Sanoma Corporation, Press release, 6 June 2018 at 18:30 CET+1
SANOMA CAPITAL MARKETS DAY 2018: BUILDING ON A SOLID BASE FOR SELECTIVE GROWTH
Sanoma is hosting its Capital Markets Day 2018 tomorrow, 7 June, in Helsinki. During the day the management will provide an update on the strategy and financial performance of Sanoma Group and its three businesses.
Sanoma’s long-term financial targets remain unchanged and are:
- Net debt / Adj. EBITDA below 2.5
- Equity ratio 35-45%
- Increasing dividend corresponding to 40-60% of cash flow from operations less capital expenditure.
Sanoma’s focus will remain on its customers, delivering solid profitability and improving its cash flow, whilst increasingly concentrating on selective growth through M&A. Sanoma estimates it would have EUR 300-400 million headroom for acquisitions in 2019, whilst maintaining leverage at the long-term target level and being fully committed to its dividend policy.
Sanoma’s outlook for 2018 remains unchanged. In 2018, Sanoma expects that the Group’s consolidated net sales adjusted for structural changes will be slightly below 2017, and operational EBIT margin will be around 14%. The outlook is based on an assumption of the consumer confidence and advertising markets in the Netherlands and Finland being in line with that of 2017.
CMD presentation material and recordings
The presentation materials will be available on Sanoma’s website at https://sanoma.com/investors/ on 7 June 2018 at approx. 8:00 EET. Recordings of the presentations will be available online on the same page the day after the event.
Investor Relations, Kaisa Uurasmaa, tel. +358 40 560 5601
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 operations in Finland, the Netherlands, Poland, Belgium and Sweden, our net sales totalled EUR 1.4 billion and we employed more than 4,400 professionals in 2017. Sanoma shares are listed on Nasdaq Helsinki.