- Alma Media's Q3 2015 performance was in line with expectations, with revenue of MEUR 68.0 (-3.5%) and operating profit of MEUR 7.6 (+8.2%).
- Domestic operations were hindered by the weak Finnish market situation, while foreign operations achieved a good result and accounted for 16% of revenue.
- Digital products and services continue to grow, now accounting for 35% of group revenue, and the goal is to further accelerate this growth.
Cox Automotive Market Insight Overview March 2019Philip Nothard
“Welcome to the latest Market Insight Overview from Cox Automotive.
Every month, we provide automotive industry professionals with unique intelligence, supported by invaluable insight and market sentiment from our customers, that goes beyond the headlines to uncover what’s driving the new and used car sectors from wholesale, retail and funding perspectives. We hope our holistic analysis arms you with the essential knowledge needed to navigate the fast-paced, ever-changing automotive market.”
PHILIP NOTHARD Customer Insight & Strategy Director - UK
Cox Automotive Market Insight Overview March 2019Philip Nothard
“Welcome to the latest Market Insight Overview from Cox Automotive.
Every month, we provide automotive industry professionals with unique intelligence, supported by invaluable insight and market sentiment from our customers, that goes beyond the headlines to uncover what’s driving the new and used car sectors from wholesale, retail and funding perspectives. We hope our holistic analysis arms you with the essential knowledge needed to navigate the fast-paced, ever-changing automotive market.”
PHILIP NOTHARD Customer Insight & Strategy Director - UK
In this edition, we present our revised economic scenarios and projections for UK economic growth in 2020 and 2021. We also present our revised fiscal scenarios and projections, an update on the latest economic data, as well as results from a more recent survey we conducted on home-working and the impacts on productivity.
L’IAB US a publié un rapport concernant les revenus de la publicité internet. Dans ce rapport, sont publiés les chiffres des investissements annuels de la pub online aux Etats-Unis en 2015.
Selon ce rapport, réalisé par PWC, les revenus de l’epub affichent une progression de +19% aux USA au premier semestre 2015 vs 2014 et se montent à 27,5 Mds$. Le mobile augmente de +54% et représente désormais 30% des revenus digitaux. Les revenus de la vidéo affichent une progression de +35%, et de +51% pour le social media. Le search reste le premier format investi (37%), en progression de +11%.
Learn all about the economic outlook from Sage Policy Group, Inc.'s presentation for Citrin Cooperman's October 19 event, Economic Summit: Planning Your Business for Tomorrow's Economy.
Com Hem - Interim Report Q3 2014 - Presentationcomhemgroup
Increased customer intake – delivering on the plan. Third quarter summary. Revenue totaled SEK 1,210m (1,104), an increase of 9.6% over the third quarter of 2013. Underlying EBITDA was SEK 576m (569), an increase of 1.1% over the third quarter of 2013. Operating free cash flow was SEK 318m (302), an increase of 5.3% over the third quarter of 2013. Net result for the period was SEK 7m (-82). Earnings per share were SEK 0.03 (-0.82). Pro forma earnings per share were1) SEK 0.02 (-0.39).
In this edition, we present our revised economic scenarios and projections for UK economic growth in 2020 and 2021. We also present our revised fiscal scenarios and projections, an update on the latest economic data, as well as results from a more recent survey we conducted on home-working and the impacts on productivity.
L’IAB US a publié un rapport concernant les revenus de la publicité internet. Dans ce rapport, sont publiés les chiffres des investissements annuels de la pub online aux Etats-Unis en 2015.
Selon ce rapport, réalisé par PWC, les revenus de l’epub affichent une progression de +19% aux USA au premier semestre 2015 vs 2014 et se montent à 27,5 Mds$. Le mobile augmente de +54% et représente désormais 30% des revenus digitaux. Les revenus de la vidéo affichent une progression de +35%, et de +51% pour le social media. Le search reste le premier format investi (37%), en progression de +11%.
Learn all about the economic outlook from Sage Policy Group, Inc.'s presentation for Citrin Cooperman's October 19 event, Economic Summit: Planning Your Business for Tomorrow's Economy.
Com Hem - Interim Report Q3 2014 - Presentationcomhemgroup
Increased customer intake – delivering on the plan. Third quarter summary. Revenue totaled SEK 1,210m (1,104), an increase of 9.6% over the third quarter of 2013. Underlying EBITDA was SEK 576m (569), an increase of 1.1% over the third quarter of 2013. Operating free cash flow was SEK 318m (302), an increase of 5.3% over the third quarter of 2013. Net result for the period was SEK 7m (-82). Earnings per share were SEK 0.03 (-0.82). Pro forma earnings per share were1) SEK 0.02 (-0.39).
RISULTATI PRIMO TRIMESTRE 2018
RICAVI1 TOTALI A € 69,5 MILIONI -1,1% SU BASE ANNUA, CRESCONO DEL +6% I RICAVI DIGITALI
EBITDA A € 12,7 MILIONI VS €10,4 MILIONI NEL Q1 2017, AL NETTO DEGLI EFFETTI IFRS 162 EBITDA Q1 2018 PARI A € 10,5 MILIONI (+0,7%)
UTILE NETTO A € 3,9 MILIONI VS €1,6 MILIONI NEL Q1 2017
DISPONIBILITA’ LIQUIDE PARI A € 92 MILIONI, +23% RISPETTO AL 31 DICEMBRE 2017
ITALIAONLINE SI CONFERMA LA PRIMA INTERNET COMPANY ITALIANA CON DATI DI AUDIENCE GIORNALIERA IN CRESCITA DEL +14% SU BASE ANNUA
Interim Review January-September 2015: Strong development in orders received in China - profitability in the targeted range in Q3/2015
Presentation material at the news conference on October 28, 2015.
Barry Callebaut Full-Year Results 2018/19 - Media/Analyst PresentationBarry Callebaut
Mid-term guidance delivered, good momentum continues - we just published our Full-Year Results for the fiscal year 2018/19 (ended August 31, 2019). Check out our Roadshow Presentation 2018/19 to check out more details of our financial results as well as an outlook for our business.
#BarryCallebaut #chocolate #cocoa #FinancialResults
Interim Review January-June 2015: Strong start for Automation as part of Valmet - profitability reached the targeted range in Q2/2015.
Presentation material at the news conference on July 30, 2015.
Our CEO Repe Harmanen addressed investors in Stockholm. He spoke about our international growth strategy and he gave 3 reasons to invest in Solteq. You can view the whole presentation here and if you want to see a recording from the event, please follow the link: https://wonderland.videosync.fi/2016-09-01-solteq-oyj
3. Alma Media’s performance Q3/2015 – main points
The Group’s performance was in line
with expectations
• Revenue MEUR 68.0 (-3.5%)
• Operating profit MEUR 7.6 (+8.2%)
• The Group’s relative profitability has improved:
operations have been streamlined and
unprofitable businesses have been divested.
Operating profit was 11.1% of revenue.
• Continued focus on the growth and development
of digital products and services: share of Group
revenue now 35%.
• Foreign operations achieved a good result and
accounted for 16% of Group revenue.
• The recruitment business grew by nearly 27% and
had good profitability.
Domestic operations hindered by the weak
Finnish market situation
• Marketplaces business: domestic revenue at the
previous year’s level, profitability improved by
cost savings.
• Financial Media and Business Services: growth
attributable particularly to JMTieto, profitability
at the previous year’s level.Alma360 was sold to
Otavamedia.
• National Consumer Media: revenue continued to
decrease, particularly in print media, but the
decline in profitability slowed down.
• Regional Media: profitability remained at the
2014 level thanks to streamlining measures in
publishing operations and the improved
efficiency of printing.
23.10.2015 @AlmaMedia_IR 3
4. Q3 revenue and operating profit
• Q3 revenue decreased by 3.5%, primarily due to
divestments.
• Content revenue declined by 9.7%
• Content revenue from digital channels did not cover the
decline in print content revenue.
• Advertising revenue decreased by 1.2%
• Online advertising sales increased by 11.2%.
• Advertising sales for print media decreased by 14.3%
• Operating profit excluding non-recurring items
increased by 8.2%
• Operating profit was MEUR 6.0, or 8.8% of revenue.
• The operating profit includes net non-recurring items of MEUR -
1.6. Impairment of MEUR 1.4 recognised in relation to the
divested customer magazine business.
• Total expenses excluding non-recurring items
decreased by 4.5% year-on-year to MEUR 60.6.
23.10.2015 @AlmaMedia_IR
Revenue, MEUR
IFRS
28.0 25.3
33.5
33.1
8.9
9.6
0
10
20
30
40
50
60
70
80
Q3 14 Q3 15
Content sales Advertising Sales Net sales of services
-1.8% -3.5%
EBIT, MEUR
IFRS
7.0
7.6
-0.5
-1.6
-4.0
-2.0
0.0
2.0
4.0
6.0
8.0
10.0
Q3 14 Q3 15
Non-recurring items
-9.9%
+8.2%
5. Digital products and services are growing to account for a higher
share of revenue – the goal is to further accelerate this growth
23.10.2015 @AlmaMedia_IR 5
Segment’s share of the Group’s
digital revenue
MEUR
44 40
49
57
78
84
95
74
12.9 % 13.1 %
15.7 %
18.0 %
24.3 %
28.1 %
32.0 %
34.6 %
0%
5%
10%
15%
20%
25%
30%
35%
2008 2009 2010 2011 2012 2013 2014 2015 Q3
YTD
0
10
20
30
40
50
60
70
80
90
100
Revenue from digital business Share of total revenue
MEUR
4.1 %
10.6 %
22.5 %
62.8 %
Regional Media
National Consumer Media
Financial Media and Business Services
Digital Consumer Services
Online business revenue grew by 9.5% in Q3
6. Combination of Alma Media andTalentum
• Alma Media has for long beenTalentum’s largest shareholder
with a stake of more than 32%.The Combination Agreement and
theTalentum Exchange Offer are a logical step in the
implementation of Alma Media’s strategy.
• The Combination will:
• Ensure the future of high-quality Finnish business journalism and its
competitiveness against intensifying global competition and in Finland’s
likely weak remaining economic situation.
• Enable the investments required by digitisation and changes in consumer
behaviour.
• Talentum will be combined with the Financial Media and Business
Services unit.Talentum’s Group functions will be combined with
Alma Media’s corresponding functions.The Combination will not
affect Alma Media’s other business units.
• Authority permissions, e.g. from the competition authorities, are
required for the combination.
• Provided that the conditions of the offer are met, it is the
intention of Alma Media to redeem any possible minority
holdings and to request thatTalentum be delisted from the
Helsinki Stock Exchange.
• The combination is expected to be closed in the course of
H1/2016
The offer period of the Exchange Offer
began on 15 October 2015.
Initially expected to end on
12 November 2015,
unless the offer period is extended.
9. Online advertising growth has slowed down
23.10.2015 @AlmaMedia_IR 9
YTD change from previous year, %
Source: TNS Media Intelligence
-4%
-2%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 2015
10. Steady decrease in newspaper* advertising
23.10.2015 @AlmaMedia_IR 10
YTD change from previous year, %
Source: TNS Media Intelligence
* Newspapers, local and free issue papers
-14%
-12%
-10%
-8%
-6%
-4%
-2%
0%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 2015
11. Advertising decreasing in most industries
23.10.2015 @AlmaMedia_IR 11
Total market, change from previous year
Source: TNS Media Intelligence
Total -2.7% Total -4.2% Total -6.0%
P7 2015 vs 2014 P8 2015 vs 2014 P9 2015 vs 2014
-8.3 %
-12.4 %
5.7 %
-6.8 %
-3.4 %
-6.6 %
-5.9 %
-0.8 %
7.5 %
Other
Tele
Recru
Tourism
Entert
Houses
Food & bev.
Motor v.
Retail
-8.2 %
-25.9 %
-2.6 %
-5.9 %
27.4 %
-15.5 %
6.0 %
-3.2 %
-2.1 %
Other
Tele
Recru
Tourism
Entert
Houses
Food & bev.
Motor v.
Retail
-3.2 %
-49.2 %
-9.5 %
-18.9 %
4.1 %
-5.5 %
-18.0 %
4.0 %
-4.1 %
Other
Tele
Recru
Tourism
Entert
Houses
Food & bev.
Motor v.
Retail
14. 23.10.2015 @AlmaMedia_IR 14
The significance of foreign operations to Alma Media’s
income formation continued to increase in Q3
• Slow economic growth in Finland
is weighing down on the revenue
and profitability of Alma Media’s
domestic operations.
Revenue, MEUR Q3 15 Q3 14 Chg Chg %
Digital Consumer Services 15.3 13.5 1.8 13.1 %
Financial Media and Business Services 12.5 12.2 0.3 2.3 %
National Consumer Media 9.9 11.5 -1.6 -13.7 %
Regional Media 31.6 34.6 -3.0 -8.7 %
Alma Media total 68.0 70.5 -2.5 -3.5 %
EBIT, MEUR Q3 15 Q3 14 Chg Chg %
Digital Consumer Services 4.0 2.6 1.4 54.6%
Financial Media and Business Services 2.1 2.2 0.0 -1.4%
National Consumer Media 0.7 0.8 -0.1 -13.7%
Regional Media 2.7 2.6 0.1 2.1%
Alma Media total 7.6 7.0 0.6 8.2 %
EBIT % Q3 15 Q3 14 Chg
Digital Consumer Services 26.2 19.4 6.8
Financial Media and Business Services 17.1 17.6 -0.5
National Consumer Media 6.6 6.6 0.0
Regional Media 8.6 7.7 0.9
Alma Media total 11.1 9.9 1.2
15. Digital Consumer Services Q3/2015:
continued strong growth in foreign markets
• Revenue grew by 13.1% to MEUR 15.3
• In Finland, profitability was at the same level as in 2014 the previous
year in spite of the challenging domestic market situation.
• Recruitment service revenue increased by 26.5%
and accounted for 73,9% of the segment’s revenue.
• Strong growth continued particularly in Eastern Central
Europe.
• The operating profit was 4.0 MEUR. No non-
recurring expenses were reported during the
review period.
23.10.2015 @AlmaMedia_IR 15
Revenue and operating profit,
MEUR & %
13.5
15.3 15.3
2.6
3.9 4.0
19.4 %
25.6 % 26.2 %
0%
5%
10%
15%
20%
25%
30%
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
Q3 14 Q4 14 Q1 15 Q2 15 Q3 15
+56.9% +54.6%
+9.4% +13.1%
16. Financial Media and Business Services Q3/2015:
growth boosted especially by JMTieto
• Revenue increased by 2.3% to MEUR 12.5
• Digital business accounted for 43.7% of revenue.
• Content revenue increased by 0.6% and was
MEUR 4.0
• Kauppalehti’s digital content revenue grew by 16,8%, covering the
decline in print media content revenue.
• Advertising sales declined by MEUR 0.3 and digital
content revenue rose by 3.5%.
• Service revenue increased by 13.5% to MEUR 5.2.
• JMTieto increased service revenue by MEUR 0.8.
• Operating profit decreased by 1.4% to MEUR 2.1.
• MEUR 1.4 in non-recurring items recognised in the review
period.
23.10.2015 @AlmaMedia_IR 16
Revenue and operating profit,
MEUR & %
12.2
14.0
12.5
2.2
1.9
2.1
17.7 %
13.3 %
17.1 %
0%
5%
10%
15%
20%
25%
30%
-1.0
1.0
3.0
5.0
7.0
9.0
11.0
13.0
15.0
17.0
Q3 14 Q4 14 Q1 15 Q2 15 Q3 15
+40.1% -1.4%
+7.2% +2.3%
17. National Consumer Media Q3/2015: positive signs in
mobile advertising
• Revenue declined by 13.7% to MEUR 9.9.
• Online business accounted for 25.9% of the segment’s revenue.
• Content revenue decreased by 16.4% due to a decline in
Iltalehti’s circulation.
• Advertising sales decreased by 9.2%.
• Online advertising sales declined by 4.1% as display advertising
fell, but rate of decline slowed down as a result of growth in
mobile advertising sales. Programmatic buying has cut the
segment’s overall online advertising sales as well.
• Advertising sales for print media decreased by 19.8%.
• Total expenses excluding non-recurring items decreased
by 13.7% to MEUR 9.2.
• The decrease was attributable to a decline in volume-linked
printing and distribution costs and a reduction in content
acquisition expenses.
• Operating profit declined to MEUR 0.7. No non-recurring
expenses were reported during the review period.
23.10.2015 @AlmaMedia_IR 17
Revenue and operating profit,
MEUR & %
11.5
10.7
9.9
0.8 0.9 0.7
6.6 %
8.1 %
6.6 %
-5%
0%
5%
10%
15%
20%
25%
30%
-2.0
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
Q3 14 Q4 14 Q1 15 Q2 15 Q3 15
-48.0%
-13.7%
-15.8% -13.7%
18. Regional Media Q3/2015: adjustment measures and the
external sales of printing services kept profitability at the
2014 level
• Revenue was MEUR 31.6.
• Digital business accounted for 3.2% of revenue.
• The effect of divested business operations on the decrease in
revenue was MEUR 2.8.
• Content revenue declined by 8.9%.
• Advertising sales decreased by 12.2%.
• Online advertising sales increased by 20.2%.
• Service revenue increased by 3.3%.
• Total expenses declined to MEUR 29.1 as a result of
efficiency improvement measures in printing operations and
the divestment of business operations in Kainuu.
• Operating profit excluding non-recurring items was
MEUR 2.7.
23.10.2015 @AlmaMedia_IR 18
Revenue and operating profit,
MEUR & %
34.6 34.0
31.6
2.6 2.6 2.7
7.7 % 7.7 %
8.6 %
0%
5%
10%
15%
20%
25%
30%
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
Q3 14 Q4 14 Q1 15 Q2 15 Q3 15
-11.8% +2.1%
-8.5% -8.7%
25. 23.10.2015 @AlmaMedia_IR 25
The focal points of the implementation
of the strategy
Multi-channel
content
Marketing
solutions
Digital services
Resources and
expertise
We will build new capacities, seek efficiency and
accelerate growth in digital services and
media.
26. Alma Regional Media modernises its operational model
and launches statutory personnel negotiations
• Regional Media initiated statutory personnel negotiations in
September to restructure its operations. The negotiations apply to
the publication employees of Regional Media (except papers
published in Lapland ) Alma Manu Oy, the printing and distribution
company under Regional Media, is not included in the negotiations.
• According to a preliminary estimate, the number of employees may
be reduced by at most 85 man-years. All in all, the negotiations
apply to approximately 500 people.
• There is a need to modernise the operational models of the
newspapers to better support the media that is becoming more and
more digitised.The changes are also necessitated by the financial
performance of the newspaper family.
• The objective of the reorganising is to inspect all operations in
deliveries, production, sales, customer service, and support
functions.
27. Restructuring the commercial operations of media
sales, the Alma Media Solutions organisation
• The objective is to strengthen the development of digital
solutions for advertising and marketing communications,
handling of key accounts, sales support as well as marketing
and sales.
• A centralised operating model enables the realisation of new
Alma-level products and customer-specific, unique solutions
especially in digital format.
• Digital advertising services, advertising management and
technical support for advertising will also be strengthened.
The aim is to support the development of programmatic
buying in advertising, as well as to strengthen data and
analytics expertise to serve media sales.
• In conjunction with the organisational restructuring, the Alma
Diverso unit was discontinued and its employees were
transferred to other Alma Media business units.
28. Outlook for 2015
• Low interest rates, a weaker euro and lower oil price improve
the chances for growth in the long run. However, in 2015,
economic growth is still expected to remain weak in Europe
and, in particular, in Finland.The weak economic
development has an impact on advertising volume, which is
not expected to increase in Finland in 2015.
• Alma Media expects its revenue to decrease in 2015 and
operating profit excluding non-recurring items to remain
unchanged or decrease from the 2014 level.The full-year
revenue 2014 was MEUR 295.4, and operating profit
excluding non-recurring items was MEUR 21.4.
23.10.2015 @AlmaMedia_IR 28