2012, the Group's parent company had distributable funds
totalling EUR 8,014,054 (51,941,032) of which profit for the period amounted
to EUR -14.169.546 (+47,486,273). No essential changes in the company's
financial standing have taken place after the end of the financial year.
Dividends are paid to shareholders who are entered in Alma Media Corporation's
shareholder register maintained by Euroclear Finland Oy no later than the
record date, March 19, 2013. The dividend payment date is March 26, 2013.

The report by the Board of Directors, the financial statements and the
auditors' report will be available on the company's website no later than
February 21, 2013.

Alma Media's Annual General Meeting 2013 is estimated to be held on March 14,
2013.

The next interim report

Alma Media will publish its interim report for the first quarter of 2013 on
Friday, April 26, 2013 at 9:00 AM (EEST).

ALMA MEDIA CORPORATION
Board of Directors

SUMMARY FINANCIAL STATEMENTS AND NOTES

                                         2012 2011  Change  2012  2011  Change
COMPREHENSIVE INCOME STATEMENT, MEUR       Q4   Q4       % Q1-Q4 Q1-Q4       %
REVENUE                                  82.7 81.3     1.7 320.1 316.2     1.2
Other operating income                    0.6  0.2   303.6   0.9   0.8     2.4
Materials and services                   20.7 22.2    -6.6  82.1  88.9    -7.7
Employee benefits expense                33.2 31.5     5.2 132.1 119.8    10.2
Depreciation, amortization and
impairment                                2.1  2.5   -12.5  13.0   9.2    41.6
Poistot liiketoimintojen hankinnasta      0.9  0.1   585.9   3.0   0.5   453.0
Other operating expenses                 19.7 15.7    25.3  67.2  57.1    17.6
OPERATING PROFIT                          7.6  9.6   -20.9  26.5  42.0   -36.9
Finance income                            1.0  0.9    18.0   5.1   1.1   372.2
Finance expenses                          0.9  2.7   -68.1   3.6   3.6    -0.3
Share of profit of associated companies  -3.9 -0.6  -529.3  -4.3   2.5  -268.1
PROFIT BEFORE TAX                         3.8  5.3   -27.8  23.7  42.0   -43.6
Income tax                                1.7  2.4   -30.2   6.3  11.2   -43.9
PROFIT FOR THE PERIOD                     2.1  2.8   -26.0  17.4  30.8   -43.5
OTHER COMPREHENSIVE INCOME
Change in translation differences        -0.0  0.2  -110.2  -0.0  -0.1    85.2
Share of other comprehensive income of
associated companies                      0.2  0.3           0.4  -0.1   737.5
Income tax relating to components of
other comprehensive income
Other comprehensive income for the
period, net of tax                        0.2  0.5   -61.1   0.3  -0.2
TOTAL COMPREHENSIVE INCOME FOR THE
PERIOD                                    2.3  3.5   -33.3  17.8  30.6   -42.1
Profit for the period attributable to
Owners of the parent                      1.9  2.5          16.6  29.4
Non-controlling interest                  0.2  0.3           0.8   1.4
Total comprehensive income for the period
attributable to
Owners of the parent                      2.1  3.1          17.0  29.2
Non-controlling interest                  0.2  0.3           0.8   1.4
Earnings per share calculated from the profit for
the period
attributable to the parent company shareholders
Earnings per share (basic), EUR          0.03 0.03          0.22  0.39
Earnings per share (diluted), EUR        0.03 0.03          0.22  0.39

BALANCE SHEET, MEUR                         Dec 31 2012 Dec 31 2011
ASSETS
NON-CURRENT ASSETS
Goodwill                                           74.3        30.6
Other intangible assets                            43.9         9.9
Tangible assets                                    41.3        23.0
Investments in associated companies                31.3        35.0
Other non-current financial assets                  4.9         5.3
Deferred tax assets                                 0.9         0.5
CURRENT ASSETS
Inventories                                         0.7         1.0
Current tax assets                                  1.3         4.1
Trade receivable and other  receivables            29.3        26.9
Other current financial assets                      0.0         3.8
Cash and cash equivalents                          17.1        57.8
TOTAL ASSETS                                      245.1       198.0
BALANCE SHEET, MEUR                         Dec 31 2012 Dec 31 2011
EQUITY AND LIABILITIES
Share capital                                      45.3        45.3
Share premium reserve                               7.7         7.7
Foreign currency translation reserve                0.2         0.2
Retained earnings                                  28.6        40.6
Equity attributable to owners of the parent        81.8        93.8
Non-controlling interest                            2.7         2.9
TOTAL EQUITY                                       84.5        96.7
LIABILITIES
NON-CURRENT LIABILITIES
Non-current interest-bearing liabilities           25.8         2.0
Deferred tax liabilities                            7.9         2.2
Pension obligations                                 2.4         2.6
Provisions                                          0.1         0.1
Other financial liabilities                         0.4         0.9
Other non-current liabilities                       0.3         0.3
CURRENT LIABILITIES
Current interest-bearing liabilities               53.5        23.5
Advances received                                  14.8        28.2
Income tax liability                                0.0         1.5
Provisions                                          0.4         1.0
Trade and other payables                           54.9        38.9
TOTAL LIABILITIES                                 160.5       101.2
TOTAL EQUITY AND LIABILITIES                      245.1       198.0

CONSOLIDATED STATEMENT OF CHANGE IN
EQUITY
                              Attributable to equity holders of the
                              Parent Company
MEUR                                A      B      C       D       E    F     G
Equity Jan 1 2012                45.3    7.7    0.2    40.6    93.8  2.9  96.7
Profit for the period                                  16.6    16.6  0.8  17.4
Other comprehensive income                     -0.0     0.4     0.3        0.3
Transactions with equity
holders of the parent and
non-controlling interest
Dividends paid by parent                              -29.7   -29.7      -29.7
Dividends paid by
subsidiaries                                                        -1.3  -1.3
Share-based payments                                    0.8     0.8        0.8
Excercised share options
Business combinations                                                0.3   0.3
Equity Dec 31 2012               45.3    7.7    0.2    28.6    81.8  2.7  84.5
                              Attributable to equity holders of the
                              Parent Company
MEUR                                A      B      C       D       E    F     G
Equity Jan 1 2011                45.0    4.7    0.4    62.7   112.8  2.0 114.8
Profit for the period                                  29.4    29.4  1.4  30.8
Other comprehensive income                     -0.1    -0.1    -0.2       -0.2
Transactions with equity
holders of the parent and
non-controlling interest
Dividends paid by parent                              -52.4   -52.4      -52.4
Dividends paid by
subsidiaries                                                        -0.7  -0.7
Share-based payments                                    1.0     1.0        1.0
Excercised share options          0.3    3.0                    3.3        3.3
Business combinations                                                0.1   0.1
Equity Dec 31 2011               45.3    7.7    0.2    40.6    93.8  2.9  96.7
Column headings on Consolidated Statement of Change
in Equity
A=Share capital
B=Share premium reserve
C=Translation difference
D=Retained earnings
E=Total
F=Non-controlling interest
G=Equity total

                                                         2012 2011  2012  2011
CASH FLOW STATEMENT, MEUR                                  Q4   Q4 Q1-Q4 Q1-Q4
Operating activities
Profit for the period                                     2.1  2.8  17.4  30.8
Adjustments                                               1.1  7.9  19.2  20.2
Change in working capital                                 7.4 14.0  -4.8  14.2
Dividends received                                        0.2  0.2   0.9   1.1
Interest received                                         0.1 -0.5   0.2   0.4
Interest paid and other finance expenses                 -0.9 -0.6  -2.4  -1.3
Income taxes paid                                         1.4 -3.5  -5.7 -14.6
Net cash flows from operating activities                 11.3 20.3  24.9  50.7
Investing activities
Acquisitions of tangible and intangible assets           -1.8 -0.9  -4.1  -2.8
Proceeds from sale of tangible and intangible assets      0.5  0.0   3.0   0.0
Other investments                                         0.0 -0.1  -0.1  -0.1
Proceeds from sale of other investments                   0.0  0.0   0.2   0.1
Acquisition of subsidiaries                             -21.4  0.0 -64.3  -0.1
Acquisition of associated companies                      -1.9  0.0  -2.3  -0.3
Proceeds from sale of subsidiaries                        0.0  0.4   3.8   2.5
Proceeds from sale and repayment of capital of
associated companies                                      0.0  0.4   0.9   0.7
Net cash flows from / (used in) investing activities    -24.6 -0.3 -62.8   0.0
Cash flow before financing activities                   -13.3 20.1 -38.0  50.7
Financing activities
Proceeds from exercise of share options                   0.0  0.0   0.0   3.2
Current loans taken                                      24.0 22.0  52.0  37.0
Repayment of current loans                              -14.5 -5.3 -23.4 -16.4
Change in interest-bearing receivables                    0.0  0.1   0.0   0.3
Dividends paid                                            0.0  0.0 -31.5 -53.2
Net cash flows from / (used in) financing activities      9.5 16.7  -2.8 -29.0
Change in cash and cash equivalent funds (increase + /
decrease -)                                              -3.8 36.8 -40.8  21.7
Cash and cash equivalents at beginning of period         20.9 20.9  57.8  36.3
Effect of change in foreign exchange rates                0.0  0.1   0.1  -0.2
Cash and cash equivalents at end of period               17.1 57.8  17.1  57.8

ACQUIRED BUSINESSES 2012
Alma Media has acquired the
following business
operations
                             Business             Acquired on   Ownership %
Newpapers segment
Koti-Kymppi newspaper        Local newspaper        2.1.2012        100 %
Digital consumer services
LMC s.r.o                    Online                 2.1.2012        100 %
CV Online                    Online                 1.2.2012        100 %
PlanMyRoom Finland Oy        Online                 2.5.2012        100 %
Suomen Hankintakeskus Oy     Online                 1.6.2012        100 %
Adalia Media Inc             Online                 1.6.2012         51 %
E-kontakti Oy                Online                 1.8.2012        100 %
Profesia s.r.o               Online                15.11.2012       100 %
TAU Online  s.r.o            Online                15.11.2012       100 %
Autovia s.r.o                Online                15.11.2012       100 %
The acquisition of the Newpapers segment has no major impact on
the consolidated financial statements and thus no additional
information is presented.
The following table presents the opening balance sheets of the
acquired operations of Digital Consumer Services in the Group,
the total acquisition price and impact on cash flow:
LMC s.r.o
                             Book values       Fair values at
                             before            the
MEUR                         consolidation     consolidation
Property, plant and
equipment                                  0.2              0.2
Intangible assets                          7.5             22.1
Trade and other receivables                3.3              3.3
Cash and cash equivalents                  5.9              5.9
Assets, total                             16.8             31.4
Deferred tax liabilities                   0.0              2.9
Trade and other payables                   7.5              7.5
Liabilities, total                         7.5             10.4
Total identifiable net
assets at fair value                       9.4             21.0
Cash and cash equivalents of
acquired subsidiaries or
businesses                                                  5.9
CV Online
                             Book values       Fair values at
                             before            the
MEUR                         consolidation     consolidation
Property, plant and
equipment                                  0.0              0.0
Intangible assets                          1.3              2.2
Trade and other receivables                0.2              0.2
Cash and cash equivalents                  0.4              0.4
Assets, total                              2.0              2.9
Deferred tax liabilities                   0.1              0.4
Trade and other payables                   0.5              0.5
Liabilities, total                         0.6              0.8
Total identifiable net
assets at fair value                       1.4              2.1
Cash and cash equivalents of
acquired subsidiaries or
businesses                                                  0.4
E-kontakti Oy
                             Book values       Fair values at
                             before            the
MEUR                         consolidation     consolidation
Property, plant and
equipment                                  0.0              0.0
Intangible assets                          0.0              0.8
Trade and other receivables                0.0              0.0
Cash and cash equivalents                  0.5              0.5
Assets, total                              0.5              1.4
Deferred tax liabilities                   0.0              0.2
Trade and other payables                   0.2              0.2
Liabilities, total                         0.2              0.4
Total identifiable net
assets at fair value                       0.3              1.0
Cash and cash equivalents of
acquired subsidiaries or
businesses                                                  0.5
Profesia s.r.o
                             Book values       Fair values at
                             before            the
MEUR                         consolidation     consolidation
Property, plant and
equipment                                  0.6              0.6
Intangible assets                          0.0             10.5
Trade and other receivables                0.7              0.7
Cash and cash equivalents                  1.2              1.2
Assets, total                              2.4             12.9
Deferred tax liabilities                   0.0              2.4
Trade and other payables                   1.8              1.8
Liabilities, total                         1.8              4.2
Total identifiable net
assets at fair value                       0.7              8.7
Cash and cash equivalents of
acquired subsidiaries or
businesses                                                  1.2
TAU Online
                             Book values       Fair values at
                             before            the
MEUR                         consolidation     consolidation
Property, plant and
equipment                                  0.0              0.0
Intangible assets                          0.0              1.8
Trade and other receivables                0.3              0.3
Cash and cash equivalents                  0.2              0.2
Assets, total                              0.5              2.3
Deferred tax liabilities                   0.0              0.3
Trade and other payables                   0.3              0.3
Liabilities, total                         0.3              0.7
Total identifiable net
assets at fair value                       0.2              1.6
Cash and cash equivalents of
acquired subsidiaries or
businesses                                                  0.2
Autovia
                             Book values       Fair values at
                             before            the
MEUR                         consolidation     consolidation
Property, plant and
equipment                                  0.0              0.0
Intangible assets                          0.0              0.4
Trade and other receivables                0.0              0.0
Cash and cash equivalents                  0.1              0.1
Assets, total                              0.2              0.6
Deferred tax liabilities                   0.0              0.1
Trade and other payables                   0.1              0.1
Liabilities, total                         0.1              0.2
Total identifiable net
assets at fair value                       0.1              0.4
Cash and cash equivalents of
acquired subsidiaries or
businesses                                                  0.1
Purchase consideration, MEUR
                                               Contingent
                             Consideration,    consideration    Total
                             settled in cash   liability        consideration
LMC s.r.o                                 39.2              3.9           43.1
CV Online                                  4.0              1.2            5.2
E-kontakti Oy                              4.3              0.0            4.3
Profesia                                  20.8              0.0           20.8
TAU Online                                 2.5                0            2.5
Autovia                                    0.8                0            0.8
The amount of contingent considerations in based on the operating profits and
EBITDA of the acquired businesses during 2012-2013. Contingent considerations
are classified as financial assets recognized at fair value through profit and
loss. The change in fair value is recognized in the financial items.
Goodwill
arising on
acquisition
                                     Identifiable net
                                     assets of the
               Contingent            acquired business
               consideration         operations                 Goodwill
LMC s.r.o                       43.1                -21.0                 22.0
CV Online                        5.2                 -2.1                  3.1
E-kontakti Oy                    4.3                 -1.0                  3.3
Profesia                        20.8                 -8.7                 12.1
TAU Online                       2.5                 -1.6                  0.9
Autovia                          0.8                 -0.4                  0.4
The other acquisitions by the Digital Consumer Services segment, PlanMyRoom
Finland Oy, Suomen Hankintakeskus Oy and Adalia Media Inc., do not represent
significant assets on the consolidated balance sheet.  The purchase price of
the business operations acquired in the segment totalled MEUR 0.7, generating
MEUR 0.8 in goodwill.
The estimated Group revenue would have been MEUR 329.5 (reported MEUR 320.1)
and the operating profit MEUR 28.0 (reported MEUR 26.1), assuming the
acquisitions had taken place at the beginning of 2012.
The fair values entered on intangible assets in the integration relate
primarily to domains and trademarks, IT applications and customer agreements.
The goodwill created through the acquisitions in affected by the estimated
synergy benefits to be realized from the acquired businesses.

Contingent considerations

Contingent considerations are classified as financial assets recognized at
fair value through profit or loss.
The amount of the contingent considerations due to the acquisitions and
business arrangements is based on
the revenue and operating profits of the acquired business during 2010-2014.
The fair values are the
estimated final considerations discounted to the balance sheet date.

CONTINGENT CONSIDERATION ASSETS
Initial recognition of the assets                                          8.4
Change in fair value during previous financial years                      -1.4
Considerations, settled in cash                                           -5.9
Change in fair value during the financial year                            -0.2
Fair value of the contingent consideration assets in the end of the
period                                                                     0.9
CONTINGENT CONSIDERATION LIABILITY
Initial recognition of the liability                                       8.0
Change in fair value during previous financial years                      -3.4
Considerations, settled in cash                                           -2.0
Change in exchange rate                                                    0.0
Change in fair value during the financial year                            -1.0
Fair value of the contingent consideration liability in the end of the
period                                                                     1.7

REVENUE BY GEOGRAPHICAL AREA, 2012 2011  2012  2011
MEUR                            Q4   Q4 Q1-Q4 Q1-Q4
  Finland                     57.7 77.7 284.0 301.8
  Other EU countries          24.0  3.4  34.1  13.3
  Other countries              0.9  0.3   1.9   1.1
Total                         82.7 81.3 320.1 316.2

Information by segment  

The business segments of Alma Media are Newspapers, Kauppalehti Group, Digital
Consumer Services and
Other Operations. The descriptive section of the Financial Statement Release
presents the revenue and operating profits of the segments and the allocation
of the associated companies' results to the reporting segments.

The following table presents the assets and liabilities by segment as well as
the non-allocated asset and liability items.

ASSETS BY SEGMENT, MEUR               Dec 31 2012 Dec 31 2011
Newspapers                                   40.1        39.6
Kauppalehti Group                            36.4        40.8
Digital consumer services                    89.1        26.6
Other operations                             50.5        22.4
Non-allocated assets and eliminations        28.9        68.5
Total                                       245.1       198.0

LIABILITIES BY SEGMENT, MEUR  Dec 31 2012 Dec 31 2011
Newspapers                           29.0        38.6
Kauppalehti Group                    11.1        11.0
Digital consumer services            15.3         7.5
Other operations                     17.8        14.9
Non-allocated liabilities and        87.3        29.2
eliminations
Total                               160.5       101.2

                            2012 2011  2012  2011
CAPITAL EXPENDITURE, MEUR     Q4   Q4 Q1-Q4 Q1-Q4
  Newspapers                 0.7  1.0   1.8   2.5
  Kauppalehti Group          0.2  0.1   0.6   0.6
  Digital consumer services 26.4  0.4  76.0   2.0
  Others                     5.6  0.5  32.8   1.2
Total                       32.9  2.1 111.3   6.3

Provisions

The company's provisions totalled MEUR 0.5 (1.1) on December 31, 2012. The
major part of the
provisions concern restructuring provisions. It has not been necessary to
change the estimates made when
the provisions were entered.

Commitments and contingencies

COMMITMENTS AND CONTINGENCIES, MEUR                    Dec 31 2012 Dec 31 2011
Collateral for others
  Guarantees                                                   1.3         1.3
Minimum lease payments on other lease agreements:
  Within one year                                              8.6         7.1
  Within 1-5 years                                            25.4        27.1
  After 5 years                                               34.7        43.7
  Total                                                       68.7        77.9
The Group also has purchase agreements that based on IFRIC 4
include a lease component as per IAS 17. Minimum
payments based on these agreements:                            1.6         1.5

Additionally, the total value of financial lease contracts for the machinery
and movables of Alma Media's
new printing facility, agreed with Pohjola Bank plc, is MEUR 44.7. The total
estimated value of the
investment is approximately MEUR 47.0. According to the IAS 17 standard, the
contracts will be recognised
as a finance lease contracts when the printing facility will be operational.

DERIVATIVE CONTRACTS, MEUR                        Dec 31 2012      Dec 31 2011
Commodity derivate contracts, electricity
derivatives
  Fair value *                                           -0.1             -0.1
  Nominal value                                           0.8              1.1
Interest rate derivatives
  Fair value *                                           -0.4
  Nominal value                                          48.0
* The fair-value represents the return that would have arisen if the
derivative had been cleared on the balance sheet date.

Related party transactions

Alma Media Group's related parties are the major shareholders of the parent
company, associated
companies and companies owned by them. Related parties also include the
company's senior management
and their related parties (members of the Board of Directors, President and
CEO and Managing Directors,
and the Group Executive Team). The following table summarises the business
operations undertaken
between Alma Media and its related parties and the status of their receivables
and liabilities:

                                           2012 2011  2012  2011
RELATED PARTY TRANSACTIONS, MEUR             Q4   Q4 Q1-Q4 Q1-Q4
Sales of goods and services                 0.1  0.1   0.8   0.3
Purchases of goods and services             0.9  1.0   3.4   4.0
Trade receivable, loan and other
receivables at the end of reporting period       0.0         0.0
Trade payable at the reporting date         0.1  0.1   0.1   0.1

Option programme  

Alma Media has an option programme 2009. The programme is an incentive and
commitment
system for the company's management.

Under option programme 2009 a total of 2,130,000 stock options may be granted
during 2009-2011, and
these may be exercised to subscribe to a maximum of 2,130,000 Alma Media
shares. Of the total number of
options, 710,000 were marked 2009A, 710,000 were marked 2009B and 710,000 were
marked 2009C.

A total of 640,000 options have been issued under the 2009A programme. The
share subscription period
for 2009A is April 1, 2012-March 31, 2014. The management has 532,750 options
2009A in its possession.
Additionally, the management has sold 62,250 2009A option rights. The share
subscription price has decreased annually by the dividend per share, and was
EUR 3.71 in December 2012. Until December 31, 2012, no share subscriptions
were made through 2009A option rights.

A total of 610,000 options have been issued under the 2009B programme. The
share subscription period
for 2009B is April 1, 2013-March 31, 2015. The management has 505,000 options
in its possession. The
share subscription price has decreased annually by the dividend per share, and
was EUR 6.23 in December
2012.

A total of 640,000 options have been issued under the 2009C programme. The
share subscription period
for 2009C is April 1, 2014-March 31, 2016. The management has 535,000 options
in its possession. The
share subscription price was EUR 7.55 in December 2012.

If all the subscription rights are exercised, the programme 2009 will dilute
the holdings of the
earlier shareholders by 2.22% maximum.

Performance Share Plan 2012  

The Board of Directors of the company will decide on the Plan's performance
criteria and on their targets at the beginning of each performance period. The
potential reward from the Plan for the performance period 2012 will be based
on the Alma Media Group's profitability, and it will be paid partly in the
Company's shares and partly in cash in 2013. In addition, for the members of
the Group Executive Team, the Plan includes one four-year performance period,
calendar years 2012-2014, based on the profitable growth of the Group. The
potential reward from the performance period 2012-2014 will be paid partly in
the Company's shares and partly in cash one year and two years from the end of
the performance period. Altogether 20 persons are included in the Performance
Share Plan.

The Board of Directors of Alma Media Corporation has at its meeting in
February 2012 resolved to
implement a performance share plan for key personnel of Alma Media Group. The
plan includes three (3)
one (1) year performance periods, the calendar years 2012, 2013 and 2014,
based on the Group's return.
Furthermore, for the members of the Group Executive Team, the plan includes
one (1) three (3) year
performance period, the calendar years 2012-2014, based on the profitable
growth of the Group.

The reward from the plan shall be paid to the key employees in a combination
of shares and cash, after the
end of each performance period by the end of April in 2013, 2014 and 2015. The
reward from the
performance period 2012-2014 shall be confirmed by the end of April 2015, and
it shall be paid in two (2)
equal lots in a combination of shares and cash, one (1) year and two (2) years
from the end of the performance period. Shares paid as reward on the basis of
the plan, from the one-year performance periods, may not be assigned, pledged
or otherwise exercised (transfer restriction/s) during the restriction period
established for the shares (restriction period/s). The restriction period
shall begin from the reward payment and end on December 31, 2014 for the
shares earned from the performance period 2012, on December 31, 2015 for the
shares earned from the performance period 2013 and on December 31, 2016 for
the shares earned from the performance period 2014.

There shall be a maximum total of 600,000 shares and a cash payment needed for
taxes and tax-related
costs arising from the reward to the key employees on the book-entry
registration date of the shares that
shall be given as reward on the basis of the entire plan.

No reward was paid according to the Performance Share Plan for the performance
period 2012.

QUARTERLY INFORMATION
                          2012  2012  2012  2012  2011  2011  2011  2011  2010
MEUR                        Q4   7-9   4-6   1-3    Q4   7-9   4-6   1-3    Q4
Revenue
Newspapers                52.6  48.9  53.2  51.9  55.8  52.5  57.1  53.0  57.2
Kauppalehti Group         15.5  12.7  14.4  14.3  15.2  12.6  15.0  13.9  16.1
Digital consumer
services                  14.5  13.3  13.8  14.9  10.5  10.3  10.9  10.4  10.5
Other operations          21.5  21.2  21.0  21.0  20.2  20.1  20.2  19.1  19.1
Eliminations             -21.4 -20.9 -21.4 -21.1 -20.4 -20.3 -20.4 -19.3 -19.9
REVENUE                   82.7  75.2  81.0  81.1  81.3  75.1  82.7  77.1  83.0
Total expenses excluding
non-recurring items
Newspapers                45.4  43.6  46.0  46.1  47.5  45.5  48.1  46.5  48.5
Kauppalehti Group         13.4  11.2  13.5  13.1  13.0  10.6  13.0  12.7  14.4
Digital consumer
services                  13.4  11.1  12.5  12.6   9.6   8.4   9.1   8.7   9.7
Other operations          23.4  21.4  22.8  22.1  21.7  18.8  21.4  19.2  19.3
TOTAL EXPENSES EXCLUDING
NON-RECURRING ITEMS       74.4  66.4  73.4  72.8  71.4  63.1  71.2  67.8  72.0
Operating profit
excluding non-recurring
items
Newspapers                 7.2   5.4   7.2   5.9   8.3   7.0   9.0   6.5   8.8
Kauppalehti Group          2.1   1.5   0.9   1.3   2.2   2.0   2.0   1.2   1.7
Digital consumer
services                   1.1   2.2   1.4   2.4   0.9   1.9   1.8   1.7   0.6
Other operations          -1.9  -0.1  -1.7  -1.0  -1.5   1.3  -1.2  -0.1  -0.1
OPERATING PROFIT
EXCLUDING NON-RECURRING
ITEMS                      8.5   8.9   7.7   8.5  10.1  12.0  11.5   9.3  11.0
% of revenue
Newspapers                13.7  10.9  13.5  11.3  14.9  13.3  15.7  12.3  15.3
Kauppalehti Group         13.5  11.6   6.0   8.9  14.5  16.0  13.1   8.6  10.8
Digital consumer
services                   7.9  16.9  10.2  16.0   8.9  18.1  16.5  16.1   5.5
Other operations          -8.6  -0.6  -8.2  -4.8  -7.5   6.5  -5.8  -0.3  -0.7
% OF REVENUE              10.3  11.8   9.5  10.4  12.4  16.0  14.0  12.1  13.2
Non-recurring items
Newspapers                -0.2  -0.1  -2.6  -0.5  -0.5   0.0   0.0  -0.5  -0.4
Kauppalehti Group         -0.9  -0.1   0.0   0.0   0.0   0.0   0.0   0.0   0.0
Digital consumer
services                  -0.5  -0.5  -0.3  -1.6   0.0   0.0   0.0   0.2   0.2
Other operations           0.7   0.0   0.0  -0.3   0.0   0.4  -0.5   0.0   0.0
NON-RECURRING ITEMS       -0.9  -0.7  -2.9  -2.5  -0.5   0.4  -0.5  -0.3  -0.3
Operating profit  
Newspapers                 7.0   5.2   4.6   5.3   7.8   7.0   9.0   6.0   8.3
Kauppalehti Group          1.2   1.3   0.9   1.3   2.2   2.0   2.0   1.2   1.7
Digital consumer
services                   1.2   1.8   1.1   0.8   0.9   1.9   1.8   1.8   0.7
Other operations          -1.7  -0.1  -1.7  -1.3  -1.5   1.7  -1.7  -0.1  -0.1
OPERATING PROFIT           7.6   8.1   4.8   6.0   9.5  12.4  11.0   9.0  10.7
Finance income             1.0   3.1   0.7   0.0   0.2   1.2   1.0   0.5   1.0
Finance expenses           0.9   0.6   0.3   1.7   3.9   0.3   0.8   0.6   0.3
Share of profit of
associated companies      -3.9  -0.2   0.3  -0.5  -0.6   2.3   0.4   0.4   0.4
PROFIT BEFORE TAX          3.8  10.5   5.6   3.8   5.3  15.6  11.8   9.3  12.1
Income tax                -1.7  -2.4  -1.1  -1.1  -2.4  -3.4  -3.0  -2.4  -2.9
PROFIT FOR THE PERIOD      2.1   8.1   4.5   2.7   2.8  12.2   8.8   6.9   9.2

Main accounting principles (IFRS)

This Financial Statement Release has been prepared according to IFRS standards
(IAS 34). The interim report applies the same accounting principles and
calculation methods as the annual accounts dated December 31, 2012. The annual
report does not, however, contain all the information or notes to the accounts
included in the annual financial statements. This report should therefore be
read in conjunction with the company's financial statements for 2012. The
accounting principles of the financial years 2012 and 2011 are comparable. The
company has no discontinued operations to report in the 2012-2011 financial
periods.

The key indicators are calculated using the same formulae as applied in the
previous annual financial statements. In 2012, two new key indicators have
been introduced; EBITDA excluding non-recurring items and EBITDA. EBITDA
excluding non-recurring items is calculated with the formula: operating profit
excluding non-recurring items + depreciations and write-downs excluding
non-recurring items.  EBITDA is calculated with the formula: operating profit
+ depreciations and write-downs.   The quarterly percentages of Return on
Investment (ROI) and Return on Equity (ROE) have been annualised using the
formula ((1+quarterly return)4)-1). The figures in this financial statement
release are independently rounded.

The Group has applied the following standards and interpretations as of
January 1, 2012:

Change in IFRS7: Financial Instruments: Disclosures
Change in IAS 12: Income Taxes

The impact of the new standards presented above on the Group has been
marginal.

The figures in this annual report are unaudited.

Seasonality

The Group recognises its circulation revenues as paid. Therefore, circulation
revenues accrue in the income statement fairly evenly during the four quarters
of the year. The bulk of circulation invoicing takes place at the beginning of
the year and therefore the cash flow from operating activities is strongest in
the first and second quarters. This also affects the company's balance sheet
position in different quarters.

General Statement

This report contains certain statements that are estimates based on the
management's best knowledge at the time they were made. For this reason they
contain a certain amount of risk and uncertainty. The estimates may change in
the event of significant changes in the general economic conditions.

Next interim report

Alma Media will publish its interim report for January-March, 2013 on Friday,
April 26, 2013, approximately
at 9 a.m (EEST).

ALMA MEDIA CORPORATION
Board of Directors

REVENUE AND OPERATING PROFIT BY SEGMENT IN THE NEW SEGMENT STRUCTURE
2011
REVENUE BY SEGMENT,                            New    Former
MEUR                                     structure structure Change
Newspapers
  External                                   214.1     217.3   -3.2
  Inter-segments                               4.3       4.2    0.1
Newspapers total                             218.3     221.5   -3.1
Kauppalehti Group
  External                                    55.9      55.9      0
  Inter-segments                               0.8       0.8      0
Kauppalehti Group total                       56.7      56.7      0
Digital Consumer Services
  External                                    40.7      37.5    3.2
  Inter-segments                               1.4      -0.5    1.9
Digital Consumer Services total               42.1        37    5.2
Other Operations
  External                                     5.6       5.6   -0.1
  Inter-segments                              73.9      75.9     -2
Other Operations total                        79.5      81.5     -2
Elimination                                  -80.4     -80.4      0
Total                                        316.2     316.2      0
                                               New    Former
OPERATING PROFIT/LOSS BY SEGMENT*, MEUR  structure structure Change
  Newspapers                                  29.7      30.2   -0.4
  Kauppalehti Group                            7.4       7.4      0
  Digital Consumer Services                    6.4       5.8    0.6
  Other operations                            -1.6      -1.4   -0.2
Total                                           42        42      0
*) incl. non-recurring items

                                       

REVENUE AND OPERATING PROFIT BY SEGMENT
IN THE NEW SEGMENT STRUCTURE
2011
REVENUE BY SEGMENT,                      2011  2011  2011  2011  2011
MEUR                                       Q1    Q2    Q3    Q4 Q1-Q4
  Newspapers
  External                                 52    56  51.4  54.6 214.1
  Inter-segments                            1   1.1     1   1.1   4.3
Newspapers total                           53  57.1  52.5  55.8 218.3
Kauppalehti Group
  External                               13.7  14.8  12.4    15  55.9
  Inter-segments                          0.2   0.2   0.2   0.2   0.8
Kauppalehti Group total                  13.9    15  12.6  15.2  56.7
Digital Consumer Services
  External                                 10  10.6   9.9  10.2  40.7
  Inter-segments                          0.4   0.3   0.4   0.3   1.4
Digital Consumer Services total          10.4  10.9  10.3  10.5  42.1
Other Operations
  External                                1.4   1.3   1.3   1.5   5.6
  Inter-segments                         17.7  18.8  18.7  18.7  73.9
Other Operations total                   19.1  20.2  20.1  20.2  79.5
Elimination                             -19.3 -20.4 -20.3 -20.4 -80.4
Total                                    77.1  82.7  75.1  81.3 316.2
                                         2011  2011  2011  2011  2011
OPERATING PROFIT/LOSS BY SEGMENT*, MEUR    Q1    Q2    Q3    Q4 Q1-Q4
  Newspapers                                6     9     7   7.8  29.7
  Kauppalehti Group                       1.2     2     2   2.2   7.4
  Digital Consumer Services               1.8   1.8   1.9   0.9   6.4
  Other operations                       -0.1  -1.7   1.7  -1.5  -1.6
Total                                       9    11  12.4   9.6    42
*) incl. non-recurring items

Alma Media’s Q4 and FY2012

------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Alma Media Oyj via Thomson Reuters ONE
HUG#1678543
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement