Published on 10 February
(unchanged In the Half-Year Report 2021 and in the Q1 2021 Interim Report )
In 2021, Sanoma expects that the Group’s reported net sales will be EUR 1.2‒1.3 billion (2020: 1.1). The Group’s operational EBIT margin excluding PPA is expected to be 14%–16% (2020: 14.7%).
Regarding the operating environment and its implications for the business and financials Sanoma expects that:
- Net sales of the events business will be approximately half of the 2019 level (2019: EUR 35 million) and profitability around break-even.
- The advertising demand will be weighted towards the second half of the year.
- The learning business will not be significantly impacted by prolonged school closures in its main operating countries.