Q3 2025 Sanoma Oyj Earnings Call Transcript
Key Points
- Sanoma Oyj (FRA:SNQB) reported solid quarterly results with improved operational EBIT for the first nine months.
- The company achieved growth in learning content sales, particularly in the Netherlands, which offset the impact of discontinuing low-value distribution contracts.
- Free cash flow improved due to higher earnings and lower financing costs, contributing to successful deleveraging.
- Sanoma Oyj (FRA:SNQB) formed a partnership with Cambridge to enhance English language education in Spanish schools, indicating future growth potential.
- The company reported good growth in digital subscriptions in Media Finland, driven by attractive entertainment and sports content.
- Sanoma Oyj (FRA:SNQB) faced lower advertising sales in Media Finland, impacting overall revenue.
- The company decided not to participate in multi-year low-value distribution tenders in the Dutch market, leading to a EUR40 million reduction in revenue for 2026.
- An impairment of EUR48 million was recorded due to the decision to exit the Dutch distribution market.
- The closure of the Tamra printing plant in Media Finland resulted in a EUR30 million impairment and restructuring expenses.
- Uncertainty remains in the advertising market, particularly in Finland, which could affect future earnings.
Good afternoon everyone and welcome to Sanoma's third quarter results presentation. My name is Kaisa Uurasamaa. I'm heading investor relations and sustainability at Sanoma.
We had a solid quarter and it supported our improved operational EBIT for the beginning of the year and today President and CEO Rob Kolkman and CFO Alex Green will present you 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 use the microphone.
We will then hand over to the telephone line, and you can also use the chat function in the webcast platform.
The full event, including the Q&A, will be recorded, and the recording will be available on our website shortly after the event.
With this, I would like to invite Rob on stage, please.
Thank you very much, guys.
And good afternoon, everybody. It's my
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