Brief: Sanoma Sees 2024 Operational EBIT In Range Of EUR 160−180 Mln

Sanoma Oyj

07/02/2024 06:43

Feb 7 (Reuters) - Sanoma Oyj  SANOMA.HE :
    * BOARD PROPOSES A DIVIDEND OF 0.37 EUR PER SHARE (2022:
0.37) FOR
YEAR 2023, CORRESPONDING TO 58% OF UNDERLYING FREE CASH FLOW
    * DIVIDEND WILL BE PAID IN THREE INSTALMENTS, EUR 0.13 IN
APRIL,
EUR 0.13 IN SEPTEMBER AND EUR 0.11 IN NOVEMBER
    * OUTLOOK FOR 2024: IN 2024, SANOMA EXPECTS THAT GROUP'S
REPORTED
NET SALES WILL BE EUR 1.29‒1.34 BILLION (2023: 1.4)
    * OUTLOOK FOR 2024: GROUP'S OPERATIONAL EBIT EXCLUDING. PPA
IS
EXPECTED TO BE EUR 160−180 MILLION (2023: 175)
    * IN 2023, OUR NET SALES GROWTH AND OPERATIONAL EBIT WERE
DRIVEN
BY STRONG PERFORMANCE IN LEARNING, WHILE MEDIA FINLAND MANAGED
TO PARTIALLY MITIGATE IMPACT OF LOWER ADVERTISING DEMAND AND
COST INFLATION ON ITS FINANCIALS
    * OUR OUTLOOK FOR 2024 INDICATES LOWER NET SALES COMPARED TO
2023
    * OUTLOOK 2024: ADVERTISING MARKET IN FINLAND WILL DECLINE
SLIGHTLY
    * OUTLOOK 2024: DEVELOPMENT IN ECONOMIES OF GROUP'S
OPERATING
COUNTRIES IS EXPECTED TO BE RELATIVELY STABLE

Source text for Eikon:  ID:nGNE3wsCV1 
Further company coverage:  SANOMA.HE 

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