Financial responsibility means ensuring the efficiency, profitability and competitiveness of the company. It also means good governance and risk management. In this respect, the company complies with its governance and control system.
Talentum's financial responsibility is guided by the business strategy. This strategy sets profitable growth and diversification of the income structure as the company's targets.
A steady increase in value and profitable operation of the company also have a positive effect on customers and safeguard the financial wellbeing of the owners, staff and suppliers of goods and services.
Through corporate taxes, Talentum's financial results also have a more wide-reaching impact on the society. A sound financial position is also a requisite for investing in environmental and social responsibility.
Read more about our governance and control system in the Governance section.
Customers
Talentum's clientele consists of readers and advertisers. In the Nordic countries, Talentum has a total of some 1.4 million readers of journals and magazines and n1.2 million users of the online services. In 2010, Talentum produced net sales of Eur 81.0 million.
Personnel
The company employed some 800 people in Finland, Sweden, the Baltics and Russia in 2010. The sum of salaries, fees and personnel overheads totalled Eur 42.8 million.
Suppliers
In 2010, Talentum bought raw materials and services from our suppliers for a total value of Eur 13.3 million.
Sources of finance
The dividends as well as interest and other financial yields from sources of finance were Eur 1.3 million in 2010.
Talentum paid Eur 1.5 million to financial institutions in interests and other financing costs in 2010.
Shareholders
At the end of 2010, Talentum had 3,584 shareholders. The largest of these was Alma Media Oyj (Kauppalehti Oy) with a 32.14% holding.
The Annual General Meeting held on March 31, 2010 resolved that for the year
2009, that a dividend is not distributed.
In 2010 no dividends were paid.
The public sector
Talentum paid a total of Eur 0.1 million in income tax to the public sector in 2010.
