Alma Media’s Markets division, which houses the company’s classified businesses*, increased revenue and profit during in the fourth quarter of 2019. The company’s full-year revenue was also up, rising nearly 4% year-on-year.
Alma Markets’ full-year revenue was 100 million euros ($108.4 million U.S.) — up 3.7% from 96.4 million euros a year prior. It’s adjusted operating profit came in at 37.7 million euros ($40.9 million U.S.), which is up 9.3% from 34.4 million euros the previous year.
The segment recorded revenue of 24.6 million euros ($26.7 million U.S.) for the fourth quarter of 2019, up 0.7% year-on-year. Adjusted operating profit was 8.6 million euros ($9.3 million U.S.) in Q4 from 8.2 million euros in 2018 (a 4.6% increase).
On the other hand, the division’s international recruitment business, which accounted for 74% of the segment’s Q4 revenue, declined 1.9% year-over-year. The housing marketplace business accounted for 16.9% of the segment’s Q4 revenue and grew by 4% year-on-year. The automotive business represented 8.3% of the segment’s Q4 revenue and grew 17.2% from the same period a year prior.
In 2020, Alma Media expects group-wide, full-year revenue and adjusting operating profit to remain at the previous year’s level. Last year, Alma Media Group’s revenue was 250.2 million euros and the adjusted operating profit was 49.4 million euros.
*The businesses included in the Alma Markets division include recruitment sites Monster.fi, Jobs.cz, Prace.cz, CV Online, Profesia.sk, Workania.hu, MojPosao.net, Monster.hu, Monsterpolska.pl and Monster.cz. The segment also includes real estate sites Etuovi.com and Vuokraovi.com; the travel portal Gofinland.fi; and automotive verticals and services Autotalli.com, Autosofta, Autojerry.fi, WebSales and WebRent. Nettikoti and Talosofta, which provide ERP systems for new construction and renovation, are also reported in this unit, along with real estate agency system Kivi and Urakkamaailma, a marketplace for renovation and construction work.