From GlobeNewswire: 2025-02-11 01:30:00

Sanoma Corporation reported an increase in operational EBIT and strong free cash flow improvement for the full year of 2024. Net sales for the Group amounted to EUR 1,344.8 million, with stable sales in Learning and slight declines in Media Finland. Operational EBIT excl. PPA improved to EUR 180.0 million, and free cash flow increased to EUR 145.3 million.

In the fourth quarter of 2024, Sanoma Corporation’s net sales were EUR 241.5 million, with stable Learning sales and declines in Media Finland due to lower advertising sales. Operational EBIT excl. PPA was relatively stable at EUR -27.3 million. EPS was EUR -0.26, and the company announced a share repurchase program.

Looking ahead to 2025, Sanoma expects reported net sales of EUR 1.28‒1.33 billion and operational EBIT excl. PPA of EUR 170−190 million. The outlook is based on stable demand for learning content and the advertising market in Finland. President and CEO Rob Kolkman highlighted progress in profitability and digital offerings in both Learning and Media divisions. In 2024, Media Finland focused on customer-centric digital propositions like Ilta-Sanomat Extra and +Kaikki. AI initiatives were prioritized, with tools like news summaries and weather reports. Learning saw net sales decrease due to contract changes, but growth in Poland and the Netherlands offset losses in Spain. Program Solar reached 80% completion, leading to lower costs and investments and promising long-term profitability. Digital subscriptions and advertising in Media Finland grew, with operational efficiency improvements increasing profitability. Net debt decreased, and a dividend increase was proposed. Sustainability targets were met, and the 2025 outlook predicts stable profitability and modest growth. Future plans include curriculum renewals and M&A in learning services. Employees were thanked for their contributions, and a successful 2025 is anticipated. Key financial indicators for Q4 2024 showed a 5% decrease in net sales, a 16% decrease in operational EBITDA, and a 1% increase in operational EBIT compared to Q4 2023. Sanoma Corporation reported a 10% increase in results for the period, with a 38% increase in free cash flow. The proposed dividend for 2024 is EUR 0.39 per share, to be paid in three equal installments. Sanoma aims to pay 40-60% of annual free cash flow as dividends, reflecting a commitment to shareholders.

An analyst and investor conference with Sanoma’s President, CEO, and CFO will be held today at 11:00 EET, discussing the company’s financial performance and future plans. The conference will include a live webcast and a Q&A session for participants. Sanoma’s net sales in 2024 were approximately 1.3 billion euros, with an operational EBIT margin of 13.4%.

Sanoma is an innovative learning and media company committed to sustainability and the UN Sustainable Development Goals. Their learning products and services aim to develop the talents of every child, while their media offerings provide independent journalism and entertainment. With close to 5,000 employees and operations across Europe, Sanoma continues to grow its business and offer tailored marketing solutions.



Read more at GlobeNewswire:: Sanoma Corporation, Full-Year 2024 Result: Increased