Brief: Sanoma Q1 EBIT Loss Narrows To EUR 22 Million

Sanoma Oyj

29/04/2022 06:39

April 29 (Reuters) - Sanoma Oyj  SAA1V.HE :
    * Q1 LOSS PER SHARE 0.11 EUR
    * REG-SANOMA CORPORATION, INTERIM REPORT JANUARY-MARCH
2022: SOLID
START TO THE YEAR
    * Q1 NET SALES EUR 211 MILLION VERSUS EUR 210 MILLION YEAR
AGO
    * Q1 EBIT LOSS EUR 22 MILLION VERSUS LOSS EUR 24 MILLION
YEAR AGO
    * OUTLOOK FOR 2022 (UNCHANGED)
    * OVERALL, SPANISH GROWTH AND POLISH DECLINE ARE EXPECTED TO
MORE
OR LESS OFFSET EACH OTHER IN 2022.
    * SUPPLY OF NEWSPRINT WAS VERY TIGHT IN JANUARY−APRIL DUE TO
A
LONG STRIKE IN ONLY NEWSPRINT PAPER MILL IN FINLAND AND
DISCONTINUATION OF PROCUREMENT OF PAPER FROM RUSSIA
    * AS EXPECTED ALREADY AT BEGINNING OF YEAR, PRICE OF
NEWSPRINT
PAPER INCREASED SIGNIFICANTLY DURING QUARTER AND IS EXPECTED TO
REMAIN HIGH FOR REST OF YEAR, WHILE WE HAVE BEEN OPTIMISING OUR
PAPER USAGE TO MITIGATE PART OF ADDITIONAL COSTS

Source text for Eikon:  ID:nGNE9pP0XC 
Further company coverage:  SAA1V.HE 

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