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Listed Companies | Decrease in Advertising and Events Weighed on Sanoma's Revenue
Summary by Helsingin Sanomat
3 Articles
3 Articles
Sanoma slightly missed forecasts in the second quarter. The forecast for an improvement in full-year results remained unchanged.
·Helsinki, Finland
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Educational materials and media company Sanoma's operating profit grew in April–June, but fell short of analysts' expectations. The board kept its guidance for the rest of the year unchanged.
The net profit of the TF1 group fell sharply in the first half of the year, from €78 million to €51 million, mainly due to the fall in the traditional television advertising market, according to its results published on 24 July.
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Total News Sources3
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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