Sanoma Improves its Outlook for 2017

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Sanoma Corporation, Stock Exchange Release, 24 October 2017 at 13:45 CET+1

Sanoma improves its outlook for 2017.

New Group outlook:

For 2017, Sanoma expects that the Group’s consolidated net sales adjusted for structural changes, including the divestment of SBS, will be stable and the operational EBIT margin will be above 12%.

The main reason for the improved outlook is strong net sales and operational EBIT in the Learning segment in Poland, where the market momentum was exceptionally positive during the seasonally important third quarter. In the Media segments, the good operational performance has continued.

The previous outlook was: For 2017, Sanoma expects that the Group’s consolidated net sales adjusted for structural changes, including the divestment of SBS, will be stable and the operational EBIT margin will be above 11%.

 

Additional information
Head of IR and CSR, Kaisa Uurasmaa, tel. +358 40 560 5601

 

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.