Comparable figures 2016–2017 for Sanoma’s new segments

Print

Sanoma Corporation, Stock Exchange Release, 20 July 2017 at 10:30 CET+1

Sanoma announced on 19 July that it will change its segment reporting. Previously Sanoma reported two segments, Consumer Media (comprising Sanoma Media Finland and Sanoma Media BeNe) and Learning (comprising Sanoma Learning). Following the divestment of the Dutch TV business, Sanoma considers that the operations of its two strategic business units focusing on consumer media, Sanoma Media Finland and Sanoma Media BeNe, are quite different and should be reported separately. Therefore Sanoma will report three operating segments going forward, i.e. its three strategic business units Sanoma Media BeNe, Sanoma Media Finland and Sanoma Learning. This will be aligned with the way Sanoma manages the businesses.

Comparable information for new segments for all quarters in 2016 and first quarter in 2017 is provided in the attached tables. The half-year report, to be published on 25 July, will be prepared in accordance with the new structure.

The information is available also in Sanoma.com/investors.

 

Additional information
Sanoma's Investor Relations, Anna Tuominen, tel. +358 40 584 6944

Sanoma

Sanoma is a front running media and learning company impacting the lives of millions every day. We provide consumers with engaging content, offer unique marketing solutions to business partners and enable teachers to excel at developing the talents of every child.

With companies operating in Finland, the Netherlands, Belgium, Poland and Sweden, our net sales totalled EUR 1.6 billion and we employed over 5,000 professionals in 2016. The Sanoma shares are listed on Nasdaq Helsinki.

 

Segment information

Segment assets do not include cash and cash equivalents, interest-bearing receivables, tax receivables and deferred tax receivables. Transactions between segments are based on market prices.

Sanoma segments 1.1–31.3.2017 (Restated)

EUR million Media
BeNe
Media
Finland
Learning Unallocated/
eliminations
Total
External net sales 168.1 144.1 31.7   343.8
Internal net sales   0.1   -0.1  
Net sales, total 168.1 144.1 31.7 -0.1 343.8
Operating profit -408.0 19.6 -15.5 -11.8 -415.9
Operational EBIT 9.3 19.0 -15.0 -1.9 11.4
Share of results in associated companies 0.0 0.0     0.1
Financial income       4.7 4.7
Financial expenses       -11.3 -11.3
Result before taxes         -422.4
Segment assets 1,267.4 251.4 520.5 42.1 2,081.4

 

 

Sanoma segments 1.1–31.12.2016 (Restated)

EUR million Media
BeNe
Media
Finland
Learning Unallocated/
eliminations
Total
External net sales 775.9 580.5 282.5 0.3 1,639.1
Internal net sales   0.4 0.1 -0.6  
Net sales, total 775.9 580.9 282.6 -0.3 1,639.1
Depreciation, amortisation and impairment losses -161.4 -93.9 -39.9 -4.5 -299.7
Operating profit 100.6 41.3 67.4 -12.6 196.6
Operational EBIT 85.6 49.5 56.8 -24.0 167.9
Share of results in associated companies -2.2 0.3 -0.4 -0.2 -2.4
Financial income       10.5 10.5
Financial expenses       -47.5 -47.5
Result before taxes         157.2
Capital expenditure 5.8 5.2 17.7 6.0 34.8
Goodwill 1,302.3 86.5 274.2 0,0 1,663.0
Equity-accounted investees 17.2 3.7 0.1 0.4 21.3
Segment assets 1,720.2 258.1 505.0 43.6 2,526.9
Other assets       78.7 78.7
Total assets         2,605.6
Segment liabilities 931.9 215.9 110.3 -553.4 704.7
Other liabilities         898.5
Total liabilities         1,603.1
Cash flow from operations 60.9 80.4 56.5 -44.3 153.5
Average number of employees (full-time equivalents) 1,799 1,797 1,413 374 5,384

 


 

Sanoma segments 1.1–30.9.2016 (Restated)

EUR million Media
BeNe
Media
Finland
Learning Unallocated/
eliminations
Total
External net sales 557.9 428.2 254.6 0.2 1,241.0
Internal net sales   0.3 0.0 -0.3  
Net sales, total 557.9 428.5 254.6 0,0 1,241.0
Operating profit 89.3 37.2 101.4 -8.2 219.8
Operational EBIT 58.8 40.3 80.6 -13.2 166.5
Share of results in associated companies -0.3 0.2 -0.4 0,0 -0.4
Financial income       10.6 10.6
Financial expenses       -34.4 -34.4
Result before taxes         195.6
Segment assets 1,719.3 297.6 572.3 50.2 2,639.4

 

Sanoma segments 1.1–30.6.2016 (Restated)

EUR million Media
BeNe
Media
Finland
Learning Unallocated/
eliminations
Total
External net sales 378.2 294.4 129.9 0.3 802.8
Internal net sales   0.2 0.0 -0.2  
Net sales, total 378.2 294.6 129.9 0.1 802.8
Operating profit 65.3 27.6 52.6 -0.8 144.7
Operational EBIT 37.0 30.1 30.1 -8.4 88.8
Share of results in associated companies -0.2 0.1 0.0   -0.1
Financial income       9.6 9.6
Financial expenses       -27.2 -27.2
Result before taxes         127.0
Segment assets 1 723,7 278,5 570,9 52.7 2,625.8

 

Sanoma segments 1.1–31.3.2016 (Restated)

EUR million Media
BeNe
Media
Finland
Learning Unallocated/
eliminations
Total
External net sales 175.6 144.4 32.9 0.2 353.1
Internal net sales   0.1 0.0 -0.1  
Net sales, total 175.6 144.5 32.9 0.1 353.1
Operating profit 11.4 10.1 -11.1 -7.3 3.1
Operational EBIT 7.4 11.0 -10.9 -5.6 1.9
Share of results in associated companies -0.1 0.1 0.0   0.1
Financial income       9.2 9.2
Financial expenses       -17.9 -17.9
Result before taxes         -5.5
Segment assets 1,726.6 284.7 498.6 54.7 2,564.7

 

File: Restated figures_Sanoma segment information 2016-2017 (2).XLSX