• Most Popular
  • Most Shared

Finland's SanomaWSOY Q4 profits miss forecasts

Thu Feb 7, 2008 5:01am EST

HELSINKI, Feb 7 (Reuters) - Top Nordic media house SanomaWSOY SWS1V.HE reported lower-than-expected fourth quarter profits, hit by weak performances in its newspaper unit and books and education division.

The company's operating profit in October through December declined to 68.3 million euros ($100 million) from 73.9 million a year earlier, the company said on Thursday, missing the average forecast of 82 million in a Reuters poll of 10 analysts.

SanomaWSOY, whose operations range from running cinemas to book and magazine publishing, said it expects 2008 net sales to grow in line with 2007 growth of about 6.7 percent, and operating profit, excluding major one-off capital gains, to improve. (Reporting by Helsinki newsroom; Editing by David Holmes)



More from Reuters

This heart-wrenching picture of a mother and child at an an emergency feeding centre in in Tahoua, Niger, won international acclaim for incorporating beauty, horror and despair. Taken on August 1, 2005 by Finbarr O'Reilly.

Pictures of the Decade

    Pictures
    A customer is served at a counter inside a foreign exchange store displaying a poster of various banknotes including the Chinese yuan or renminbi (RMB) in Hong Kong November 20, 2009. REUTERS/Bobby Yip
    OUTLOOK 2010:

    Be careful what you wish for

    Pressure on China to loosen its grip on the yuan will continue but the U.S. should tread carefully. Here are five world market issues to watch.  Full Article 

    Global Markets
    Aurora, a 20-year-old Beluga whale, swims with her newborn calf after giving birth at the Vancouver Aquarium in Vancouver, British Columbia June 7, 2009. REUTERS/Andy Clark

    365 days for the doomed

    From polar bears to emperor penguins, endangered species will get top online billing in 2010 during the Year of Biodiversity.  Full Article 

    Green Business