Sanoma's new segment figures for 2010
(Thomson Reuters ONE) -
Stock Exchange Release 9/3/2011 10:30
Sanoma Corporation published a new divisional structure on 4 November 2010,
which is reflected in the Company's financial segment reporting. As of 1 January
2011, Sanoma's operations are grouped into four segments: Sanoma Media, Sanoma
News, Sanoma Learning & Literature and Sanoma Trade.
The segmentation is based on business model and product differences. The media
business, based on advertising and circulation sales, is divided into two
segments: Sanoma Media, operating in 12 countries, is responsible for magazines
and TV operations and Sanoma News for newspapers in Finland. Both divisions also
have a great variety of online and mobile services. Sanoma Learning &
Literature's business is mainly B2B business. Sanoma Trade, on the other hand,
operates on a retail business model.
In the full year financial statements for 2010, figures were reported according
to the previous segment structure. The new segment structure will be implemented
in the first quarterly report to be published on 3 May 2011.
Unaudited quarterly figures for 2010 according to the new segment reporting
structure are presented in the tables below.
NET SALES BY BUSINESS
EUR million 1-3/ 4-6/ 7-9/ 10-12/ 1-12/
2010 2010 2010 2010 2010
SANOMA MEDIA
The Netherlands 107.4 128.0 118.8 136.1 490.4
Finland 92.6 91.7 67.5 87.4 339.3
The CEE countries 48.7 54.3 51.0 60.9 214.9
Belgium 53.5 52.3 48.7 53.8 208.3
Other businesses and eliminations 9.9 13.0 11.5 12.4 46.7
------------------------------------------------------------------
TOTAL 312.1 339.4 297.5 350.6 1,299.6
SANOMA NEWS
Helsingin Sanomat 59.1 56.7 55.5 64.1 235.4
Ilta-Sanomat 19.9 20.7 21.1 21.6 83.3
Other publishing 25.3 25.6 23.5 25.0 99.5
Other businesses and eliminations 5.0 5.5 4.6 4.2 19.4
------------------------------------------------------------------
TOTAL 109.4 108.5 104.8 114.9 437.6
SANOMA LEARNING & LITERATURE
Learning 29.9 85.0 100.6 33.7 249.3
Language services 6.9 6.2 5.2 8.9 27.1
Literature and other businesses 23.6 17.2 18.0 24.8 83.6
Eliminations -2.3 -2.9 -2.5 -2.2 -9.9
------------------------------------------------------------------
TOTAL 58.2 105.5 121.2 65.1 350.1
SANOMA TRADE
Kiosk operations 91.9 104.9 99.2 102.4 398.4
Trade services 30.3 33.8 32.7 34.5 131.3
Bookstores 26.0 19.9 31.6 43.2 120.6
Movie operations 25.4 19.9 20.7 23.9 90.0
Eliminations -3.4 -4.0 -3.1 -3.5 -14.0
------------------------------------------------------------------
TOTAL 170.2 174.4 181.1 200.5 726.3
Eliminations -12.0 -12.5 -14.1 -13.8 -52.4
------------------------------------------------------------------
TOTAL 637.9 715.4 690.6 717.3 2,761.2
OPERATING PROFIT BY DIVISION
EUR million 1-3/ 4-6/ 7-9/ 10-12/ 1-12/
2010 2010 2010 2010 2010
Sanoma Media 31.2 229.3 -4.2 31.6 287.9
Sanoma News 15.6 8.9 15.7 15.9 56.1
Sanoma Learning & Literature -6.4 25.1 45.5 -17.2 47.1
Sanoma Trade 3.7 2.4 6.4 3.0 15.5
Other companies and eliminations -3.7 -4.7 0.5 -6.1 -13.9
-------------------------------------------------------------
TOTAL 40.4 261.0 63.9 27.4 392.7
OPERATING PROFIT EXCLUDING NON-RECURRING ITEMS BY DIVISION
EUR million 1-3/ 4-6/ 7-9/ 10-12/ 1-12/
2010 2010 2010 2010 2010
Sanoma Media 31.2 47.3 31.0 36.3 145.8
Sanoma News 9.6 8.9 15.7 13.0 47.2
Sanoma Learning & Literature -5.2 26.4 45.7 -14.4 52.6
Sanoma Trade 3.7 2.4 7.4 5.6 19.1
Other companies and eliminations -3.7 -4.7 -4.9 -6.1 -19.3
------------------------------------------------------------
TOTAL 35.6 80.3 94.9 34.5 245.4
In 2010, Sanoma Media's non-recurring items included in the second quarter a EUR
2.6 million gain from selling 49% of the Humo magazine and a EUR 179.0 million
gain on the sale of the cable TV operator Welho, in the third quarter a EUR
28.9 million impairment of goodwill in the Dutch press distribution and a EUR
6.3 million impairment of intangible assets in the Dutch media business and in
the fourth quarter EUR 3.3 million restructuring expenses in the Netherlands and
a EUR 1.0 impairment of intangible assets in the CEE countries.
Sanoma News' non-recurring items in 2010 included in the first quarter a EUR
6.0 million gain on the sale of Lehtikuva and in the fourth quarter a EUR 2.9
million gain on the sale of Sanoma Lehtimedia's local papers.
Sanoma Learning & Literature's non-recurring items in 2010 included in the first
quarter a EUR 1.1 million loss on the sale of Bertmark Norge and in the second
quarter EUR 1.3 million, in the third quarter EUR 0.2 million and in the fourth
quarter EUR 0.8 million restructuring expenses and in the fourth quarter a EUR
2.1 million impairment of a Dutch non-core entity.
Sanoma Trade's non-recurring items in 2010 included in the third quarter EUR
1.0 million and in the fourth quarter a EUR 2.6 million loss on sale of Russian
operations.
SEGMENT INFORMATION
In addition to the Group eliminations column unallocated/eliminations includes
Sanoma Corporation and real estate companies as well as items not allocated to
segments.
Segment assets do not include cash and cash equivalents, interest-bearing
receivables and tax receivables. Transactions between segments are based on
market prices.
1.1-31.12.2010
Unallo-
Sanoma cated/
Sanoma Sanoma Learning & Sanoma Elimi- Group
EUR million Media News Literature Trade nations total
---------------------------------------------------------------------
External net sales 1,294.6 431.7 334.8 700.5 -0.5 2,761.2
Internal net sales 5.0 5.9 15.2 25.7 -51.9
NET SALES, TOTAL 1,299.6 437.6 350.1 726.3 -52.4 2,761.2
OPERATING PROFIT 287.9 56.1 47.1 15.5 -13.9 392.7
Share of results in
associated companies -24.5 0.3 0.0 0.3 -23.9
Financial income 11.1 11.1
Financial expenses 23.8 23.8
RESULT BEFORE TAXES 356.0
SEGMENT ASSETS 1,826.8 324.9 551.8 344.8 34.6 3,082.8
1.1-30.9.2010
Unallo-
Sanoma cated/
Sanoma Sanoma Learning & Sanoma Elimi- Group
EUR million Media News Literature Trade nations total
---------------------------------------------------------------------
External net sales 945.5 317.9 274.4 506.3 -0.1 2,043.8
Internal net sales 3.5 4.8 10.6 19.5 -38.5
NET SALES, TOTAL 949.0 322.7 285.0 525.8 -38.6 2,043.8
OPERATING PROFIT 256.3 40.2 64.3 12.5 -7.8 365.3
Share of results in
associated companies -0.6 0.3 0.0 0.3 0.1
Financial income 8.7 8.7
Financial expenses 17.3 17.3
RESULT BEFORE TAXES 356.8
SEGMENT ASSETS 1,830.9 326.3 596.6 349.6 32.7 3,136.0
1.1-30.6.2010
Unallo-
Sanoma cated/
Sanoma Sanoma Learning & Sanoma Elimi- Group
EUR million Media News Literature Trade nations total
---------------------------------------------------------------------
External net sales 649.1 214.4 158.0 331.8 0.1 1,353.3
Internal net sales 2.4 3.5 5.7 12.9 -24.5
NET SALES, TOTAL 651.5 217.9 163.7 344.6 -24.5 1,353.3
OPERATING PROFIT 260.5 24.5 18.7 6.1 -8.4 301.4
Share of results in
associated companies -1.1 0.1 0.0 0.3 -0.7
Financial income 4.6 4.6
Financial expenses 12.3 12.3
RESULT BEFORE TAXES 293.1
SEGMENT ASSETS 1,892.2 330.0 592.4 347.4 37.1 3,199.0
1.1-31.3.2010
Unallo-
Sanoma cated/
Sanoma Sanoma Learning & Sanoma Elimi- Group
EUR million Media News Literature Trade nations total
---------------------------------------------------------------------
External net sales 310.9 107.4 55.1 164.3 0.2 637.9
Internal net sales 1.2 2.0 3.1 5.9 -12.3
NET SALES, TOTAL 312.1 109.4 58.2 170.2 -12.0 637.9
OPERATING PROFIT 31.2 15.6 -6.4 3.7 -3.7 40.4
Share of results in
associated companies -2.5 0.1 0.0 -2.4
Financial income 2.2 2.2
Financial expenses 6.0 6.0
RESULT BEFORE TAXES 34.1
SEGMENT ASSETS 1,729.7 339.2 571.2 332.0 36.0 3,008.0
Sanoma Corporation
Kim Ignatius
Chief Financial Officer
Additional information: Sanoma's Group Communications, tel +358 105 19 5062 or
communications(at)sanoma.com
www.sanoma.com
Sanoma inspires, informs and connects. As a diversified media group, we bring
information, experiences, education and entertainment to millions of people
every day. We make sure that quality content and interesting products and
services are easily available and meet the demands of our readers, viewers and
listeners. We offer a challenging and interesting working environment for nearly
20,000 people in over 20 countries throughout Europe. In 2010, the Group's net
sales totalled EUR 2.8 billion.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Sanoma Oyj via Thomson Reuters ONE
[HUG#1495605]
Unternehmensinformation / Kurzprofil:
Datum: 09.03.2011 - 09:30 Uhr
Sprache: Deutsch
News-ID 52281
Anzahl Zeichen: 13455
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Sanoma's new segment figures for 2010"
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