Income Statement

Sanoma's revenue growth in the last quarter was driven by a combination of factors, including the acquisition of Vicens Vives, which contributed positively to net sales. However, the company's organic net sales development was relatively stable, with growth in learning content sales in the Netherlands and digital platform sales in Poland offset by significant phasing to the third quarter in Spain and Italy. Sanoma's Learning business saw an increase in net sales, driven by demand for learning content, while the Media Finland segment experienced a decline in net sales due to decreased advertising and fewer events. The company's revenue development is expected to continue in the second half of the year, with the third quarter being a decisive period for the Learning business. Overall, Sanoma's revenue growth is influenced by the seasonal fluctuations in both the Learning and Media Finland segments, with the company's organic net sales development being a key indicator of its performance.

The realised revenue for Q2 2026 is 334.7 million Euros, while the predicted revenue for Q2 2027 (e) is 334.4 million Euros. The revenue is expected to decrease by 0.3 million Euros, which translates to a 0.09% decrease. The revenue is expected to increase by 2.8 million Euros from 2025 to 2026, which is a 0.22% change. From 2026 to 2027, the revenue is expected to decrease by 5.0 million Euros, which is a -0.39% change. The annual revenue values are 1302.5 million Euros in 2025, 1304.3 million Euros in 2026, and 1299.3 million Euros in 2027.

Sanoma's EBIT profitability has demonstrated a notable improvement, driven by the company's strategic efforts to enhance operational efficiency and optimize its cost structure. The underlying business performance has shown significant resilience, with various segments contributing to the overall profitability. However, the seasonality of the learning business remains a key factor influencing EBIT profitability, with the second and third quarters typically generating the majority of earnings. Sanoma's ability to manage its costs and investments effectively has also played a crucial role in driving EBIT profitability, particularly in the context of its significant investments in the learning segment. Overall, Sanoma's EBIT profitability is expected to continue its upward trajectory, underpinned by the company's strategic focus on operational excellence and its commitment to delivering long-term value to its stakeholders.

The realised Ebit for Q2 2026 is 48.1 million Euros, while the predicted Ebit for Q2 2027 (e) is 40.8 million Euros. The expected change in Ebit from Q2 2026 to Q2 2027 (e) is a decrease of 7.3 million Euros, which represents a decline of approximately 15.1% compared to the previous year. The expected change in Ebit from 2025 to 2026 is 23.6 million Euros, representing a 49% increase. From 2026 to 2027, the expected change is 5.1 million Euros, a 7% increase. The annual Ebit values are 48.8 million Euros in 2025, 72.4 million Euros in 2026, and 77.5 million Euros in 2027.

The realised profit before tax for Q2 2026 is 41.8 million Euros, and the predicted profit before tax for Q2 2027 (e) is 40.8 million Euros. The expected change in profit before tax from Q2 2026 to Q2 2027 (e) is a decrease of 1 million Euros, which is a 2.4% decrease. The change in Profit before tax from 2025 to 2026 is 36.9 million Euros, representing a 152.1% increase. From 2026 to 2027, the change is 16.4 million Euros, a 26.8% increase. The annual Profit before tax values are 24.2 million Euros in 2025, 61.1 million Euros in 2026, and 77.5 million Euros in 2027.

The realised profit for Q2 2026 is 32.5 million Euros, and the predicted profit for Q2 2027 (e) is 32.6 million Euros. The expected change in profit from Q2 2026 to Q2 2027 (e) is 0.1 million Euros, which represents a 0.31% increase. The profit is expected to increase by 31.0 million Euros from 2025 to 2026, representing a 156.3% change. From 2026 to 2027, the profit is predicted to increase by 12.1 million Euros, a 24.2% change. The annual profit values are 19.9 million Euros in 2025, 50.9 million Euros in 2026, and 62.0 million Euros in 2027.