That Petri is a brisk fellow - here is the company report as well ![]()
Sanoma’s Q1 development was largely in line with expectations, although the profitability improvement in Media Finland was a positive surprise. We have not made major changes to our forecasts, but we incorporated a recent small acquisition. We expect significant earnings growth from Sanoma this year thanks to market growth in the learning business, and the medium-term earnings growth outlook is also good.
Quoted from the report:
Earnings growth to continue in the coming years
We have not made material changes to the longer-term forecasts, but they rose slightly supported by the acquisition. We expect Sanoma’s net sales to grow in both segments in 2027 supported by market growth, which will also flow efficiently into earnings growth. Overall, our average adjusted EBIT growth forecast for 2026-2028 is at a good level of 7% and in line with the high single-digit earnings growth targeted by the company.