Alma Media's revenue for Q4/2014 nearly remained at the same level as the previous year, while operating profit excluding non-recurring items decreased. The company's print media business in Finland performed weakly due to the weak economy. However, the digital recruitment service business outside of Finland saw strong growth. For the full year 2014, the Group's revenue declined by 1.6% while operating profit decreased by 11.5% compared to 2013. Digital products and services accounted for an increasing share of the Group's revenue.
- Alma Media's Q3 2014 revenue declined slightly year-over-year due to decreases in its Finnish operations, while international operations grew. Digital advertising sales exceeded print sales for the first time.
- Operating profit declined due to decreases in several business segments. Revenue was down in the Regional Media, National Consumer Media, and Financial Media segments, though digital revenue grew.
- For the full year 2014, Alma Media expects revenue to remain flat compared to 2013, but operating profit to be lower due to declines in some business areas. International operations and digital growth helped offset declines in Finland.
- 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.
Presentation for investors and analysts_Q1_2015Alma Media
- Alma Media's revenue remained almost at the previous year's level in Q1 2015, while operating profit excluding non-recurring items decreased by 22.6% due to challenges in the Finnish market.
- Revenue from domestic business operations declined due to the general economic situation in Finland, while recruitment business outside Finland continued to see strong growth above 18%.
- In the first quarter, Alma Media implemented structural reforms and sold its newspaper business in Kainuu in order to improve profitability of the publishing business.
- Alma Media's Q2 revenue declined 3.5% to MEUR 73.0 due to divestments, while operating profit improved 8% to MEUR 6.8. Growth in foreign markets compensated for declines in domestic revenue and profitability.
- Digital Consumer Services saw continued strong growth outside of Finland, with recruitment services revenue growing 20.7%. Financial Media and Business Services grew revenue 7.2% boosted by the acquisition of JMTieto.
- National Consumer Media revenue declined 15.8% due to weak domestic advertising, while cost cuts helped reduce the operating profit decline. Regional Media revenue fell 8.5% but cost adaptations and increased printing revenue helped maintain profitability.
The document provides an overview and analysis of TIM Brasil's 2014 results. Some key highlights include:
- TIM Brasil achieved solid financial results in 2014, with customer base growth to 75.7 million, revenue growth of 4.8%, and EBITDA growth of 6.4%.
- Data usage continued to accelerate, becoming the main driver of revenues and growth. Data revenues increased 49% year-over-year.
- Profitability improved through cost optimization efforts and a focus on higher-margin businesses like smartphones, data, and fixed broadband. EBITDA margin expanded 5.2 percentage points for the full year.
- However, regulatory mobile termination rate cuts continued to negatively impact revenues
The document provides an overview and analysis of TIM Brasil's 2014 results. Some key highlights include:
- TIM Brasil achieved solid financial results in 2014, with growth in EBITDA, EBIT, and net income. EBITDA grew 6.4% year-over-year.
- The company's customer base grew 3.4% to reach 75.7 million customers. Data usage also increased substantially.
- TIM Brasil continued focusing on offering innovative plans centered around data and digital services to drive growth. This included plans like "Controle WhatsApp" and shared data plans.
- Revenue from data and digital services rose significantly and accounted for a growing portion of total revenues
The document summarizes the transformation of Segodnya Multimedia from value destruction to value creation through overcoming internal and external crises from 2006 to 2011. It describes how the company addressed issues like low profitability, lack of strategy and leadership through turnaround actions like restructuring management, implementing training programs, and adapting content and pricing. These actions helped Segodnya survive the economic downturn of 2008-2009 and position it for future growth and profitability.
The document is a presentation by TIM Brasil providing an overview of the company's market positioning, recent results, network and quality evolution, fixed business, business outlook, and regulatory updates. It discusses TIM's market share, customer base, revenues, EBITDA, network infrastructure including antennas and fiber optics, 4G performance, and innovation in services. It also summarizes the company's strategic focus on data, efficiency, and profitability amid challenges in the mobile market.
- Alma Media's Q3 2014 revenue declined slightly year-over-year due to decreases in its Finnish operations, while international operations grew. Digital advertising sales exceeded print sales for the first time.
- Operating profit declined due to decreases in several business segments. Revenue was down in the Regional Media, National Consumer Media, and Financial Media segments, though digital revenue grew.
- For the full year 2014, Alma Media expects revenue to remain flat compared to 2013, but operating profit to be lower due to declines in some business areas. International operations and digital growth helped offset declines in Finland.
- 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.
Presentation for investors and analysts_Q1_2015Alma Media
- Alma Media's revenue remained almost at the previous year's level in Q1 2015, while operating profit excluding non-recurring items decreased by 22.6% due to challenges in the Finnish market.
- Revenue from domestic business operations declined due to the general economic situation in Finland, while recruitment business outside Finland continued to see strong growth above 18%.
- In the first quarter, Alma Media implemented structural reforms and sold its newspaper business in Kainuu in order to improve profitability of the publishing business.
- Alma Media's Q2 revenue declined 3.5% to MEUR 73.0 due to divestments, while operating profit improved 8% to MEUR 6.8. Growth in foreign markets compensated for declines in domestic revenue and profitability.
- Digital Consumer Services saw continued strong growth outside of Finland, with recruitment services revenue growing 20.7%. Financial Media and Business Services grew revenue 7.2% boosted by the acquisition of JMTieto.
- National Consumer Media revenue declined 15.8% due to weak domestic advertising, while cost cuts helped reduce the operating profit decline. Regional Media revenue fell 8.5% but cost adaptations and increased printing revenue helped maintain profitability.
The document provides an overview and analysis of TIM Brasil's 2014 results. Some key highlights include:
- TIM Brasil achieved solid financial results in 2014, with customer base growth to 75.7 million, revenue growth of 4.8%, and EBITDA growth of 6.4%.
- Data usage continued to accelerate, becoming the main driver of revenues and growth. Data revenues increased 49% year-over-year.
- Profitability improved through cost optimization efforts and a focus on higher-margin businesses like smartphones, data, and fixed broadband. EBITDA margin expanded 5.2 percentage points for the full year.
- However, regulatory mobile termination rate cuts continued to negatively impact revenues
The document provides an overview and analysis of TIM Brasil's 2014 results. Some key highlights include:
- TIM Brasil achieved solid financial results in 2014, with growth in EBITDA, EBIT, and net income. EBITDA grew 6.4% year-over-year.
- The company's customer base grew 3.4% to reach 75.7 million customers. Data usage also increased substantially.
- TIM Brasil continued focusing on offering innovative plans centered around data and digital services to drive growth. This included plans like "Controle WhatsApp" and shared data plans.
- Revenue from data and digital services rose significantly and accounted for a growing portion of total revenues
The document summarizes the transformation of Segodnya Multimedia from value destruction to value creation through overcoming internal and external crises from 2006 to 2011. It describes how the company addressed issues like low profitability, lack of strategy and leadership through turnaround actions like restructuring management, implementing training programs, and adapting content and pricing. These actions helped Segodnya survive the economic downturn of 2008-2009 and position it for future growth and profitability.
The document is a presentation by TIM Brasil providing an overview of the company's market positioning, recent results, network and quality evolution, fixed business, business outlook, and regulatory updates. It discusses TIM's market share, customer base, revenues, EBITDA, network infrastructure including antennas and fiber optics, 4G performance, and innovation in services. It also summarizes the company's strategic focus on data, efficiency, and profitability amid challenges in the mobile market.
The document provides an overview of demographic, economic, and quality of life trends in the Gauteng City-Region (GCR) based on census and survey data. Some key points:
1. The population of Gauteng province has grown rapidly, increasing by over 2.9 million between 2001-2011 to a total of 12.3 million people, which represents 23.7% of South Africa's total population.
2. Gauteng contributes disproportionately to South Africa's economy, representing 36% of national GDP while only comprising 2% of the country's total land area. However, unemployment in Gauteng remains the highest among OECD metro-regions.
3. Access to basic
The document provides an overview of CIR S.p.A.'s financial results for fiscal year 2015. Key points include:
- Consolidated net income was €42 million compared to a net loss of €23.4 million in 2014, driven by contributions from Espresso, Sogefi, and KOS groups.
- Revenues increased slightly to €2.544 billion. The net financial position was -€121.7 million.
- Espresso saw declines in print advertising and circulation but growth in radio and digital. Sogefi grew revenues 11.1% through organic and acquisition growth. KOS grew revenues 11.9% through acquisitions in nursing homes and rehabilitation
The document summarizes key digital advertising trends from Adobe's Q4 2015 report. It found that search marketing continued growing healthily in the US and UK, and mobile transactions increased significantly as consumers were finally using smartphones to purchase items. Programmatic display spending was found to be inefficient, with higher costs at the beginning of months. Retail spending in the US saw front-loading in 2015 with more spending in November, priming customers to purchase earlier.
ITC Q1FY15 results in line with estimates; buy - HDFC SecIndiaNotes.com
ITC’s Q1FY15 results (Y-o-Y) were in line with our estimates. Cigarettes volumes declined for fifth straight quarter by ~2-3%. However, this was on expected lines. Steep price hikes initiated supported the overall growth, which remained in high double digits.
For the fifth year running, Across Health is presenting you with its truly unique digital landscape overview among life sciences in Europe, US and emerging markets. The Digital Barometer gives you a 360°view on the status, challenges and future of “The New Normal”, i.e. where digital has become a commodity & is fully integrated in the overall channel mix.
This document is a thesis submitted by Sahin Renckes to Anadolu University in partial fulfillment of the requirements for a Master of Science degree in Computer Engineering. The thesis proposes several privacy-preserving techniques for making predictions using hidden Markov models and for collaborative filtering recommendations. It presents methods for computing prediction probabilities and finding optimal state sequences on distributed hidden Markov models while preserving privacy. It also introduces a new hybrid recommendation algorithm and schemes to implement the algorithm with privacy concerns. The thesis analyzes the proposed schemes in terms of accuracy, privacy, and efficiency based on experiments with real datasets.
This document discusses performance evaluation of academics in social sciences in Turkey. It begins by providing context on the increasing emphasis universities place on performance evaluation, with research output and publications being top criteria. In Turkey, universities have adopted various assessment schemes that prioritize research output. However, the document notes there is debate around what criteria should be used to evaluate performance, and what difficulties exist in applying criteria from developed countries to developing countries like Turkey. The document aims to examine Turkey's evaluation practices in comparison to other countries and identify issues and trade-offs regarding performance criteria.
IMPAX PET & SPECT Viewing is software from Agfa HealthCare that allows radiologists to view and compare imaging studies from multiple modalities like CT, MRI, PET and SPECT. It provides automated registration of PET/SPECT and CT/MRI studies from different time points with a single click. The software also offers advanced visualization tools like fused views and SUV calculations to help optimize diagnostic workflows and follow-up studies. IMPAX PET & SPECT Viewing tightly integrates with Agfa HealthCare's IMPAX radiology platform and does not require specialized training to use.
This document provides an agenda and materials for Alma Media Capital Markets Day on November 27, 2014. The agenda includes presentations on digital strategy from Kai Telanne, financial development from Juha Nuutinen, and closing remarks again from Kai Telanne. The materials include data and charts on trends in digital media consumption, the impact on the media market, Alma Media's digital growth strategy and key initiatives, financial performance and targets, and segment results. The goal is to provide investors insights into Alma Media's transition to digital and growth opportunities.
Graph coloring involves assigning colors to objects in a graph subject to constraints. Vertex coloring assigns colors to vertices such that no adjacent vertices share the same color. The chromatic number is the minimum number of colors needed. Graph coloring has applications in scheduling, frequency assignment, and register allocation. Register allocation with chordal graphs can be done in polynomial time rather than NP-complete, since programs in SSA form have chordal interference graphs. A greedy algorithm can color chordal graphs in linear time, enabling simple and optimal register allocation.
The document provides an overview of PubliGroupe's financial results for 2013. It summarizes that PubliGroupe achieved a balanced operating result for 2013 but reported a net loss of CHF -5.9 million, which was in line with previous guidance. Key highlights included substantially reduced costs at Media Sales/Publicitas due to restructuring, solid results from Search & Find driven by digital revenue at local.ch, and 5% revenue growth at Zanox. The presentation includes segment-level summaries of financial performance and key metrics for 2013 compared to 2012.
The document provides an overview of demographic, economic, and quality of life trends in the Gauteng City-Region (GCR) based on census and survey data. Some key points:
1. The population of Gauteng province has grown rapidly, increasing by over 2.9 million between 2001-2011 to a total of 12.3 million people, which represents 23.7% of South Africa's total population.
2. Gauteng contributes disproportionately to South Africa's economy, representing 36% of national GDP while only comprising 2% of the country's total land area. However, unemployment in Gauteng remains the highest among OECD metro-regions.
3. Access to basic
The document provides an overview of CIR S.p.A.'s financial results for fiscal year 2015. Key points include:
- Consolidated net income was €42 million compared to a net loss of €23.4 million in 2014, driven by contributions from Espresso, Sogefi, and KOS groups.
- Revenues increased slightly to €2.544 billion. The net financial position was -€121.7 million.
- Espresso saw declines in print advertising and circulation but growth in radio and digital. Sogefi grew revenues 11.1% through organic and acquisition growth. KOS grew revenues 11.9% through acquisitions in nursing homes and rehabilitation
The document summarizes key digital advertising trends from Adobe's Q4 2015 report. It found that search marketing continued growing healthily in the US and UK, and mobile transactions increased significantly as consumers were finally using smartphones to purchase items. Programmatic display spending was found to be inefficient, with higher costs at the beginning of months. Retail spending in the US saw front-loading in 2015 with more spending in November, priming customers to purchase earlier.
ITC Q1FY15 results in line with estimates; buy - HDFC SecIndiaNotes.com
ITC’s Q1FY15 results (Y-o-Y) were in line with our estimates. Cigarettes volumes declined for fifth straight quarter by ~2-3%. However, this was on expected lines. Steep price hikes initiated supported the overall growth, which remained in high double digits.
For the fifth year running, Across Health is presenting you with its truly unique digital landscape overview among life sciences in Europe, US and emerging markets. The Digital Barometer gives you a 360°view on the status, challenges and future of “The New Normal”, i.e. where digital has become a commodity & is fully integrated in the overall channel mix.
This document is a thesis submitted by Sahin Renckes to Anadolu University in partial fulfillment of the requirements for a Master of Science degree in Computer Engineering. The thesis proposes several privacy-preserving techniques for making predictions using hidden Markov models and for collaborative filtering recommendations. It presents methods for computing prediction probabilities and finding optimal state sequences on distributed hidden Markov models while preserving privacy. It also introduces a new hybrid recommendation algorithm and schemes to implement the algorithm with privacy concerns. The thesis analyzes the proposed schemes in terms of accuracy, privacy, and efficiency based on experiments with real datasets.
This document discusses performance evaluation of academics in social sciences in Turkey. It begins by providing context on the increasing emphasis universities place on performance evaluation, with research output and publications being top criteria. In Turkey, universities have adopted various assessment schemes that prioritize research output. However, the document notes there is debate around what criteria should be used to evaluate performance, and what difficulties exist in applying criteria from developed countries to developing countries like Turkey. The document aims to examine Turkey's evaluation practices in comparison to other countries and identify issues and trade-offs regarding performance criteria.
IMPAX PET & SPECT Viewing is software from Agfa HealthCare that allows radiologists to view and compare imaging studies from multiple modalities like CT, MRI, PET and SPECT. It provides automated registration of PET/SPECT and CT/MRI studies from different time points with a single click. The software also offers advanced visualization tools like fused views and SUV calculations to help optimize diagnostic workflows and follow-up studies. IMPAX PET & SPECT Viewing tightly integrates with Agfa HealthCare's IMPAX radiology platform and does not require specialized training to use.
This document provides an agenda and materials for Alma Media Capital Markets Day on November 27, 2014. The agenda includes presentations on digital strategy from Kai Telanne, financial development from Juha Nuutinen, and closing remarks again from Kai Telanne. The materials include data and charts on trends in digital media consumption, the impact on the media market, Alma Media's digital growth strategy and key initiatives, financial performance and targets, and segment results. The goal is to provide investors insights into Alma Media's transition to digital and growth opportunities.
Graph coloring involves assigning colors to objects in a graph subject to constraints. Vertex coloring assigns colors to vertices such that no adjacent vertices share the same color. The chromatic number is the minimum number of colors needed. Graph coloring has applications in scheduling, frequency assignment, and register allocation. Register allocation with chordal graphs can be done in polynomial time rather than NP-complete, since programs in SSA form have chordal interference graphs. A greedy algorithm can color chordal graphs in linear time, enabling simple and optimal register allocation.
The document provides an overview of PubliGroupe's financial results for 2013. It summarizes that PubliGroupe achieved a balanced operating result for 2013 but reported a net loss of CHF -5.9 million, which was in line with previous guidance. Key highlights included substantially reduced costs at Media Sales/Publicitas due to restructuring, solid results from Search & Find driven by digital revenue at local.ch, and 5% revenue growth at Zanox. The presentation includes segment-level summaries of financial performance and key metrics for 2013 compared to 2012.
The document summarizes AkzoNobel's Q2 2014 results. It discusses positive volume growth across all three business areas but an overall 4% revenue decline mainly due to adverse currency effects. Operating income was up 10% and return on sales improved from 8.3% to 9.5%. The company is on track to meet its 2015 targets despite currency challenges and fragile economic conditions.
Publigroupe Vontobel Medientag 27 Januar 2014PubliGroupe
PubliGroupe is focusing on becoming a portfolio of technology-oriented media and advertising companies. It aims to balance its operating result for 2013 and achieve a net result similar to the first half of the year through positive development of its Search & Find and Digital & Marketing Services segments. Key measures to realign capacities at the holding level and implement a new automated media sales strategy at Publicitas are progressing as planned.
The document summarizes Transcom's third quarter 2015 results. Key points include:
- Transcom continued its positive profitability trend, with an EBIT margin of 4.1% excluding a non-recurring item.
- The company achieved 1.8% organic revenue growth despite not renewing a public sector contract in Italy.
- Net debt to EBITDA was 0.6 compared to a target of 1.0 or less.
- Transcom aims to increase profitability towards a mid-term EBIT margin target of at least 5% through efficiency improvements, sales efforts, and focusing on underperforming areas.
SoLocal group Financial Earnings Q2 2014 SlidesLudovic Privat
- Solocal Group reported revenues of €255.1M in 2Q2014, down 6.3% year-over-year, with internet revenues up 0.4%
- Normalized gross operating margin was €100.8M, down 15.6% year-over-year and representing 39.5% of revenues
- Net income was €40.9M, impacted by non-recurring reorganization and other operational items totaling €21.9M
- The company remains in compliance with bank debt covenants and continues implementing its "Digital 2015" transformation strategy focused on growing audiences, business content, and specialized sales teams.
This document provides an overview of Deutsche EuroShop AG, a German public company that invests solely in shopping centers. Key points:
- Deutsche EuroShop owns 21 shopping centers located primarily in Germany with a total value of approximately €5.1 billion.
- The company focuses on high-quality shopping centers located in prime locations with long-term leases to ensure stable cash flows.
- Deutsche EuroShop aims for long-term growth through portfolio expansion and renovation programs to meet evolving customer expectations.
- AkzoNobel reported financial results for Q3 2014, with revenues down 2% due to currency effects and divestments offsetting 1% volume growth. Operating income was €335 million, up 11% year-over-year.
- All business areas saw continued fragile economic conditions impacting volumes. Decorative Paints revenues fell 8% due to divestments despite flat volumes. Performance Coatings revenues were flat as positive volumes offset negative price/mix and currencies. Specialty Chemicals revenues fell 1% on currency effects despite flat volumes.
- AkzoNobel remains on track to meet its 2015 targets despite the challenging economic environment and continues implementing improvement programs across all business areas.
This document provides a summary of Transcom's second quarter 2015 results presentation. It discusses Transcom's good financial progress against targets for revenue growth, EBIT margin, and net debt. The EBIT margin improved in all regions. Key highlights include Transcom being a global customer experience specialist with over 30,000 employees in 23 countries, generating €616.8 million in revenue in 2014. The presentation outlines Transcom's strategic direction of delivering outstanding customer experiences to drive revenue and loyalty, in line with an attractive and growing industry.
Using the results from over 500 econometric models over the last five years, Benchmarketing has proved that newsbrands continue to play a very important part in the modern media mix. As a result, advertising spend should return to 2013 levels for optimum effectiveness
Transcom provides outsourced customer care, sales, and support services through contact centers around the world. In Q2 2014, Transcom saw an 8.7% decrease in revenue due largely to divestments and currency impacts. Excluding these factors, revenue decreased 2.9% on a like-for-like basis. EBIT improved by €1.2 million compared to Q2 2013 in core operations, though this was negatively impacted by €1.1 million in redomiciliation costs. Key priorities for Transcom in 2014 include improving seat utilization, efficiency, and the offshore/onshore revenue mix to return margins to historical levels and capitalize on growth opportunities in North America, Asia Pacific
The online advertising landscape in Europe 2013IAB Europe
IAB Europe's AdEx Benchmark is the definitive guide to the size and scale of European online advertising. Compiled by IHS Electronics and Media, AdEx Benchmark study collates advertising spend across twenty-six markets. It highlights the prominent position of online in the media landscape as a platform of choice for advertisers.
AkzoNobel Q1 2015 results media presentationAkzoNobel
The document summarizes the company's financial results for Q1 2015. Revenue increased 6% to €3.591 billion due to favorable currency effects, though volume growth was mixed by region. Operating income grew 42% to €306 million due to process optimization efforts, reduced restructuring expenses, and lower costs. All business segments saw revenue and operating income increases. The company is on track to meet its 2015 targets despite challenges in some regions.
This document provides an overview and agenda for TIM Brasil's presentation covering the following topics: recent results including growth in 4G adoption and data revenues; network and quality evolution including expansion of TIM's 4G network; the fixed business; business outlook; and regulatory updates. The presentation highlights TIM's position as the second largest mobile operator in Brazil by customers with 75.7 million subscribers, its focus on innovation and efficiency, and its continued investment in infrastructure to support further growth.
Interim Review January-March 2014: Strong development in orders received - profitability improvement continues to be in focus
Presentation material at the news conference on April 25, 2014
- CIR Group reported consolidated net income of €39.6 million for the first nine months of 2015, compared to €5.4 million for the same period in 2014. The industrial businesses of Espresso, Sogefi and KOS contributed €25 million to net income compared to €4.4 million in 2014.
- Sogefi saw an 11.5% increase in revenues driven by higher volumes globally except in Latin America. KOS grew revenues 12.6% through acquisitions in nursing homes and rehabilitation as well as organic growth. Espresso reported stable EBITDA despite challenges in print media through cost reductions.
- At the holding level, CIR had a net financial surplus
AkzoNobel reported its Q3 2014 results. Operating income increased 11% to €335 million due to improvement actions and lower restructuring charges. Revenue declined 2% due to currency effects and divestments offsetting 1% volume growth. Return on sales improved to 9.1% from 8% in Q3 2013. All business areas saw continued impact from fragile economic conditions with Decorative Paints revenue down 8% and Performance Coatings flat. Specialty Chemicals operating income rose 46% due to cost control despite 1% lower revenue. AkzoNobel is on track to meet its 2015 targets despite economic challenges.
- Volumes and price/mix were up in all three business areas, but revenues were down 2% due to a 5% negative impact from adverse currency effects.
- Operating income was flat at €216 million as higher restructuring costs and currencies offset gains from cost control and efficiencies.
- Net income increased to €129 million mainly from lower financing expenses.
This document summarizes Transcom's fourth quarter 2014 results presentation. Some key points:
- Transcom is a global customer experience specialist with 29,000 employees generating €616.8 million in revenue in 2014.
- In Q4 2014, Transcom saw a 3.8% increase in like-for-like revenue compared to Q4 2013 and an improved EBIT margin of 5.8%.
- For all of 2014, Transcom's core customer relationship management business saw an EBIT margin increase to 3.5%, driven by improvements in North America & Asia Pacific and North Europe.
- Going forward, Transcom has set mid-term targets for revenue growth and EBIT
PostNord reported financial results for the fourth quarter and full year 2013. For the full year, net sales increased 2% while operating profit improved 32%. Mail volumes continued declining sharply but costs were reduced. Logistics grew rapidly through acquisitions and e-commerce, but faced price pressure. Profits improved through restructuring. PostNord outlined plans to further streamline operations and develop e-commerce and logistics to strengthen competitiveness.
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2) Loan volumes increased 14.3% and customer deposits grew 10.8% compared to the first quarter of 2014.
3) Attributable profits were strongest in Continental Europe (up 44% year-over-year) and Latin America (up 23% year-over-year excluding exchange rates), with all regions showing growth except Portugal.
Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
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The world of blockchain and decentralized technologies is about to witness a groundbreaking event. ZKsync, the pioneering Ethereum Layer 2 network, has announced the highly anticipated airdrop of its native token, ZK. This move marks a significant milestone in the protocol's journey, empowering the community to take the reins and shape the future of this revolutionary ecosystem.
Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
3. 3
Q4/2014 and FY2014 highlights
• Alma Media’s revenue nearly remained on last year’s level. Operating profit excluding
non-recurring items decreased to MEUR 21.4.
• As the economy in Finland continued to be weak, the development of the company’s
business in Finland in 2014 was also weak in print media.
• The digital recruitment service business in Eastern Central Europe saw strong growth
throughout the year and its profitability level remained excellent. In the final quarter of
2014, recruitment business outside Finland grew by over 25%.
• Towards the end of 2014, Alma Media decided to divest City24, a housing portal in the
Baltic countries. Outside Finland, Alma Media will now focus on strengthening its digital
recruitment services.
• The Group’s revenue from digital products and services increased by 12% in 2014. Digital
advertising sales nearly reached the level of print media advertising sales.
• In the first half of 2015, Alma Media expects its revenue and operating profit excluding
non-recurring items to decrease from the 2014 level. The revenue for the first half of
2014 was MEUR 148.4, and operating profit excluding non-recurring items MEUR 8.8.
4. 4
Revenue Q4/2014
• Revenue for the quarter decreased by 0.9% to
MEUR 76.6.
• Content revenue decreased by 3.5%. Content
revenue from digital channels did not
completely cover the decline in print content
revenue.
• Advertising revenue increased by 0.6%. Digital
advertising sales nearly equalled print media
advertising sales.
• Online advertising sales increased by 11.3%.
• Advertising sales for print media decreased
by 6.0%.
• Digital products and services accounted for
32.3% (28.3%) of Group revenue.
Revenue, MEUR
IFRS
28,7 27,7
38,4 38,6
10,2 10,2
0
10
20
30
40
50
60
70
80
90
Q4 13 Q4 14
Content sales Advertising Sales Net sales of services
-6,5% -0,9%
5. 5
Revenue 2014
• The Group’s full-year revenue fell by
1.6% and was MEUR 295.4.
• Content revenue declined by 4.5% due to lower
circulations of print media.
• Advertising revenue declined by 0.6%. Digital
advertising sales nearly equalled print media
advertising sales.
• Online advertising sales increased by 9.4%.
• Advertising sales for print media decreased
by 7.8%.
• Online business revenue increased by 11.9%,
primarily due to the digital recruitment service
business in Eastern Central Europe.
Revenue, MEUR
IFRS
115,3 110,1
147,3 146,4
37,6 38,8
0
50
100
150
200
250
300
350
2013 2014
Content sales Advertising Sales Net sales of services
-6,2% -1,6%
6. 6
Operating profit Q4/2014
• Operating profit excluding non-recurring
items decreased by 11.6% to MEUR 5.6.
• The operating profit includes net non-
recurring items of MEUR -0.8.
• Total expenses grew by 0.7% year-on-
year to MEUR 73.8.
• The increase in expenses was
attributable to marketing costs and
investments in the development of the
digital business.
EBIT, MEUR
IFRS
6,4
5,6
-2,0
-0,8
-3
-2
-1
0
1
2
3
4
5
6
7
Q4 13 Q4 14
Non-recurring items
-25,0%
-11,6%
7. 7
Operating profit 2014
• Operating profit excluding non-recurring
items decreased by 11.5% to MEUR 21.4.
• The operating profit includes net non-
recurring items of MEUR -0.7.
• Total expenses excluding non-recurring
items decreased by 1.6% to MEUR 277.9.
• The decrease in expenses was attributable to
a decline in printing and distribution costs
due to lower volume. Expenses were
increased by IT investments in digital
services.
EBIT, MEUR
IFRS
24,2
21,4
2,8
-0,7
-5
0
5
10
15
20
25
30
2013 2014
Non-recurring items
-27,8%
-11,5%
8. 8
Growth in digital business
MEUR
Segment’s share of the
Group’s digital revenue
44 40
49
57
78
84
9512,9 %
13,1 %
15,7 %
18,0 %
24,3 %
28,1 %
32,0 %
0%
5%
10%
15%
20%
25%
30%
35%
2008 2009 2010 2011 2012 2013 2014
0
10
20
30
40
50
60
70
80
90
100
Revenue from digital business Share of total revenue
4,3 %
12,0 %
24,0 %
59,8 %
Regional Media National Consumer Media
Financial Media and Business Services Digital Consumer Services
10. 10
Change in advertising 12/2013 – 12/2014
Change %
2014 vs. 2013
Newspapers -8.3
Magazines -15.6
TV -3.5
Radio +9.4
Internet +12.3
Total -3.5
Source: TNS Media Intelligence
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
Advertising sales total, chg % Newspaper advertising, chg % Internet advertising, chg %
11. 11
Advertising declined across all industries
Total market, change from Q1-Q4 2013
Advertising in Q1-Q4 14 MEUR
Retail 228
Motor vehicles 89
Food & beverages 88
Houses and premises 45
Entertainment 43
Tourism and traffic 41
Recruiting 30
Telecommunications 21
Other 387
Total 970
Source: TNS Media Intelligence
Total -3,5%
-2,6 %
-12,1 %
-10,8 %
-0,7 %
-3,1 %
-2,6 %
-0,4 %
-5,9 %
-4,3 %
Other
Tele
Recru
Tourism
Entert
Houses
Food & bev.
Motor v.
Retail
13. Long-term financial targets
* Includes capital repayment to shareholders.
** Based on the Board of Directors’ proposal to the Annual General Meeting.
Alma Media’s
financial targets
2011 2012 2013 2014 Target
level
Digital business
growth
16.3% 36.8% 8.4% 11.9% > 15%
Return on
Investment
(ROI), %
26.1% 13.8% 10.0% 9.7% > 15%
Dividend payout
ratio*
103% 45% 50% 63%** > 50%
16. 16
•
Digital Consumer Services Q4/2014
• Revenue grew by 14.1% to MEUR 14.7.
• Revenue from operations in Finland was on a par
with the comparison period.
• Recruitment service revenue increased by 23.4%
and accounted for 69.5% of the segment’s
revenue.
• Excluding the new Monster business operations
acquired at the beginning of 2014, recruitment
business outside Finland increased by 17.1%.
• Operating profit excluding non-recurring items was
MEUR 1.9.
• The non-recurring items, MEUR +1.6, were
related to sales gains from the divestment of
the City24 housing portal and the impairment of
assets.
• Total expenses excluding non-recurring items were
MEUR 12.9.
• Expenses were increased by new business
operations in Hungary, the Czech Republic and
Poland.
Excluding non-recurring items
Revenue and operating profit,
MEUR & %
12,9
13,5
14,7
1,5
2,6
1,9
11,3 %
19,2 %
12,9 %
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
Q4 13 Q1 14 Q2 14 Q3 14 Q4 14
+17,7% +30,3%
+10,1% +14,1%
17. 17
•
Digital Consumer Services in 2014
• Revenue grew by 6.1% to MEUR 55.8.
• The devaluation of the Czech koruna in November
2013 decreased the euro revenue by MEUR 1.1.
• The revenue for the comparison period includes
MEUR 2.2 in revenue from the Mascus business sold
in April 2013.
• Revenue was increased by MEUR 1.9 by new
recruitment service companies in Hungary, the
Czech Republic and Poland.
• Operating profit excluding non-recurring items was
MEUR 9.2.
• The non-recurring items were related to sales gains
from the divestment of the City24 housing portal
and the impairment of assets. The operating profit
for the comparison period includes non-recurring
proceeds from the divestment of the Mascus
business.
• Investments made in the recruitment services
acquired at the beginning of 2014 weakened the
result by MEUR 1.2.
Excluding non-recurring items
Revenue and operating profit,
MEUR & %
52,6
55,8
9,4 9,2
17,8 %
16,4 %
-5%
0%
5%
10%
15%
20%
25%
30%
0,0
10,0
20,0
30,0
40,0
50,0
60,0
2013 2014
-2,3%
+6,1%
18. 18
Excluding non-recurring items
Revenue and operating profit,
MEUR & %
Financial Media and Business Services Q4/2014
• Revenue declined by 9.0% to MEUR 14.0.
• The divestment of the BNS business had an
effect of MEUR 1.1 on the decrease in revenue.
• Digital business accounted for 42.5% of
revenue.
• Content revenue was unchanged from the previous
year at MEUR 4.4.
• Digital content revenue grew by 20.8%,
compensating for the decline in content
revenue for print media.
• Advertising sales declined by 12.7% due to the
decrease of print media advertising sales.
• Online advertising sales increased by 11.9%.
• Operating profit excluding non-recurring items
was MEUR 1.8.
• Total expenses excluding non-recurring items
decreased by 4.9% as a result of the divestment of
the BNS business.
15,4
12,2
14,0
2,6
2,2 1,8
16,7 %
17,7 %
13,2 %
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
Q4 13 Q1 14 Q2 14 Q3 14 Q4 14
-2,4% -28,2%
-6,8%
-9,0%
19. 19
Excluding non-recurring items
Revenue and operating profit,
MEUR & %
Financial Media and Business Services in 2014
• Revenue declined by 6.7% to MEUR 53.0.
• The divestment of the BNS business had an effect
of MEUR 2.1 on the decrease in revenue.
• Digital business accounted for 43.0% of revenue.
• Content revenue decreased by 3.5%.
• Increase in digital content revenue partly
covered print media content revenue decline.
• Advertising revenue declined by 4.1% to MEUR 15.6.
• Online advertising sales increased by 14.4%.
• Operating profit excluding non-recurring items was
MEUR 6.7.
• Operating profit was weighed down by the
weakened profitability of custom media
business.
• Non-recurring items affecting operating profit
were related to gains from the sale of the BNS
business, costs associated with the operational
restructuring of Alma360, and impairment losses.
• Total expenses excluding non-recurring items
decreased by 5.4% as a result of the divestment of
the BNS business.
56,8
53,0
7,8 6,7
13,8 %
12,6 %
0%
5%
10%
15%
20%
25%
30%
0,0
10,0
20,0
30,0
40,0
50,0
60,0
70,0
2013 2014
-14,5%
-6,7%
20. 20
National Consumer Media Q4/2014
• Revenue declined by 9.6% to MEUR 11.2.
• Online business accounted for 26.6% of the
segment’s revenue.
• Content revenue decreased by 6.3% due to a
decline in Iltalehti’s circulation.
• Advertising sales decreased by 8.2%.
• Online advertising sales declined by 1.8% to
MEUR 2.9.
• Advertising sales for print media decreased by
18.5%.
• Operating profit excluding non-recurring items
was MEUR 0.1, or 1.1% of revenue.
• The non-recurring items were related to
operational restructuring.
• Total expenses excluding non-recurring items
decreased to MEUR 11.1.
• A decrease in printing and distribution costs
contributed to the decline in total expenses.
Expenses were increased by investments in IL-
TV and digital services.
Excluding non-recurring items
Revenue and operating profit,
MEUR & %
12,4
11,5
11,2
1,1
0,8 0,1
8,8 %
6,6 %
1,1 %
0%
5%
10%
15%
20%
25%
30%
0,0
2,0
4,0
6,0
8,0
10,0
12,0
14,0
Q4 13 Q1 14 Q2 14 Q3 14 Q4 14
-58,7% -88,8%
-6,0% -9,6%
21. 21
National Consumer Media in 2014
• Revenue declined by 4.2% to MEUR 46.9.
• The share of online business of the
segment’s revenue grew to 27.0%.
• Content revenue declined by 7.8%.
• Advertising sales increased by 4.8% to MEUR
18.4.
• Online advertising sales increased by 20.8%
to MEUR 12.5.
• Advertising sales for print media decreased
by 17.4%.
• Operating profit excluding non-recurring items
declined by 22.0% to MEUR 3.7.
• The non-recurring expenses of MEUR 0.6
recorded in 2014 were related to operational
restructuring.
Excluding non-recurring items
Revenue and operating profit,
MEUR & %
49,0
46,9
4,7 3,7
9,6 %
7,8 %
0%
5%
10%
15%
20%
25%
30%
0,0
10,0
20,0
30,0
40,0
50,0
60,0
2013 2014
-4,2%
-22,0%
22. 22
•
Excluding non-recurring items
Revenue and operating profit,
MEUR
Regional Media Q4/2014
• Revenue increased by 0.2% to MEUR 38.3.
• Digital business accounted for 2.8% of revenue.
• Content revenue decreased by 2.8% due to the
declining circulations of printed newspapers.
• Advertising sales decreased by 3.6%.
• Online advertising sales remained unchanged
from the comparison period, totalling MEUR
0.6.
• Advertising sales for print media decreased by
3.6%.
• Service revenue increased by 32.3% due to an
increase in external printing service revenue.
• Total expenses excluding non-recurring items
remained unchanged from the comparison period
at MEUR 34.6.
• Operating profit excluding non-recurring items
was MEUR 3.8, or 9.9% of revenue.
• The non-recurring expenses, MEUR 1.3, are
related to impairment loss on goodwill.
38,2
34,6
38,3
3,6 2,6
3,8
9,5 %
7,7 %
9,9 %
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
Q4 13 Q1 14 Q2 14 Q3 14 Q4 14
-3,6% +3,7%
-1,5% +0,2%
23. 23
Excluding non-recurring items
Revenue and operating profit,
MEUR
Regional Media in 2014
• Revenue decreased by 1.3% to MEUR 145.2.
• Digital business accounted for 2.6% of revenue.
• Content revenue decreased by 3.1% due to the
declining circulations of printed newspapers.
• Advertising sales decreased by 6.1%.
• Online advertising sales increased by 10.8%.
• Advertising sales for print media decreased by
6.7%
• Service revenue increased by 32.7% due to an
increase in external printing service revenue.
• Operating profit excluding non-recurring items was
MEUR 9.6, or 6.6% of revenue.
• Total expenses excluding non-recurring items
decreased by 1.2% and amounted to MEUR 135.8.
• Total expenses were reduced by the efficiency
improvement measures for newspapers and
printing operations.
• The non-recurring items in 2014 were related to
impairment losses on goodwill, while the non-
recurring items in the comparison period were
related to the restructuring of printing
operations.
147,1 145,2
9,8 9,6
6,6 % 6,6 %
0%
5%
10%
15%
20%
25%
30%
0,0
50,0
100,0
150,0
200,0
2013 2014
-1,7%
-1,3%
29. 29
Dividend proposal
On 31 December 2014, the Group’s parent company had distributable funds
totalling EUR 179,932,379 (23,905,611). No essential changes in the company’s
financial standing have taken place after the end of the financial year.
Alma Media’s Board of Directors proposes to the Annual General Meeting that a
capital repayment of EUR 0.12 (0.10) per share be paid from the reserve for
invested non-restricted equity for the financial year 2014.
Based on the number of shares on the closing date 31 December 2014, the capital
repayment totals EUR 9,058,422 (EUR 7,548,685).
Proposal by the Board of Directors to the Annual General Meeting of
17 March 2015.
31. The focal points of the implementation of
the strategy in 2014
We will build new capacities, seek efficiency and
accelerate growth in digital services and
media.
Multi-channel
content
Marketing
solutions
Digital services
Resources and
expertise
31
33. IL’s new mobile applications well
received
12.2.201533
• Iltalehti’s renewed mobile applications
launched in Q3 have substantially increased
the application-based consumption of
Iltalehti’s content.
• Feedback from users has been positive: the
applications are perceived as more modern,
faster and easier to use.
• The users also read more articles per
session when using the new applications.
Multi-channel
content
34. The new Kauppalehti online and on
mobile
• Kauppalehti’s online service was
redesigned at the beginning of January
2015 with regard to its content, visual
style and technology.
• The redesign shifts the focus of
Kauppalehti’s content production
increasingly to the online and mobile
channels.
• At the same time, the subscription model
was changed to a weekly subscription and
the paywall limit was reduced. Going
forward, users can read five news articles
per week without a subscription.
12.2.201534
Multi-channel
content
35. Aamulehti Hetki
– a condensed digital news package
for the afternoon
12.2.201535
• Aamulehti launched its paid digital afternoon
edition, Hetki (“Moment”) in January 2015.
• Hetki is a summary of the day’s news and stories
published online and on mobile. It always includes
new stories, some of which will be subsequently
expanded upon in print.
• Results:
• At its highest, the daily user figure is currently
in excess of 3,000
• Slightly under 5,000 unique weekly visitors
• More than 600 Aamulehti subscribers have
added the digital service to their subscription,
with approximately 1,000 subscribing to the
introductory offer.
Multi-channel
content
37. JM Tieto becomes part of Alma Media
• Alma Media acquired full ownership of JM
Tieto in January 2015. The Group’s
previous holding was 20%.
• In spring 2015, JM Tieto will be reorganised
to constitute part of the Kauppalehti
Information Services business operations.
• In addition to information services, JM
Tieto’s expertise can be utilised in areas
such as Alma 360’s
custom media solutions and Kauppalehti’s
media sales.
12.2.201537
Digital services
38. The redesigned job search service of
LMC in the Czech Republic
• LMC, which is part of Alma Career,
redesigned its Job.cz service in October
2014.
• The aim was to refresh the visual style of
the website, improve its usability and
attract more users to the service
• The launch of the redesigned site was also
supported by a multi-channel advertising
campaign
• Results:
• The service brand was strengthened in the
target group
• The volume of searches made directly
through the website grew by 10%.
• The number of visitors to the site’s Best
Employers section grew by 30% and the
section significantly improved its reach.
12.2.201538
Digital services
39. City24 business sold to Estonian
buyer
• In November 2014, Alma Media sold its City24
business to Koha Capital, an Estonian venture
capital company.
• Alma Media had acquired the Estonian
operations of the City24 housing portal in
2005 and subsequently expanded its
operations to several countries in Eastern
Central Europe.
• However, the growth of the business area
was hit by the financial crisis.
• Alma Media recorded a sales gain of MEUR
1.9 in its Q4/2014 result from the
transaction.
12.2.201539
Digital services
41. Regional Media goes digital with
Etukeno
• Alma Regional Media’s Etukeno project,
which is aimed at increasing digitality in
the operations of regional and local
newspapers, has progressed to the future
workshop stage.
• The first workshops were organised in
January, and during the winter, some 100
Alma Regional Media employees will
participate in workshops.
12.2.201541
Resources and
expertise
42. Alma Manu joins distribution
cooperation
• Alma Manu Oy is becoming a founding
partner in a new network company
established by early morning delivery
companies.
• The purpose of the new company is to
sell and market the early morning
delivery companies’ distribution
network on a national level.
• The new company is yet to be named
and its operations are likely to start in
March.
12.2.201542
Resources and
expertise
43. 43
Outlook
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 overall economic
growth has an impact on advertising
volume, which is not expected to increase
in Finland in 2015.
In the first half of 2015, Alma Media
expects its revenue and operating profit
excluding non-recurring items to decrease
from the 2014 level. The revenue for the
first half of 2014 was MEUR 148.4, and
operating profit excluding non-recurring
items MEUR 8.8.
13 February 2015