Sales beat sends Sanoma shares to half year highs

Sanoma Oyj

28/07/2021 09:07

** Shares in Sanoma  SAA1V.HE  jump 5% after the Finnish
media group reports growth in net sales and profit across its
businesses  urn:newsml:reuters.com:*:nFWN2P31A9
    ** Posts second quarter sales rising 23% year-on-year,
operational EBIT up 20% from Q2 2020
    ** Cites acquisitions and says organic growth both in
Learning and Media Finland businesses was strong
    ** Inderes analysts say Q2 sales came in above expectations,
especially within Learning, which delivered growth of 29% versus
14% estimate made by the broker 
    ** Share price is at its highest in over five months; +16.3%
year-to-date

 (Reporting by Marta Frackowiak)
 ((marta.frackowiak@thomsonreuters.com))