March 24, 2020 / 3:08 PM / in 8 days

BRIEF-Sanoma Temporarily Withdraws Outlook For 2020

March 24 (Reuters) - Sanoma Oyj:

* TEMPORARILY WITHDRAWS ITS OUTLOOK FOR 2020 AND INDICATES SIGNIFICANT IMPACT ON ITS BUSINESS DUE TO CORONA VIRUS OUTBREAK

* EXPECTS TO GIVE AN UPDATED OUTLOOK FOR 2020 LATER DURING YEAR

* NET SALES AND PROFITABILITY HAVE DEVELOPED ACCORDING TO EXPECTATIONS DURING FIRST MONTHS OF YEAR

* LONG-TERM FINANCIAL TARGETS REMAIN UNCHANGED

* REMAINS COMMITTED TO ITS DIVIDEND POLICY Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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