Q1 2025 Sanoma Oyj Earnings Call Transcript
Key Points
- Sanoma Oyj (FRA:SNQB) reported improved performance in Q1 2025, driven by growth in the learning segment, particularly in the Netherlands and Poland.
- Operational EBIT improved due to increased net sales and enhanced cost efficiency.
- Free cash flow showed year-on-year improvement, supported by strong performance and better working capital management.
- The company continued to deleverage its balance sheet, reducing net debt and improving the equity ratio.
- Digital platform sales in Poland contributed to growth, with increased direct sales to parents and students.
- Q1 is a seasonally small and loss-making quarter for Sanoma Oyj (FRA:SNQB), impacting overall financial performance.
- Advertising sales in Media Finland decreased, particularly in TV, print, and radio, affecting operational EBIT.
- The Finnish macroeconomic environment remains soft, with no signs of improvement, impacting market sentiment.
- The advertising market is expected to remain soft in Q2, with limited visibility and uncertainty.
- Sales in regions like Sweden were weak due to phasing issues, affecting overall learning segment performance.
Good afternoon everyone and welcome to Sanoma's Q1 2025 results presentation. My name is Kaisa Uurasmaa. I'm heading investor relations and sustainability at Sanoma.
Q1 is always a seasonally small quarter for Sanoma, but our performance improved, driven by learning, and today we have, as usual, President and CEO Rob Kolkman and CFO Alex Green telling you more about the results.
After the presentation, we will have a Q&A session. We will first take questions from the audience here at Sanoma House. Please wait for the microphone.
We will then hand over to the telephone line, or then you can also use the chat function in the webcast platform.
After this event, a recording of the of the presentation, including the Q&A will be available on our website.
With this, I would like to invite Rob on stage, please.
Thank you, Kaisa, and
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