Brief: Sanoma Q4 EBIT Loss Widens To EUR 23 MLn

Sanoma Oyj

10/02/2021 06:37

Feb 10 (Reuters) - Sanoma Oyj  SAA1V.HE :
    * REG-SANOMA’S FULL-YEAR 2020 RESULT: STRONG OPERATIONAL
EBIT
MARGIN IN AN EXCEPTIONAL YEAR – NET SALES GREW THROUGH
ACQUISITIONS
    * Q4 GROUP'S NET SALES GREW TO EUR 227 MILLION (2019: 205)
    * Q4 EBIT WAS EUR -23 MILLION (2019: -10)
    * BOARD PROPOSES A DIVIDEND OF EUR 0.52 PER SHARE TO BE PAID
FOR
YEAR 2020 IN TWO INSTALMENTS, EUR 0.26 ON 22 APRIL AND EUR 0.26
IN NOVEMBER (ESTIMATED)
    * IN 2021, SANOMA EXPECTS THAT GROUP'S REPORTED NET SALES
WILL BE
EUR 1.2‒1.3 BILLION (2020: 1.1).
    * OUTLOOK 2021: GROUP'S OPERATIONAL EBIT MARGIN EXCLUDING
PPA IS
EXPECTED TO BE 14%-16% (2020: 14.7%).
    * OUR ADVERTISING AND EVENTS BUSINESSES WERE SEVERELY
IMPACTED BY
CORONAVIRUS PANDEMIC
    * UNCERTAINTY AND LIMITED VISIBILITY RELATED TO ADVERTISING
MARKETS AND EVENTS BUSINESS ARE EXPECTED TO CONTINUE INTO 2021.

Source text for Eikon:  ID:nGNE5VS3Xx 
Further company coverage:  SAA1V.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))