Sanoma: Weaker-than-expected Q4 earnings, shares fall

Sanoma Oyj

10/02/2021 08:51

** Shares in Sanoma  SAA1V.HE  slump 5% after the Finnish
media group reports Q4 results  urn:newsml:reuters.com:*:nFWN2KF1HX
    ** The company's net sales grew to EUR 227 million but EBIT
loss more than doubled year-on-year to EUR 23 mln 
    ** Inderes says Q4 report was slightly weaker than expected
in terms of earnings
    ** The broker adds that for 2021 Sanoma guides for net sales
of EUR 1.2-1.3 bln and EBIT margin of 14-16% against consensus
forecasts of EUR 1.24 bln and 16.5%, respectively
    ** The stock is set for its worst day in nearly a year


($1 = 0.8247 euros)

 ((paulina.cwikowska@tr.com))