Sanoma Corporation, Investor news, 4 October 2022 at 11:00 EET
Sanoma divests Eduarte, a Dutch student administration system provider for vocational education
Sanoma has divested Eduarte, a student administration system provider for vocational education in the Netherlands to Topicus, a pan-European provider of vertical market software and platforms. The divestment is in line with Sanoma’s strategy to harmonise its digital offering across the learning business.
In 2021, Eduarte’s net sales were EUR 9 million and the company employed 45 people who transferred to the buyer with the divestment.
Kaisa Uurasmaa, Head of Investor Relations and Sustainability, tel. +358 40 560 5601
Sanoma is an innovative and agile learning and media company impacting the lives of millions every day. Our Sustainability Strategy is designed to maximise our positive ‘brainprint’ on society and to minimise our environmental footprint. We are committed to the UN Sustainable Development Goals and signatory to the UN Global Compact.
Our learning products and services enable teachers to develop the talents of every child to reach their full potential. We offer printed and digital learning content as well as digital learning and teaching platforms for primary, secondary and vocational education, and want to grow our business.
Our Finnish media provide independent journalism and engaging entertainment also for generations to come. Our unique cross-media position offers the widest reach and tailored marketing solutions for our business partners.
Today, we operate in twelve European countries and employ more than 5,000 professionals. In 2021, our net sales amounted to approx. 1.25bn€ and our operational EBIT margin excl. PPA was 15.8%. Sanoma shares are listed on Nasdaq Helsinki. More information is available at sanoma.com.