March 25, 2020 / 11:39 AM / 9 days ago

BRIEF-Alma Media Issues Profit Warning

March 25 (Reuters) - Alma Media Oyj:

* ALMA MEDIA ISSUES A PROFIT WARNING - THE COMPANY DOES NOT ISSUE A NEW GUIDANCE DUE TO THE UNCERTAIN MARKET SITUATION

* CHANGES OUTLOOK STATEMENT FOR 2020 DUE TO ESTIMATED IMPACT OF COVID-19.

* ON CORONAVIRUS: ALMA MEDIA CHANGES OUTLOOK STATEMENT FOR 2020 DUE TO ESTIMATED IMPACT OF COVID-19

* ASSESSES COMPANY’S FINANCIAL POSITION TO BE SOLID

* HAS A STRONG BALANCE SHEET POSITION AND ITS LIQUIDITY SITUATION IS GOOD.

* DESPITE NEGATIVE FACTORS AFFECTING BUSINESS OPERATIONS, ALMA MEDIA ASSESSES COMPANY’S FINANCIAL POSITION TO BE SOLID

* COMPANY HAS A STRONG BALANCE SHEET POSITION AND ITS LIQUIDITY SITUATION IS GOOD

* GENERAL SUDDEN DECLINE IN DEMAND IS ESTIMATED TO HAVE A SIGNIFICANT INDIRECT IMPACT ON BUSINESS AREAS SUCH AS RECRUITMENT ADVERTISING IN ALMA MARKETS SEGMENT AND ADVERTISING SALES IN ALMA TALENT’S AND ALMA CONSUMER’S MEDIA AND SERVICES

* GUIDANCE ISSUED PREVIOUSLY, ON 14 FEBRUARY 2020, IS NO LONGER VALID UNDER CHANGED CIRCUMSTANCES. Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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