Sanoma Oyj

Latest Results (15.10.2025):

Sanoma Oyj reported its Half-Year 2025 financial results, showcasing stable net sales and improved operational earnings driven by its Learning segment. Despite challenges in the Media Finland division, the company achieved higher earnings per share and enhanced its financial position.

Stable Net Sales

Sanoma Oyj's net sales for the first half of 2025 were EUR 560.9 million, slightly down from EUR 563.3 million in the same period last year. The Learning and Media Finland segments maintained relatively stable sales, with growth in key markets offsetting declines in advertising demand.

Increased Operational EBIT

The company's Operational EBIT excluding PPA rose to EUR 62.0 million in H1 2025 from EUR 61.0 million in 2024. This increase was primarily driven by higher earnings in the Learning segment, supported by a positive sales mix and improved cost base.

Strong Performance in Learning

Sanoma Oyj's Learning segment saw significant growth, particularly in Poland, the Netherlands, and Italy, driven by digital platform sales and effective cost management. This growth more than offset the expected lower sales in Spain.

Challenges in Media Finland

The Media Finland division experienced a decline in net sales due to reduced advertising demand. Despite this, digital earnings improved, supported by higher operational earnings and lower costs related to subscriptions and paper usage.

Improved Financial Metrics

Operational earnings per share increased to EUR 0.19 from EUR 0.14 in the previous year. Additionally, Sanoma Oyj strengthened its financial position with a net debt to Adjusted EBITDA ratio of 2.5, well within the target level of below 3.0.

Dividend and Free Cash Flow

The Annual General Meeting approved an increased dividend of EUR 0.39 per share for 2024, up from EUR 0.37. Free cash flow improved to EUR -51.7 million in H1 2025, reflecting higher operational earnings and lower financing costs.