Analyst Comment
Sanoma Q4'25 preview: Guidance for the current year sets the direction
Translation: Original published in Finnish on 2/9/2026 at 8:13 am EET.
| Estimates | Q4'24 | Q4'25 | Q4'25e | Q4'25e | Consensus | 2025e | |||
| MEUR/EUR | Comparison | Realized | Inderes | Consensus | High | Low | Inderes | ||
| Revenue | 241 | 227 | 233 | 231 | - | 235 | 1304 | ||
| EBIT (adj.) | -27 | -28 | -27 | -29 | - | -25 | 188 | ||
| EBIT | -47 | -39... | |||||||
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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.
Read more on company pageKey Estimate Figures06.02.
| 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 |
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