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FINLAND COMPANY SANOMA, CO-OWNER VEDOMOSTI IS EXPECTING REVENUE DECREASE IN RUSSIA IN THE COMING 3 YEARS.

According to the company’s presentation, revenue of Russian assets decreased in 2013 almost for 5% from 5,44 bln. till 5,17 bln.RUB. Sanoma’s share in these assets is around 52%. In the coming three year, revenue will continue to drop, till 5,123 bln.RUB in 2014, till 5,116 bln. in  2015, till 5,115 bln. in 2016.

 


EBITDA in 2013 decreased for 5,17%, till 1,04 bln.RUB (according to presentation’s data). In 2014,  EBITDA expectedly will drop for almost 10%, till 942 mln.RUB, in 2015 will be growth till 1,03 bln. and in 2016 – decrease again till 1,02 bln.RUB.
According to Russian Agency Communication Association, volume of advertising print media will decrease in 1H2014 for 10% vs same period last year and will reach around 17 bln.RUB. Advertising market volume in the Internet at the same time increased for 20%.