Oct 30 (Reuters) - Sanoma Oyj SANOMA.HE:
SANOMA Q3 SALES EUR 515.8 MILLION VERSUS. ESTIMATE EUR 513.9 MILLION
SANOMA Q3 EBIT EUR 81.9 MILLION VERSUS. ESTIMATE EUR 143.9 MILLION
SANOMA Q3 NET INCOME EUR 57.6 MILLION
SANOMA OUTLOOK FY ADJUSTED EBIT EUR 180-190 MILLION
SANOMA OUTLOOK FY SALES EUR 1,290-1,310 MILLION
WE HAD A SOLID Q3 IN BOTH LEARNING AND MEDIA FINLAND
Q3 IS ALWAYS IMPORTANT HIGH SEASON IN LEARNING
AS WE HAD INDICATED EARLIER, LAST YEAR OF LOWER CYCLE IN SPAIN AND POLAND WAS MORE THAN OFFSET BY GROWTH IN OUR OTHER LEARNING CONTENT BUSINESSES, ESPECIALLY IN NETHERLANDS
OVERALL, LEARNING'S NET SALES DECLINED SLIGHTLY DUE TO PLANNED DISCONTINUATION OF LOW-VALUE DISTRIBUTION CONTRACTS IN NETHERLANDS, WHILE COST BASE IMPROVED AS WE CONTINUED TO SEE POSITIVE IMPACTS OF PROGRAM SOLAR
IN MEDIA FINLAND, SUBSCRIPTION SALES CONTINUED TO GROW DRIVEN BY GOOD DEVELOPMENT OF SVOD SERVICE RUUTU+ THAT DEMONSTRATES OUR ATTRACTIVE ENTERTAINMENT AND SPORTS CONTENT
Source text: ID:nGNE21McFM
Further company coverage: SANOMA.HE
(Gdansk Newsroom)
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