Finland's Sanoma Q3 adjusted operating profit up 10%

Overview

• Finland learning and media firm's Q3 revenue stable year-over-year

• Q3 adjusted operating profit rose 10% year-over-year, driven by Learning segment growth

• Company narrowed 2026 earnings outlook to higher end of previous range

Outlook

• Sanoma expects 2026 net sales of EUR 1.30–1.32 bln

• Company sees 2026 adjusted operating profit at EUR 215–225 mln

• Company narrows 2026 outlook to higher end of previous range

Result Drivers

• LEARNING CONTENT SALES - Higher learning content and digital platform sales, especially in Poland and Spain, drove earnings growth

• COST EFFICIENCY - Improved operational efficiency contributed to higher adjusted operating profit

• EVENTS BUSINESS - Record ticket sales and successful concerts boosted Media Finland's profitability

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the consumer publishing peer group is "buy."

• Wall Street's median 12-month price target for Sanoma Oyj is €12.45, about 17.9% above its October 27 closing price of €10.56

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads

• Oct 27 - Finland's TietoEVRY Q3 revenue falls on soft demand

• Oct 27 - Finland's Digia Q3 EBIT rises on operational efficiency despite flat revenue

• Oct 27 - Tyre maker Nokian lifts margin forecast after narrow earnings beat

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)