Alma Media grows digital revenue, profit in Q1
28 Apr 2017
Revenue of Alma Markets, the business unit of Alma Media which houses the classified businesses of the company, climbed a very respectable 17.8 percent from Q1 in FY2016 to Q1 in FY2017. Its adjusted operating profit grew by 51.4 percent in the period.
The business unit Alma Markets was previously known as Digital Consumer Services (here are all business units).
The businesses included in the unit Alma Markets are job sites Monster.fi, Jobs.cz, Prace.cz, CV Online, Profesia.sk, MojPosao.net, Monster.hu, Monsterpolska.pl, Monster.cz and Jobote.com, as well as real estate sites Etuovi.com and Vuokraovi.com, travel site Gofinland.fi and auto sites Autotalli.com, Autosofta and Alkali. Also, Nettikoti (acquired in January 2016), providing ERP systems for construction and renovation, Kivi, a real estate agency system, are reported in this unit, and Urakkamaailma, a marketplace for renovation and construction work.
In Q1 of FY2017, revenue of the unit Alma Market climbed to €19.6 million ($21.4 million U.S.) from €16.7 million in Q1 of FY2016. The revenue generated by the recruitment business increased by 19 percent and made up 77.4 percent of the digital division’s revenue (up from 76.6 percent last year).
The adjusted total expenses in Q1 of FY2017 amounted to €12.4 million (up from €11.9 million last year). The increase in total expenses was attributed to investment in the development of online services.
The business unit Alma Market’s adjusted operating profit was €7.3 million in Q1 of FY2017 from €4.8 million last year.
Alma Media expects its full-year revenue to remain at the previous year’s level and its adjusted operating profit to increase from the 2016 level. The full-year revenue for 2016 was €353.2 million, and adjusted operating profit was €35.2 million.