contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    pageUrl
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
  ... on Webcast {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


sanoma-q425-preview-guidance-for-the-current-year-sets-the-direction

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Co. Head of Research

Petri Gostowski

Sanoma is an innovative and agile learning and media company with two business segments: Learning and Media Finland. Learning's educational products and services reach 25 million students in K-12 education in 12 European countries. Media Finland has Finland's leading multichannel media offering (digital and print newspapers, magazines, TV and streaming services, and radio and audio services), through which it reaches 97% of Finns every week, enabling effective marketing solutions for corporate clients. The company's operations have a positive impact on the lives of millions of people every day.

Reviews by CEO Rob Kolkman and Sanoma Media Finland CEO Pia Kalsta from yesterday’s Annual General Meeting

Here is Juho Toratti’s analysis of Sanoma following Q1   Sanoma started the year 2024 strongly. High expectations have been placed on the current year, as curriculum reforms in Learning’s largest market areas are estimated to accelerate Sanoma’s growth. In the first quarter, the company delivered revenue slightly better than the consensus forecast compiled by LSEG Workspace, thanks to the learning business and especially its main markets in the Netherlands, Spain, and Poland. Growth expectations have been focused particularly on Spain and Poland, so the success in the first quarter in these markets builds confidence that growth will only accelerate during the seasonally stronger second and third quarters.                    Sijoittaja.fi – 7 May 26              Analyysi: Sanoma etenee ohjeistuksen mukaisesti - markkinoiden odotukset ovat...    Sanoma etenee ohjeistuksensa mukaisesti, mutta markkinoiden korkealle nousseet odotukset luovat painetta onnistumisille. Lue analyysi!

I was looking at Sanoma’s target prices after the Q1 results. With a quick glance, I found the ones listed below. Other brokerage firms have likely updated their target prices as well. In any case, everyone seems to agree that the outlook is good! Inderes 11.50 Op 11.70 Danske 14.0

That Petri is a brisk fellow - here is the company report as well  Sanoma’s Q1 development was largely in line with expectations, although the profitability improvement in Media Finland was a positive surprise. We have not made major changes to our forecasts, but we incorporated a recent small acquisition. We expect significant earnings growth from Sanoma this year thanks to market growth in the learning business, and the medium-term earnings growth outlook is also good. Quoted from the report: Earnings growth to continue in the coming years We have not made material changes to the longer-term forecasts, but they rose slightly supported by the acquisition. We expect Sanoma’s net sales to grow in both segments in 2027 supported by market growth, which will also flow efficiently into earnings growth. Overall, our average adjusted EBIT growth forecast for 2026-2028 is at a good level of 7% and in line with the high single-digit earnings growth targeted by the company.                   Inderes              Sanoma Q1'26: Tuloskasvunäkymä ei näy hinnassa - Inderes    Sanoman Q1-kehitys vastasi pitkälti odotettua, vaikkakin Media Finlandin kannattavuusparannus oli positiivinen yllätys.

Petri interviewed Sanoma’s Rob Kolkman regarding Q1    Topics: 00:00 Introduction  00:09 Q1 Highlights  02:06 Profitability improved in Media Finland  03:14 Advertising market remains weak  04:29 Vicens Vives acquisition  05:32 Synergies in acquisitions  06:38 Acquisition philosophy  07:56 The Spanish market is not concentrated

And here are Petri’s quick comments on the Q1 result  Sanoma released its Q1 results this morning, which were slightly better than expected in terms of profitability during the seasonally loss-making first quarter. The company reiterated its guidance for the current year, so we do not anticipate significant upward pressure on our forecasts or the consensus estimates, which are at the midpoint of the guidance range, with the exception of the recent acquisition. Sanoma’s Q1 earnings call starting at 15:00 can be followed via this link.                   Inderes – 7 May 26              Sanoma Q1’26 -pikakommentti: Lievä ennusteiden ylitys Media Finlandin...    Sanoma julkisti aamulla Q1-tuloksensa, joka oli kannattavuuden osalta hieman odotettua parempi kausiluonteisesti liiketappiolle painuvalla ensimmäisellä neljänneksellä.

Here are Pete’s pre-match thoughts as Sanoma prepares to release its Q1 report on Thursday.  We forecast the company’s revenue and operational result to be at the same level as the comparison period. The company has guided for operational profit growth for the current year, and with forecasts sitting at the midpoint of the guidance range, expectations are in line with the guidance.                   Inderes – 4 May 26              Sanoma Q1’26 -ennakko: Odotukset ovat vertailukauden tasolla vuositason...    Sanoma julkistaa Q1-raporttinsa torstaina noin klo 08.30. Ennustamme yhtiön liikevaihdon sekä operatiivisen tuloksen asettuneen vertailukauden tasolle.

Sanoma

In connection with the earnings report, the main focus will be on guidance for the current year, which should support forecasts predicting robust earnings growth.

<p><em><strong>Translation: Original published in Finnish on 2/9/2026 at 8:13 am EET.</strong></em></p> <div class="table-wrapper"><table> <tbody> <tr> <td>Estimates</td> <td> </td> <td>Q4'24</td> <td>Q4'25</td> <td>Q4'25e</td> <td>Q4'25e</td> <td colspan="3">Consensus</td> <td>2025e</td> </tr> <tr> <td>MEUR/EUR</td> <td> </td> <td>Comparison</td> <td>Realized</td> <td>Inderes</td> <td>Consensus</td> <td>High</td> <td> </td> <td>Low</td> <td>Inderes</td> </tr> <tr> <td>Revenue</td> <td> </td> <td align="right">241</td> <td> </td> <td align="right">227</td> <td align="right">233</td> <td align="right">231</td> <td>-</td> <td align="right">235</td> <td align="right">1304</td> </tr> <tr> <td>EBIT (adj.)</td> <td> </td> <td align="right">-27</td> <td> </td> <td align="right">-28</td> <td align="right">-27</td> <td align="right">-29</td> <td>-</td> <td align="right">-25</td> <td align="right">188</td> </tr> <tr> <td>EBIT</td> <td> </td> <td align="right">-47</td> <td> </td> <td align="right">-39...</td></tr></tbody></table></div>

	2024	25e	26e
Revenue	1,344.7	1,304.2	1,302.6
growth-%	-3.5 %	-3.0 %	-0.1 %
EBIT (adj.)	180.0	188.0	179.5
EBIT-% (adj.)	13.4 %	14.4 %	13.8 %
EPS (adj.)	0.74	0.77	0.76
Dividend	0.39	0.42	0.43
Dividend %	5.1 %	4.6 %	4.7 %
P/E (adj.)	10.4	11.9	12.1
EV/EBITDA	6.0	6.3	6.0

Sanoma Q4'25 preview: Guidance for the current year sets the direction

Key Estimate Figures06/02

Forum discussions