Sanoma Oyj

SANOMA

Equity

ISIN FI0009007694 / Valor 933498

NASDAQ Helsinki Ltd, Equities (2024-11-22)

EUR 7.03+0.86%

Sanoma Oyj
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About company

Sanoma Oyj is a leading Finnish cross-media media company, with a strong presence in the media industry. The company operates a diverse portfolio of media outlets, including newspapers, magazines, television channels, and digital platforms. Sanoma Oyj is known for its innovative approach to content creation and distribution, catering to a wide range of audiences across Finland. With a focus on delivering high-quality, engaging content, Sanoma Oyj continues to be a key player in the Finnish media landscape.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Net Sales Growth

Sanoma Oyj's net sales for the full year 2023 grew to EUR 1,393 million, up from EUR 1,298 million in 2022. This growth was primarily driven by significant net sales increases in the Learning segment, particularly due to the acquisition of Italian and German businesses and strong learning content sales in Spain and Poland.

Operational EBIT

Sanoma Oyj reported a decrease in operational EBIT excluding PPA to EUR 175 million in 2023, down from EUR 189 million in 2022. The operational EBIT margin also declined to 12.6% from 14.6% the previous year. This decrease was mainly due to lower advertising sales and cost inflation impacting the Media Finland segment.

Free Cash Flow

Sanoma Oyj's free cash flow for 2023 was EUR 105 million, a slight decrease from EUR 112 million in 2022. The decline was influenced by lower earnings in Media Finland and higher interest payments on external debt, although it was partially offset by improved working capital management in the Learning segment and lower taxes paid.

Dividend Proposal

The Board of Directors of Sanoma Oyj has proposed a stable dividend of EUR 0.37 per share for the year 2023, consistent with the previous year. This dividend corresponds to 58% of the underlying free cash flow and will be paid in three instalments throughout the year.

Outlook for 2024

For 2024, Sanoma Oyj expects the Group's reported net sales to be between EUR 1.29 billion and EUR 1.34 billion, slightly lower than the EUR 1.4 billion reported in 2023. The company anticipates a slight decline in the advertising market in Finland but expects stable economic conditions in its operating countries.

Summarized from source with an LLMView Source

Key figures

-0.28%1Y

-49.5%3Y

-24.8%5Y

Performance

29.9%1Y

31.5%3Y

33.9%5Y

Volatility