SANOMANasdaq HelsinkiEducation & Training ServicesIFRS · EUR

Sanoma Oyj

Sanoma is a dynamic company operating in the learning and media sectors, impacting millions of lives daily. It focuses on providing educational materials and media content across various platforms. The company is committed to sustainable long-term growth, with strategic initiatives in digital transformation and value-creating acquisitions. Sanoma operates primarily in Finland and several European countries, offering diverse learning solutions and media services.

Revenue1,303m EUR
−3.1 %y/y
Operating profit (EBIT)48.6m EUR
−40.6 %y/y
EBIT margin3.7%
−2.4 ppy/y
Net income19.9m EUR
−51.0 %y/y
Free cash flow175m EUR
+11.6 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

05001,0001,500m EUR2021: 1,252 m EUR2021: EBIT 142 m EUR20212022: 1,298 m EUR2022: EBIT 112 m EUR20222023: 1,393 m EUR2023: EBIT 52 m EUR20232024: 1,345 m EUR2024: EBIT 82 m EUR20242025: 1,303 m EUR2025: EBIT 49 m EUR2025TTM 2026: 1,297 m EURTTM 2026: EBIT 50 m EURTTM1,29750
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Learning Solutions55 %

Includes educational materials and digital platforms for schools.

Media Finland45 %

Comprises print, digital, and broadcast media content and services.

Customers

Sanoma serves a diverse customer base, primarily focusing on educational institutions and media consumers. Schools and educational bodies purchase learning materials and digital platforms to enhance educational outcomes. Media consumers, including individuals and businesses, engage with Sanoma's wide range of media content across print, digital, and broadcast channels. Advertisers also form a significant customer segment, leveraging Sanoma's platforms for reaching target audiences. The company's strategic focus on digital transformation attracts tech-savvy consumers and institutions seeking innovative solutions.

Educational Institutions

Purchase learning materials and platforms for curriculum enhancement.

Media Consumers

Engage with content across various media channels for information and entertainment.

Advertisers

Use media platforms for targeted advertising to reach specific audiences.

Strategy

Sanoma's strategic priorities focus on sustainable long-term growth through digital transformation and strategic acquisitions. The company aims to enhance profitability and cash flow by improving operational efficiency and expanding its digital offerings. Sanoma is also investing in educational reforms in key markets like Spain and Poland, which are expected to drive organic growth. The company's strategy includes maintaining a strong balance sheet and offering increasing dividends to shareholders, supported by robust free cash flow.

Digital TransformationMedium term

To enhance media and learning offerings.

Educational ReformsLong term

To drive organic growth in key markets.

Strategic AcquisitionsShort term

To expand learning services.

Geography

Sanoma operates primarily in Finland, with significant presence in other European countries such as the Netherlands, Poland, Spain, Italy, and Belgium. The company's geographic diversity allows it to leverage various market dynamics and educational reforms, particularly in countries like Spain and Poland. Sanoma's operations are strategically positioned to capitalize on regional educational reforms and media consumption trends. This geographic spread also helps mitigate risks associated with economic fluctuations in any single market.

Risks

Sanoma faces several risks, including the impact of digital transformation on traditional media, geopolitical uncertainties, and changes in educational policies. The shift from print to digital media poses challenges in maintaining advertising revenue. Geopolitical tensions and economic fluctuations in Europe can affect operations and financial performance. Additionally, reliance on educational reforms in specific countries introduces regulatory risks. The company also faces operational risks related to the integration of acquisitions and maintaining competitive advantage in a rapidly evolving market.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Digital Media Transition1Educational Policy Changes2Geopolitical Uncertainty3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Digital Media TransitionImpact: HighLikelihood: High

    Shift from print to digital affects revenue.

  2. Educational Policy ChangesImpact: HighLikelihood: Medium

    Relies on reforms in key markets.

  3. Geopolitical UncertaintyImpact: MediumLikelihood: Medium

    Affects operations and financial performance in Europe.

Accounting

Judgemental items
Revenue Recognition

Impacts timing and recording of revenue, especially for subscriptions.

Impact: Material on quarterly results

Goodwill Impairment

Affects financial statements post-acquisition.

Impact: Potential write-downs

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026