SAJTÓKÖZLEMÉNYEK | | Sanoma's Interim Report 1 Jan-31 March 2011: Transforming Sanoma for the fu...


Sanoma: Sanoma's Interim Report 1 Jan-31 March 2011: Transforming Sanoma for the future
Külföld | 2011-05-04 | Huginonline



Net sales in the first quarter amounted to EUR 610.2 million (2010: EUR 637.9 million). Adjusted for changes in the Group structure, Sanoma's net sales were at the comparable period's level.

 
  • Operating profit excluding non-recurring items was EUR 26.4 million (2010: EUR 35.6 million). The decrease was mostly due to divestment of operations in 2010. The non-recurring items in the first quarter amounted to EUR 0.9 million (2010: EUR 4.8 million).
  • Earnings per share were EUR 0.11 (2010: EUR 0.16)
  • Cash flow from operations amounted to EUR 18.7 million (2010: EUR 38.0 million).
  • As a result of the acquisition of SBS TV assets, the Sanoma Group's net sales are expected to increase somewhat and operating profit excluding non-recurring items is expected to improve slightly in 2011.


Harri-Pekka Kaukonen, President and CEO
"Sanoma is emphasising organic growth and focused operations. Looking back at the first months of 2011, we have made significant progress in reshaping our portfolio.

Most notable was the acquisition of the Dutch and Belgium TV activities. Other important transactions involved the acquisition of learning operations in Finland and Sweden as well as the divestments of movie operations, Romanian kiosk and press distribution operations and Finnish general literature operations. These are all in line with our strategy to focus on consumer media and learning.

Adding TV to our portfolio in the Netherlands and Belgium considerably improves our positions in these countries. Along with our strong portfolio of brands, extensive content know-how in our magazine business and high-class digital operations, the SBS TV activities and the creative programming expertise from our partners are excellent building blocks for offering new services and solutions across media, both for consumers and advertisers.

By combining our media assets in new and innovative ways, we position ourselves to play a significant role in the new media market."




sanoma.doc (484 kB)






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