Sanoma Corporation, Stock Exchange Release, 20 October 2016 at 18:45 CET+1
Sanoma improves its outlook for 2016. The reason to revise the outlook is the overall improved operational performance.
New Group outlook for 2016:
In 2016, Sanoma expects that the Group's consolidated net sales development adjusted for structural changes will improve from last year (2015: -3.4%). The operational EBIT margin is estimated to be above 9.5%.
The previous outlook for 2016 (published on 14 July 2016) was: ‘In 2016, Sanoma expects that the Group's consolidated net sales development adjusted for structural changes will improve from last year (2015: -3.4%). The operational EBIT margin is estimated to be around 9%.’
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 1.7 billion and we employed over 6,000 professionals in 2015. The Sanoma shares are listed in Nasdaq Helsinki.