Business areas 2012
In 2012, the business area’s net revenue was EUR 32.9 million (EUR 20.3 million). The acquisition of the Klikkicom Group increased the net revenue by EUR 13.1 million. The net revenues of Citat Oy and Mods AB grew, while Citat AB’s net revenue decreased as the company reduced its subcontract invoicing. The business area’s operating loss was EUR 1.1 million (EUR 0.4 million). The operating profit includes EUR 2.2 million (EUR -1.1 million) in one-time expenses, the majority of which (EUR 2.0 million) is impairment of intangible assets due to goodwill and business mergers. Without impairment, the operating profit was positive and higher than in the previous year both in Finland and in Sweden.
Marketing Services comprises Citat Oy and Klikkicom Oy in Finland, Citat AB, Klikki AB, Mods Graphic Studio AB and an associate company Brand Systems International AB in Sweden, Citat Ukraine LLC in Ukraine and Klikki ApS in Denmark.
|Net Revenue (M€)||32.9||20.3|
|Operating profit/loss (M€)||-1.1||-0,4|
In 2012, the business area’s net revenue was EUR 14.8 million (15.5) and operating loss was EUR 1.3 million (profit: EUR 0.5 million). This includes EUR 1.7 million (EUR 0.1 million) in costs related to the adjustment measures. Excluding these one-time expenses, the result decreased only a little from the previous year. The business area’s net revenue decreased slightly from the previous year and was EUR 14.8 million (EUR 15.5 million).
The business area comprises JG Communication AB in Sweden.
|Net Revenue (M€)||14.8||15.5|
|Operating profit/loss (M€)||-1.3||0.5|
In 2012, the business area’s net revenue was EUR 15.4 million (EUR 14.2 million). The acquisition of the National Centre for Professional Development in Education Educode Ltd increased net revenue by EUR 1.5 million. Edita Publishing Oy’s net revenue decreased slightly. The business area’s operating profit was EUR 2.4 million (EUR 3.0 million). Depreciation of goodwill resulting from the acquisition of the National Centre for Professional Development in Education Educode Ltd and the company’s rationalization expenses impaired the operating profit by EUR 0.3 million.
The business area comprises Edita Publishing Oy and the National Centre of Professional Development in Education Educode Oy in Finland.
|Net Revenue (M€)||15.4||14.2|
|Operating profit/loss (M€)||2.4||3.0|
Print & Distribution
In 2012, the business area’s net revenue was EUR 52.8 million (EUR 59.3 million). The net revenue decreased by EUR 6.5 million from the previous year due to the shrinking of the printing markets and the continuation of the fierce pricing competition. The acquisition of Sandvikens Tryckeri och Bokbinderi AB’s shares increased net revenue by EUR 1.3 million.The business area’s operating loss was EUR 1.4 million (profit: EUR 1.5 million), which is EUR 2.9 million down from the previous year. The operating profit was weakened by goodwill impairments (EUR 1.3 million) and the costs of the adjustment measures. On the other hand, it was improved by one-time profits yielded by Swedish VAT returns. In Finland, the operating profit without one-time items was positive and higher than in the previous year. In Swedish operations, the operating profit without one-time items was negative.
The business area includes Edita Prima Oy in Finland, Edita Västra Aros AB, Sandvikens Tryckeri AB and an associate company Edita Bobergs AB in Sweden.
|Net Revenue (M€)||52.8||59.3|
|Operating profit/loss (M€)||-1.4||1.5|
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Corporate governance 2012
Corporate Governance principles 2012
Nordic Morning Plc (since 14.10.2013, former Edita Plc) is a Finnish public limited company that is 100 percent owned by the Finnish State. Its corporate governance system complies with the laws of Finland, the company's Articles of Association, and, as applicable, the corporate governance recommendations concerning publicly listed companies.
Board of Directors 31.12.2012
Management team 31.12.2012
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