Sanoma will release its Q3 report on Thursday, and here are Petri’s preview comments regarding it. 
Due to the strong seasonality of the learning business, the third quarter is the most important quarter of the year for the company in terms of earnings. Q3’24 earnings forecasts are below the comparison period, reflecting the timing of curriculum reforms. Consensus estimates for the current year are at the upper end of the provided earnings guidance, so a revision of the earnings guidance range would not be surprising.