Talentum Oyj, Interim Report Q2/2013 Helsinki, Fin

Helsinki, Finland, 2013-07-17 13:00 CEST (GLOBE NEWSWIRE) --  

TALENTUM OYJ INTERIM REPORT      17 July 2013      at 14:00

Talentum Oyj’s Interim Report for January-June 2013:

MAGAZINE BUSINESS FINLAND ACHIEVED GOOD OPERATING INCOME, MAGAZINE BUSINESS SWEDEN REMAINED UNPROFITABLE

April-June 2013 in brief: - Talentum Group’s net sales came to EUR 19.5 million (EUR 19.9 million) - Operating income without non-recurring items was EUR 0.2 million (EUR 0.7 million) - Operating income (EBIT) was EUR -0.0 million (EUR 0.6 million) - Operating income from Magazine Business Finland remained at the previous year’s level and circulation revenue increased - Operating income from Magazine Business Sweden remained unprofitable - The amount of advertisement revenue in Talentum’s media decreased by 23.1 %. The share of advertisement revenue in Talentum’s net sales was 27.8 % - Talentum’s new digital service package – Talentum Summa – will be published after the summer

Net sales by business area: - Magazine Business Finland: EUR 7.0 million (EUR 7.5 million) - Magazine Business Sweden: EUR 5.5 million (EUR 6.3 million) - Event Business: EUR 3.2 million (EUR 2.5 million) - Books and Legal Training: EUR 1.7 million (EUR 1.7 million) - Direct Marketing: EUR 2.9 million (EUR 2.7 million)

January-June 2013 in brief: - Talentum Group’s net sales came to EUR 39.3 million (EUR 40.4 million) - Operating income without non-recurring items was EUR 1.0 million (EUR 1.0 million) - Operating income (EBIT) was EUR 0.7 million (EUR -2.0 million) - Operating income from Magazine Business Finland increased compared to the previous year thanks to the increase in circulation revenue - Operating income from Magazine Business Sweden was unprofitable - The amount of advertisement revenue in Talentum’s media decreased by 21.7 %. The share of advertisement revenue in Talentum’s net sales was 27.5 % - Talentum’s new digital service package – Talentum Summa – will be published after the summer

Net sales by business area: - Magazine Business Finland: EUR 14.2 million (EUR 15.0 million) - Magazine Business Sweden: EUR 10.7 million (EUR 12.5 million) - Event Business: EUR 6.3 million (EUR 5.7 million) - Books and Legal Training: EUR 3.7 million (EUR 3.8 million) - Direct Marketing: EUR 5.9 million (EUR 5.4 million)

KEY FINANCIAL FIGURES  

Talentum’s business operations are divided into six segments: Magazine Business Finland, Magazine Business Sweden, Event Business, Books and Legal Training, Direct Marketing and Other Activities.

Chief Executive Officer Aarne Aktan: ”Given the circumstances, our business developed favourably in Finland during the second quarter. Instead in Sweden, net sales and profitability of Magazine Business fell short of expectations. In the second quarter, net sales and operating income from Magazine Business Sweden weakened due to the difficult market situation and insufficient cost compensation. Magazine Business Sweden will be the top focus area in the second half of the year for the Group Management and especially for me with the target to enhance the performance. The Swedish advertising market for professional journals decreased by 17.1 per cent during April-May. On the contrary, in the second quarter, net sales and operating income from Magazine Business Finland were at the expected level thanks to the once again excellent development of circulation revenue. Finnish advertising market for periodiclas decreased by 15.7 per cent in the second quarter. Net sales from the Event Business increased moderately compared to the reference period (24.8 per cent). Net sales from the Books and Legal Training segment remained at the previous year’s level, but the profitability weakened. Direct Marketing continued its steady growth, but profitability weakened slightly compared to the reference period. Talentum will launch a new digital service package – Talentum Summa – after the summer. Talentum Summa combines Talentum’s magazines, websites and business literature into one content service. The content will first consist of Finnish publications and later also of Swedish publications. In addition to computers, the service is available on mobile devices. Summa enables to offer paid digital content and to aggregate it into a new content package. Summa will give Talentum the opportunity to serve both its readers and advertisers in new ways.”

Talentum prospects for 2013 Talentum estimates further that its comparable net sales for 2013 will remain approximately at the same level as in 2012 and that its operating income without non-recurring items will be higher than in 2012.

General statement The forecasts and estimates presented here are based on the management’s current view of economic development, and the actual results may differ substantially from what is now expected of the company. This interim report is unaudited.

Next interim report Talentum Oyj will publish its interim report for the third quarter of 2013 on 22 October 2013.

Briefing A briefing in Finnish will be held for analysts and the media on 18 July 2013 at 10:00 at the Talentum head office, Itämerenkatu 23, Helsinki, Finland.

TALENTUM OYJ Board of Directors

ADDITIONAL INFORMATION CEO Aarne Aktan, tel. +358 40 342 4440 and CFO Niclas Köhler, tel. +358 40 342 4420.

DISTRIBUTION NASDAQ OMX Helsinki Principal media www.talentum.com