Finland's Sanoma Q2 revenue falls as Media Finland sales decline
Finland's Sanoma Q2 revenue falls as Media Finland sales decline
Overview
Finland learning and media firm's Q2 net sales fell 1% as Media Finland declined
Adjusted EPS for Q2 rose 10% yr/yr, driven by stable earnings in Learning and cost cuts in Media
Company completed Vicens Vives acquisition in Spain, strengthening Learning segment
Outlook
Sanoma expects 2026 net sales of EUR 1.29–1.34 bln
Company sees 2026 adjusted operating profit at EUR 205–225 mln
Sanoma expects demand for learning content to increase, driven by curriculum renewals
Result Drivers
LEARNING SEGMENT GROWTH - Net sales in Learning increased, driven by content sales in the Netherlands, digital platform sales in Poland, and the Vicens Vives acquisition in Spain
SALES PHASING AND COSTS - Higher sales and marketing costs ahead of curriculum renewals and significant sales phasing to Q3 offset Learning's earnings growth
MEDIA FINLAND COST CONTAINMENT - Improved profitability in Media Finland was driven by cost containment and lower paper and TV programming costs despite declining net sales
Company press release: ID:nGNE9gKPpW
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| EUR 334.70 mln |
|
Q2 Net Income |
| EUR 32.50 mln |
|
Q2 EBIT |
| EUR 48.10 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the consumer publishing peer group is "buy."
Wall Street's median 12-month price target for Sanoma Oyj is €11.90, about 35.2% above its July 28 closing price of €8.80
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago
Reuters Recommended Reads
July 28 - Sweden's eEducation Albert Q2 sales fall on discontinued revenue streams
July 28 - Sweden's Storytel Q2 sales rise 12%, lifts 2026 EBITDA outlook
July 28 - France's M6 H1 revenue rises on streaming strength; expects positive cash flow impact from World Cup in H2
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)