Sanoma completes the divestment of bookstore operations
(Thomson Reuters ONE) -
Press Release 30/09/2011 10:30
The divestment of Sanoma's bookstore operations in Finland to Otava Ltd,
announced on 25 August 2011, has been closed today. The transaction includes all
shares of Suomalainen Kirjakauppa Oy, six properties used by Suomalainen
Kirjakauppa and Rautakirja's and Suomalainen Kirjakauppa's shares of
Kirjavälitys Oy, a company specialising in logistic services.
In 2010, net sales of Sanoma's Finnish bookstores were EUR 109 million and
operating profit EUR 2 million. The divestment affects Trade segment's outlook
for 2011. Trade segment's net sales are now expected to decrease significantly
and operating profit excluding non-recurring items to decrease clearly in 2011.
Previously, net sales were estimated to decrease and operating profit excluding
non-recurring items to be at the previous year's level. This transaction does
not have an effect on the outlook of the Sanoma Group.
Sanoma Corporation
Kim Ignatius
Chief Financial Officer
Additional information: Sanoma's Investor Relations, Anna Tuominen, tel.
+358 105 19 5066 or ir(at)sanoma.com
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#1551082]
Unternehmensinformation / Kurzprofil:
Datum: 30.09.2011 - 09:30 Uhr
Sprache: Deutsch
News-ID 71229
Anzahl Zeichen: 2382
contact information:
Town:
Helsinki
Kategorie:
Business News
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