Sanoma's year 2024

Sanoma’s purpose is to have a positive impact on the lives of millions of people every day through learning and media.

We are one of the global leaders in K12 education and Finland’s #1 digital cross-media company. Our ambition is that Sanoma’s net sales grows to over EUR 2 billion by 2030 with at least 75% coming from the learning business.

Our Annual Report 2024 consists of three sections: Sanoma’s business in brief, Financials and sustainability (including the Report of the Board of Directors, the Sustainability Statement, and the Financial Statements), and Governance (including the Corporate Governance Statement and the Remuneration Report).

Letter from the CEO

“In 2024, we made good progress on our strategic focus areas of increasing the profitability of Learning and Media Finland and deleveraging the Group's balance sheet. We also continued building on the long-term strengths of both businesses. As a result, our operational EBIT excl. PPA increased and our free cash flow improved strongly – by EUR 40 million or 38% – from the previous year.”

Key financial figures 2024

1.3

Net sales, billion €

180

Operational EBTI excl. PPA, million €

0.39

Dividend per share, €

0.46

Operational EPS, €

145

Free cash flow, million €

0.89

Free cash flow per share, €

Sustainability highlights

We reached significant emission reductions in both own operations and value chain. By the end of 2024, our own operations’ emissions have declined by 42% and value chain emissions by 38% compared to the base year 2021.

We continued the development of Diversity, Equality & Inclusion (DE&I). To ensure that our 5,200+ employees around Europe feel that we provide equal opportunities, we track the Equal opportunities rating in our annual Employee Engagement Survey. In 2024, the rating remained strong at 8.0 (scale 0-10).

We released our new Sustainability Statement, aligned with the Corporate Sustainability Reporting Directive and the European Sustainability Reporting Standards. In addition, to support investors, Sanoma published a separate Sustainability Accounting Standard Board (SASB) content index.

Learn more

Our business in brief The Report of the Board of Directors Sustainability Statement Financial Statements

Corporate Governance Statement Remuneration Report SASB Content index