Group news

02.03.2023

The Otava Group’s 2022 Financial Statement Bulletin

Otava Group’s net sales fell by 6 per cent to EUR 239.6 million (255.3 in the previous year). Comparable net sales were down by 4...

07.12.2022

Otava donates EUR 30,000 to promote children’s and young people’s reading

“Inspiring children and young people to enter the world of books is important to us at Otava, and this year we want to make a...

30.11.2022

Otava donates EUR 30,000 to promote children’s and young people’s reading

“Inspiring children and young people to enter the world of books is important to us at Otava, and this year we want to make a...

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...