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Talentum Interim Report Q3/2012 and January-September 2012

Talentum Interim Report Q3/2012 and January-September 2012. Q3/2012 and January-September 2012 in Brief. Q3 in Brief. Strong negative change on advertising markets in Sweden in September A decrease of 20.3 percent in general Swedish advertising sales markets reflects this change

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Talentum Interim Report Q3/2012 and January-September 2012

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  1. TalentumInterimReport Q3/2012 and January-September 2012

  2. Q3/2012 and January-September2012 in Brief

  3. Q3 in Brief • Strong negative change on advertising markets in Sweden in September • A decrease of 20.3 percent in general Swedish advertising sales markets reflects this change • Also Talentum’s position weakened strongly Magazine Business Sweden Events Books and Legal Training Direct Marketing • Good growth continued • Steady development despite challenging markets • Fairly good performance both growth and profit wise • Finnish periodicals advertising markets decreased by 11.9 percent in July-September • Finnish online markets grew by 7.9 percent in Q3 • Talentum’s business developed as expected on unstable markets Magazine Business Finland

  4. Q3/2012 Development M€ * Comparativeperiods’ figuresadjustedbyGroup’sshare of associatedcompanies’ income. • Net sales 14.3 M€ (15.6 M€) • Comparablenetsales 14.3 M€ (14.5 M€) excluding Talentum HR Ab sold in December 2011 • Operating income -1.2 M€ (-0.8 M€) • Operatingincomewithoutnon-recurringitems -1.2 M€ (-1.0 M€) • Circulationrevenue at the samelevel as in Q3/2011.

  5. January-September 2012 Development -0,0 M€ • Net sales 54.8 M€ (58.9 M€) • Comparablenetsales 54.8 M€ (55.6M€) excluding Talentum HR Ab sold in December 2011 • Operating income -3.1 M€ (0.7M€) • Operatingincomewithoutnon-recurringitems -0.0 M€ (0.7 M€) • Circulationrevenue at the samelevel as in 1-9/2011.

  6. Net sales Q3/2012, continuingoperations Talentum HR included in 2011

  7. Net salesJanuary-September 2012, continuingoperations Talentum HR included in 2011

  8. OperatingenvironmentJanuary-September 2012

  9. Media advertisingchanges, January-September 2012 • Finland • Media advertising during January-September decreased by 3.7% (3.0% excluding elections). • Sweden • Media advertising during January-September decreased by 0.5%.

  10. Financial reviewJanuary-September 2012

  11. Talentum Personnel on averageJanuary-September, 2012 OtherActivities 33 Magazine Business Finland 129 Direct Marketing 349 Magazine Business Sweden 106 Events 86 Books and Legal Training 39 • Negotiationswithemployeerepresentatives to reducepersonnelwerecarried out in Q1 and compeleted on March 23, 2012.

  12. Finance, September 30, 2012 Total assets on the balancesheet 57.8 M€ (31.12.2011: 57.3 M€) Net interestbearingliabilities 4.9 M€ (-1.5 M€) Equity ratio 42.7% (54.1%) Gearing 27.1% (-6.7%) The existing credit limits has been reduced from 34 M€ in Q1 to 12M€ in Q2 Credit limits in use 5.8 M€ Operative cash flow -2.6 M€ ( -0.4 M€) in continuing operations Change in net working capital -0.1 M€ (-1.6 M€) Market Capitalization 56.7 M€ (69.1 M€ ).

  13. Talentum Strategy Talentum’s core business is publishing targeted at professionals in various sectors. The company’s strengths are its multichannel approach and strong, well-known brands, as well as accurately defined expert target groups and good knowledge of them. The most important short-term goal of Talentum’s business operations is to improve profitability. In addition to other publishing operations, the main focus areas of growth are e-business and events. Talentum is purposefully developing business operations which are less dependent on economic conditions than advertising. The aim is to diversify the company’s income structure to boost the proportion of income derived from content, rather than circulation and advertising.

  14. Prospects 2012, changed On October 12, 2012 TalentumOyj issued a stock exchange release and lowered the estimates for net sales and operating income for 2012. The change is mainly based on the fact that estimates of media sales in Sweden have become weaker. According to the new the estimate TalentumOyj’s comparable net sales and operating income without non-recurring items for 2012 are estimated to remain at a slightly lower lever than in 2011.   In the previous estimate in the latest interim report published on July 20, 2012 Talentum estimated that its comparable net sales in 2012 (2011: about EUR 79.0 million without Talentum HR AB, which was sold at the end of the year) will remain at the same level and that operating income without non-recurring items will increase compared to 2011.

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