Brief: Sanoma Launches Three-Year Process And Efficiency Improvement Program In Learning SBU

Sanoma Oyj

26/10/2023 06:52

Oct 26 (Reuters) - Sanoma Oyj  SANOMA.HE :
    * SANOMA LEARNING TO REACH ITS LONG-TERM PROFITABILITY
TARGET OF
23% IN 2026 THROUGH NEW PROCESS AND EFFICIENCY IMPROVEMENT
PROGRAM
    * IS LAUNCHING A THREE-YEAR PROCESS AND EFFICIENCY
IMPROVEMENT
PROGRAM "SOLAR" IN LEARNING SBU
    * SUPPORTED BY SOLAR, SANOMA ESTIMATES THAT LEARNING'S
OPERATIONAL
EBIT MARGIN EXCLUDING. PPA WILL REACH ITS LONG-TERM TARGET LEVEL
OF 23% IN 2026 (APPROX. 18% IN FY 2023)
    * ANNUAL OPERATIONAL EFFICIENCIES FROM SOLAR ARE ESTIMATED
TO
AMOUNT TO APPROX. EUR 55 MILLION FROM 2026 ONWARDS

Source text for Eikon:  ID:nGNE4rpRjv 
Further company coverage:  SANOMA.HE 

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