Seeking a new direction with an efficiency program
Sanoma’s normally stable and predictable earnings development has weakened especially as a result of cost inflation and contraction in advertising. With a substantial efficiency improvement program in the Learning business, we expect the segment’s profitability to increase clearly in the coming years, which, together with the gradually recovering Media business result, will boost earnings growth to a good level in the coming years. We believe the expected return consisting of this and the highish dividend yield in the coming years turns the risk/reward ratio attractive.
Sanoma
Sanoma is a media group. The group publishes several newspapers and operates several TV channels and radio stations. In addition to the main activities, online services and training platforms are offered within the work area. Sanoma operates mainly in the European market. The company was originally founded in 1889 and is headquartered in Helsinki.
Read more on company pageKey Estimate Figures02.05
2023 | 24e | 25e | |
---|---|---|---|
Omsætning | 1.392,9 | 1.330,0 | 1.346,2 |
vækst-% | 7,28 % | -4,51 % | 1,22 % |
EBIT (adj.) | 133,8 | 133,5 | 150,9 |
EBIT-% (adj.) | 9,61 % | 10,04 % | 11,21 % |
EPS (adj.) | 0,39 | 0,41 | 0,53 |
Udbytte | 0,37 | 0,37 | 0,39 |
Udbytte % | 5,32 % | 5,30 % | 5,59 % |
P/E (adj.) | 17,67 | 17,21 | 13,25 |
EV/EBITDA | 6,71 | 6,10 | 5,25 |