Alma Media Oyj

Alma Media Corporation has announced the appointment of members to its Shareholders’ Nomination Committee. The appointed members include Timo Aukia, Heikki Herlin, Henrik Ehrnrooth, and Rami Vehmas, with Henrik Ehrnrooth serving as Chairman. Catharina Stackelberg-Hammarén and Mikko Korttila will participate as an expert member and secretary, respectively. The committee, established in 2015, is responsible for preparing proposals related to the election and remuneration of the Board of Directors for the Annual General Meeting. Alma Media is a digital media company operating in 11 European countries, with notable brands in Finland and recruitment services in Eastern Central Europe. The company reported a revenue of EUR 305 million in 2023, with 82% from digital business, and is listed on NASDAQ Helsinki.

Alma Media Corporation released its interim report for January to September 2024, highlighting a 6.7% increase in adjusted operating profit for Q3, driven by the Marketplaces and News Media segments. The company's revenue for the third quarter rose by 2.4% to EUR 75.2 million, aided by acquisitions, despite a negative impact from the weakened Czech koruna. Domestic advertising sales declined by 2.7%. The digital business accounted for a record 86.2% of total revenue. Investments continued in the Career and Marketplaces segments, although revenue in the Career segment fell by 4.1% to EUR 26.3 million. The Marketplaces segment saw a 16.6% revenue increase to EUR 24.5 million, partly due to the acquisition of Netwheels. The News Media segment experienced a 2.2% revenue decline, but improved profitability through cost management. Alma Media is focusing on AI-driven projects to enhance operations and develop new business concepts. The company expects its full-year revenue and adjusted operating profit for 2024 to remain at 2023 levels. The economic outlook remains challenging, with zero growth projected for Finland, although some positive signs, such as decreasing inflation and interest rates, may bolster consumer confidence.