Brief: Sanoma Q4 EBIT Loss Narrows To EUR 19 Million

Sanoma Oyj

11/02/2022 06:35

Feb 11 (Reuters) - Sanoma Oyj  SAA1V.HE :
    * REG-SANOMA CORPORATION, FULL-YEAR 2021 RESULT: STRONG
GROWTH IN
NET SALES AND OPERATIONAL EBIT IN BOTH BUSINESSES
    * Q4 NET SALES EUR 252 MILLION VERSUS EUR 227 MILLION YEAR
AGO
    * SANOMA OYJ Q4 EBIT LOSS EUR 19 MILLION VERSUS LOSS EUR 23
MILLION YEAR AGO
    * IN 2022, SANOMA EXPECTS THAT GROUP'S REPORTED NET SALES
WILL BE
EUR 1.25‒1.30 BILLION (2021: 1.25)
    * IN 2022 GROUP'S OPERATIONAL EBIT MARGIN EXCLUDING. PPA IS
EXPECTED TO BE BETWEEN 15−16% (2021: 15.8%)
    * AFTER A SUCCESSFUL YEAR 2021, BOARD PROPOSES AN INCREASED
DIVIDEND OF EUR 0.54 (2020: 0.52)
    * INTEGRATION OF SANTILLANA HAS PROGRESSED ACCORDING TO OUR
PLAN
AND ITS FIRST YEAR AS A SANOMA COMPANY WAS SUCCESSFUL
    * SANTILLANA TEAM IS WELL PREPARED FOR EDUCATIONAL REFORM IN
2022−23, ALTHOUGH ITS PACE AND PHASING CONTINUE TO BE PARTIALLY
UNCERTAIN, AS LOCAL AUTHORITIES IN SPANISH PROVINCES HAVE NOT
YET CONCLUDED THEIR DECISION TAKING
    * IN 2021, MAJORITY OF ORGANIC GROWTH IN LEARNING RESULTED
FROM
POLAND, WHERE IT WAS LAST IMPLEMENTATION YEAR OF LATEST
CURRICULUM RENEWAL, AND NETHERLANDS, WHERE DEMAND WAS AMPLIFIED
BY HIGHER PUBLIC SPENDING ON EDUCATION, INCREASING SHARE OF
SUBSCRIPTIONS AS WELL AS AN INCREASE IN MARKET SHARE
    * IN POLAND, WE FORESEE AFTER YEARS OF STRONG GROWTH A
SIGNIFICANT
MARKET DECLINE IN 2022 AHEAD OF NEXT CURRICULUM RENEWAL IN 2023
    * IN LEARNING, WE EXPECT STRONG CURRICULUM DRIVEN SALES
GROWTH IN
SPAIN DURING 2022−2023
    * IN MEDIA FINLAND ADVERTISING SALES ARE EXPECTED TO SHOW
CONTINUED STRENGTH DRIVEN BY DIGITAL, WHICH IS ALREADY EXCEEDING
SHARE OF DECLINING PRINT ADVERTISING
    * WE WILL CONTINUE TO DEVELOP OUR DIGITAL PLATFORMS AND
ADAPT OUR
OFFICES TO NEW WAYS OF WORKING BOTH IN LEARNING AND MEDIA
FINLAND

Source text for Eikon:  ID:nGNE1nJY6y 
Further company coverage:  SAA1V.HE 

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