SanomaWSOY's net sales during the first quarter rose by just under 5% on last year and totalled EUR 361.4 million (1-3/2000: EUR 345.9 million). The drop in the Group's profit reflects the sell-off of technology shares from the Group's asset management portfolio in early 2000. Profit before extraordinary items totalled EUR 18.1 million (51.4 million), and operating profit, EUR 12.7 million (13.1 million). We project that SanomaWSOY's net sales for 2001 will increase by some 6%, to well over EUR 1.5 billion. Despite development-related expenditure and goodwill depreciation, the Group's operating profit is projected to be at the same level as in 2000.
SanomaWSOY's Interim Report, January 1 - March 31, 2001
Sanoma Group Stock Exchange Releases