Group news

10.11.2022

Otava Ltd has bought a minority stake in Storytel AB

Otava Ltd has bought a minority stake (3,5 %) in Storytel AB for about 125 MSEK. The company is listed on the Stockholm stock exchange.​​​​​​​...

30.09.2022

Eva Reenpää appointed as Managing Director of Otava Publishing Company Ltd

Eva Reenpää (MSc. (Econ.)) has been appointed as Managing Director of Otava Publishing Company Ltd effective 1 January 2023. Eva Reenpää has served as the...

02.03.2022

Otava Group’s 2021 Financial Statement Bulletin

Sale of NettiX resulted in large capital gains Considering the circumstances, the Group’s operating profit excluding non-recurring items remained excellent, totalling EUR 24.5 million.  Capital...

01.09.2021

Otavamedia Ltd’s Managing Director Timo Kopra will leave the Group as of 1 September 2021

“I’d like to thank Timo for the more than eighteen years we’ve spent working together. This period has included a diverse range of challenges relating...

05.03.2021

Otava divests Nettix to Alma Media

Otava Group has signed an agreement with Alma Media Corporation to divest the share capital of Nettix Ltd. The enterprise value is EUR 170 million,...

26.02.2021

Otava Group’s 2020 Financial Statement Bulletin

Otava Group’s result remains good Otava Group’s net sales fell by 3 per cent to EUR 277.7 (286.2) million. Considering the circumstances, the Group’s operating...

01.10.2020

Otava Publishing Company Ltd has acquired publishing house Atena Kustannus

On 1 October 2020, Otava Publishing Company Ltd signed an agreement for the purchase of the share capital of Atena Kustannus’ principal owner, Svenska folkskolans...

18.09.2020

Professor and publisher Heikki A. Reenpää has passed away

Heikki A. Reenpää (born 1922), long-standing Chair of the Board and Managing Director of Otava, passed away peacefully in Helsinki on 18 September 2020. Publisher...

17.06.2020

Otava Ltd to join new Finnish film company to promote the implementation of high-quality domestic films

The investors who raised the funds for the Finnish blockbuster Tuntematon Sotilas have joined forces with Otava Ltd to buy Elokuvayhtiö Suomi 2017 Oy, the...

03.03.2020

The Otava Group’s Financial Statements Release for 2019

The Otava Group’s result remains good The Otava Group’s net sales fell by 4 per cent to EUR 286.2 (299.1) million. The Group’s operating profit...