Sanoma Corporation, Stock Exchange Release, 11 October 2018 at 08:30 EET
Sanoma improves its 2018 outlook on operational EBIT margin. Outlook on net sales 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 above 14%.
Previous outlook (given on 6 February 2018 and repeated on 24 July 2018):
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%.
Main reason for the improved 2018 outlook is good performance and profitability development in Sanoma Media Netherlands and Sanoma Learning while the performance of Sanoma Media Finland is stable.
Kaisa Uurasmaa, Head of Investor Relations and CSR, 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. More information is available at www.sanoma.com.