Sanoma Corporation, Stock Exchange Release, 27 September 2012 at 13:00 CET+1
Sanoma renews its operative reporting from the third quarter of 2012. The change is in line with Sanoma’s strategy to focus on consumer media and learning. The continuing operations of the Group hereafter include three reportable segments: Media, News and Learning.
As a result, the Trade segment is no longer a reportable segment. Trade’s remaining operation will hereafter be reported in the line item ‘Other companies and eliminations’.
In addition, Aldipress from the Media segment’s ‘Other businesses’ and all remaining ‘Other businesses’ from the Learning segment, mainly consisting of AAC Global and Bookwell, will be hereafter reported in the line item ‘Other companies and eliminations’.
The line item ‘Other companies and eliminations’ hereafter includes non-core operations, head office functions, real estate companies and Group eliminations.
Segment information, net sales by business unit, operating profit by segment and operating profit excluding non-recurring items by segment for 2011 and first half of 2012 have been changed accordingly. The revised segment figures can be found also on Sanoma's website at www.sanoma.com/archive/files.
SEGMENT INFORMATION
Segment assets do not include cash and cash equivalents, interest-bearing receivables and tax receivables. Transactions between segments are based on market prices.
Sanoma segments 1.1–30.6.2012 | |||||
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| Other |
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| companies/ |
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| Lear- | elimi- | Continuing |
EUR million | Media | News | ning | nations | operations |
External net sales | 741.3 | 216.3 | 148.7 | 83.2 | 1,189.5 |
Internal net sales | 1.3 | 0.6 | 0.8 | -2.2 | 0.5 |
NET SALES, TOTAL | 742.7 | 216.8 | 149.5 | 81.0 | 1,190.1 |
OPERATING PROFIT | 78.8 | 14.0 | 36.2 | -14.6 | 114.4 |
Share of results in |
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associated companies | -20.7 | 0.3 | -0.1 | 0.8 | -19.8 |
Financial income |
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| 11.9 | 11.9 |
Financial expenses |
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| 39.8 | 39.8 | |
RESULT BEFORE TAXES |
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| 66.7 | |
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SEGMENT ASSETS | 2,802.9 | 318.3 | 604.1 | 189.8 | 3,915.1 |
Sanoma segments 1.1–31.3.2012 | |||||
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| Other |
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| Lear- | elimi- | Continuing |
EUR million | Media | News | ning | nations | operations |
External net sales | 353.4 | 109.6 | 37.7 | 42.5 | 543.1 |
Internal net sales | 0.7 | 0.5 | 0.7 | -1.4 | 0.4 |
NET SALES, TOTAL | 354.1 | 110.0 | 38.4 | 41.1 | 543.6 |
OPERATING PROFIT | 26.9 | 8.9 | -14.9 | -5.0 | 15.9 |
Share of results in |
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associated companies | -17.2 | 0.1 | -0.1 | 0.8 | -16.4 |
Financial income |
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| 7.0 | 7.0 |
Financial expenses |
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| 20.7 | 20.7 | |
RESULT BEFORE TAXES |
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| -14.1 | |
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SEGMENT ASSETS | 2,800.8 | 326.5 | 519.3 | 209.6 | 3,856.2 |
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Sanoma segments 1.1–31.12.2011 | |||||
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| Other |
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| companies/ |
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| Lear- | elimi- | Continuing |
EUR million | Media | News | ning | nations | operations |
External net sales | 1,365.5 | 434.1 | 279.6 | 297.6 | 2,376.8 |
Internal net sales | 3.7 | 1.7 | 11.0 | -15.2 | 1.2 |
NET SALES, TOTAL | 1,369.2 | 435.8 | 290.6 | 282.4 | 2,378.1 |
OPERATING PROFIT | 90.4 | 40.2 | 43.9 | -1.9 | 172.6 |
Share of results in |
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associated companies | -2.5 | 0.6 | 0.4 | -2.2 | -3.7 |
Financial income |
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| 13.9 | 13.9 |
Financial expenses |
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| 46.6 | 46.6 | |
RESULT BEFORE TAXES |
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| 136.3 | |
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SEGMENT ASSETS | 3,020.7 | 320.7 | 516.0 | 189.5 | 4,046.8 |
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Sanoma segments 1.1–30.9.2012 | |||||
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| Other |
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| Lear- | elimi- | Continuing |
EUR million | Media | News | ning | nations | operations |
External net sales | 930.5 | 322.6 | 241.6 | 254.9 | 1,749.6 |
Internal net sales | 2.9 | 1.2 | 9.9 | -13.4 | 0.6 |
NET SALES, TOTAL | 933.4 | 323.8 | 251.4 | 241.6 | 1,750.2 |
OPERATING PROFIT | 37.4 | 35.3 | 66.9 | -12.9 | 126.7 |
Share of results in |
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associated companies | -1.0 | 0.7 | -0.1 | -1.1 | -1.5 |
Financial income |
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| 4.6 | 4.6 |
Financial expenses |
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| 24.3 | 24.3 | |
RESULT BEFORE TAXES |
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| 105.5 | |
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SEGMENT ASSETS | 3,022.0 | 319.8 | 504.9 | 194.6 | 4,041.2 |
Sanoma segments 1.1–30.6.2011 | |||||
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| Other |
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| Lear- | elimi- | Continuing |
EUR million | Media | News | ning | nations | operations |
External net sales | 589.3 | 219.5 | 135.4 | 178.2 | 1,122.3 |
Internal net sales | 2.0 | 1.1 | 5.7 | -8.3 | 0.5 |
NET SALES, TOTAL | 591.2 | 220.6 | 141.1 | 169.9 | 1,122.8 |
OPERATING PROFIT | 69.3 | 22.8 | 24.3 | 27.5 | 143.9 |
Share of results in |
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associated companies | 2.6 | 0.5 | 0.0 | -1.3 | 1.8 |
Financial income |
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| 3.6 | 3.6 |
Financial expenses |
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| 11.3 | 11.3 | |
RESULT BEFORE TAXES |
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| 138.0 | |
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SEGMENT ASSETS | 1,795.1 | 318.7 | 561.9 | 294.3 | 2,970.1 |
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Sanoma segments 1.1–31.3.2011 | |||||
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| Other |
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| Lear- | elimi- | Continuing |
EUR million | Media | News | ning | nations | operations |
External net sales | 279.0 | 107.7 | 40.9 | 102.4 | 530.0 |
Internal net sales | 1.0 | 0.6 | 3.1 | -4.6 | 0.2 |
NET SALES, TOTAL | 280.0 | 108.4 | 44.0 | 97.8 | 530.2 |
OPERATING PROFIT | 22.8 | 12.9 | -5.1 | -3.3 | 27.2 |
Share of results in |
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associated companies | 1.7 | 0.0 | 0.0 | 0.2 | 1.9 |
Financial income |
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| 2.3 | 2.3 |
Financial expenses |
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| 4.7 | 4.7 | |
RESULT BEFORE TAXES |
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| 26.7 | |
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SEGMENT ASSETS | 1,772.2 | 320.8 | 529.3 | 375.7 | 2,997.9 |
NET SALES BY BUSINESS UNIT | |||||||
EUR million | 1–3/ | 4–6/ | 1–3/ | 4–6/ | 7–9/ | 10–12/ | 1–12/ |
| 2012 | 2012 | 2011 | 2011 | 2011 | 2011 | 2011 |
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MEDIA |
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The Netherlands | 171.6 | 208.1 | 105.3 | 130.6 | 174.0 | 232.2 | 642.0 |
Finland | 77.4 | 76.7 | 74.2 | 79.4 | 70.0 | 86.2 | 309.7 |
Russia & CEE | 49.0 | 50.1 | 51.4 | 54.3 | 50.8 | 56.7 | 213.1 |
Belgium | 56.8 | 54.6 | 50.1 | 48.7 | 48.4 | 61.9 | 209.1 |
Other businesses and eliminations | -0.7 | -0.8 | -0.9 | -1.8 | -0.9 | -1.2 | -4.8 |
TOTAL | 354.1 | 388.6 | 280.0 | 311.2 | 342.2 | 435.8 | 1,369.2 |
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NEWS |
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Helsingin Sanomat | 59.3 | 56.2 | 61.2 | 61.2 | 55.3 | 60.8 | 238.5 |
Ilta-Sanomat | 21.2 | 22.0 | 19.1 | 22.2 | 21.6 | 21.6 | 84.4 |
Other publishing | 25.2 | 24.3 | 23.7 | 25.0 | 22.9 | 25.4 | 97.0 |
Other businesses and eliminations | 4.3 | 4.3 | 4.4 | 3.9 | 3.4 | 4.2 | 15.9 |
TOTAL | 110.0 | 106.8 | 108.4 | 112.2 | 103.2 | 112.0 | 435.8 |
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LEARNING |
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Learning | 34.2 | 109.3 | 34.3 | 87.4 | 100.2 | 34.7 | 256.6 |
Other businesses | 4.6 | 1.8 | 10.1 | 10.2 | 10.8 | 5.0 | 36.1 |
Eliminations | -0.4 | 0.0 | -0.4 | -0.6 | -0.6 | -0.4 | -2.1 |
TOTAL | 38.4 | 111.1 | 44.0 | 97.0 | 110.4 | 39.2 | 290.6 |
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Other companies and eliminations | 41.1 | 40.0 | 97.8 | 72.1 | 71.6 | 40.9 | 282.4 |
CONTINUING OPERATIONS | 543.6 | 646.5 | 530.2 | 592.6 | 627.4 | 627.9 | 2,378.1 |
OPERATING PROFIT BY SEGMENT | |||||||
EUR million | 1–3/ | 4–6/ | 1–3/ | 4–6/ | 7–9/ | 10–12/ | 1–12/ |
| 2012 | 2012 | 2011 | 2011 | 2011 | 2011 | 2011 |
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Media | 26.9 | 51.9 | 22.8 | 46.6 | -31.9 | 53.0 | 90.4 |
News | 8.9 | 5.1 | 12.9 | 9.9 | 12.5 | 4.9 | 40.2 |
Learning | -14.9 | 51.1 | -5.1 | 29.4 | 42.6 | -23.0 | 43.9 |
Other companies and eliminations | -5.0 | -9.6 | -3.3 | 30.8 | -40.4 | 11.0 | -1.9 |
CONTINUING OPERATIONS | 15.9 | 98.5 | 27.2 | 116.7 | -17.2 | 46.0 | 172.6 |
OPERATING PROFIT EXCLUDING NON-RECURRING ITEMS BY SEGMENT | |||||||
EUR million | 1–3/ | 4–6/ | 1–3/ | 4–6/ | 7–9/ | 10–12/ | 1–12/ |
| 2012 | 2012 | 2011 | 2011 | 2011 | 2011 | 2011 |
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Media | 26.9 | 54.5 | 22.8 | 37.5 | 24.9 | 64.4 | 149.5 |
News | 8.9 | 5.1 | 12.9 | 9.9 | 12.5 | 14.1 | 49.4 |
Learning | -14.9 | 47.0 | -6.0 | 31.1 | 42.6 | -20.0 | 47.7 |
Other companies and eliminations | -5.0 | -2.4 | -3.3 | -12.9 | -2.4 | -3.9 | -22.5 |
CONTINUING OPERATIONS | 15.9 | 104.2 | 26.3 | 65.6 | 77.6 | 54.7 | 224.1 |
Additional information
Sanoma's Investor Relations, Martti Yrjö-Koskinen, tel. +358 105 19 5064 or ir@sanoma.com
Sanoma.com
Sanoma inspires, informs and connects. Sanoma is a leading European group with a focus on consumer media and learning. We bring information, experiences, education and entertainment to millions of people every day. We employ nearly 11,000 professionals in some 20 countries. In 2011, the Group’s restated net sales totalled EUR 2.4 billion. Sanoma shares are listed on the NASDAQ OMX Helsinki.