According to its strategy, Alma Media's Marketplaces business unit continues to expand internationally and will open a home and real estate portal called City24 in Croatia.
November 28, 2007 -- City24 is already in operation in the Baltic countries, Russia, Poland and Ukraine. Measured by the number of visitors, it is one of the leading home and real estate portals in Europe. City24 users can search for homes and properties in all areas where City24 is active, even outside their own country.
In Finland, the corresponding service is Alma Media's Etuovi.com, Finland's most popular and best known nationwide online service for home and property
sales. The service also includes a special newspaper focusing on home sales that is distributed to almost a million households in five localities.
After the service in Croatia is running, Alma Media intends to launch the City24 home portal in Bulgaria and other Adriatic Sea countries.
Alma Media is a profitably growing and internationally expanding company that invests in the future of newspapers and the online media. Its best known products are Aamulehti, Iltalehti, Kauppalehti and Etuovi.com.
Net
sales in 2006 totaled EUR 302 million and the operating margin was 16 %. The company's share is listed in the Mid Cap segment of the OMX Nordic Exchange's Nordic List, trading code ALN1V. More information at www.almamedia.fi.
Contact:
Raimo Mäkilä,
SVP,
Head of Marketplaces,
Alma Media,
tel. + 358 40 546 1892
News Source: hugin
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