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SANOMA — Sanoma Oyj News Story

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Brief: Sanoma Outlook FY Adjusted EBIT EUR 180-190 Mln

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)

 ((gdansk.newsroom@thomsonreuters.com;))

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