Analyst Research

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Provider: Reuters Investment Profile
Provider: Directors Deals Ltd.
Provider: MarketLine (a Datamonitor Company)
Provider: Wright Reports

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Sanoma Oyj Lowers FY 2013 Financial Guidance

Tuesday, 23 Jul 2013 06:00am EDT 

Sanoma Oyj announced that advertising markets in Sanoma‚Äôs main operating countries are estimated to be more depressed than previously expected. Therefore Sanoma was forced to revise its financial outlook and in the fiscal year 2013 the Company expects that its consolidated net sales will decline more than 4% compared to 2012 and operating profit excluding non-recurring items will be below EUR 180 million. Previously the Company expected consolidated net sales decline of between 2% and 4% in the fiscal year 2013, and operating profit excluding non-recurring items of between EUR 180 million and EUR 205 million for the period. For the fiscal year 2012 the Company reported revenue of EUR 2,376.30 million. According to I/B/E/S Estimates analysts on average are expecting Sanoma to report revenue of EUR 2,283.44 million for the fiscal year 2013. 

Company Quote

-0.08 -1.80%
24 Oct 2014