Brief: Sanoma Proposes Dividend Of EUR 0.37 Per Share

Sanoma Oyj

10/02/2023 07:23

Feb 10 (Reuters) - Sanoma Oyj  SANOMA.HE :
    * BOARD PROPOSES A DIVIDEND OF 0.37 EUR PER SHARE (2021:
0.54),
CORRESPONDING TO 93% OF UNDERLYING FREE CASH FLOW
    * DIVIDEND WILL BE PAID IN THREE INSTALMENTS, EUR 0.13 ON 28
APRIL, EUR 0.13 IN SEPTEMBER AND EUR 0.11 IN NOVEMBER
    * OUTLOOK: IN 2023, SANOMA EXPECTS THAT GROUP'S REPORTED NET
SALES
WILL BE EUR 1.35‒1.4 BILLION (2022: 1.3)
    * OUTLOOK 2023: GROUP'S OPERATIONAL EBIT EXCLUDING. PPA IS
EXPECTED TO BE EUR 150−180 MILLION (2022: 189)
    * OUTLOOK: WE EXPECT CHALLENGING OPERATING ENVIRONMENT TO
CONTINUE, LEADING TO A MILD RECESSION IN MOST OF OUR OPERATING
COUNTRIES
    * IN Q4 POSITIVE IMPACT OF ACQUISITION OF PEARSON ITALY AND
GERMANY WAS PARTIALLY OFFSET BY LOWER ADVERTISING SALES
    * OUTLOOK REGARDING OPERATING ENVIRONMENT: CO EXPECTS
ADVERTISING
MARKET IN FINLAND WILL DECLINE SLIGHTLY, WITH MOST OF DECLINE
DURING FIRST HALF OF YEAR

Source text for Eikon:  ID:nGNE4VrX5v 
Further company coverage:  SANOMA.HE 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))