Long-term financial targets
|Comparable net sales growth||2-5%||0%|
|Operational EBIT margin excl. PPA||20-22%||21.7%|
Sanoma Learning today
We have strengthened our competitive advantages with acquisitions:
> Strong market position in blended course materials in five countries complemented by solid digital platform proposition in an additional six countries.
> We have a direct access both to school administrators and teachers.
> We aim to provide “Classroom as a Service” – one-stop-shop for a broader portfolio of services needed by the K12 schools.
> We are gradually converting from single product sales to subscription model which increases the attractiveness of the K12 learning services market.
> Market for the blended course materials is expected to be stable in the long-term but we expect significant growth in the Polish and Dutch markets in 2020-2021. Due to our recent market share increase we will benefit even more from the market growth in the coming years.
Impact of curriculum renewals, market value, indexed to 2019
We have readiness to continue to grow through M&A
We focus on using our scale and capabilities in learning design, technology and services to:
> Enter new geographies in K12
> Expand our offering in existing markets