Sanoma's Strategic Share Repurchase Boosts Corporate Growth
Sanoma's Strategic Share Repurchase Program
In a move that signifies confidence in its future, Sanoma Corporation has finalized a significant share repurchase program. This endeavor, which began on November 1, 2024, and concluded on June 5, 2025, saw the company acquire 720,000 of its own shares.
Details of the Share Acquisition
The shares were repurchased at an average price of EUR 8.1433 each, totaling an investment of approximately EUR 5.9 million. This approach allowed Sanoma to acquire shares through public trading on Nasdaq Helsinki Ltd., adhering to market prices at the time of purchase. The initiative was conducted under the authorizations provided by the Annual General Meetings held on April 17, 2024, and April 29, 2025, highlighting a strategic approach to bolster shareholder value.
Impact on Company Holdings
With this recent acquisition, Sanoma now holds a total of 792,677 shares, accounting for about 0.48% of the company's entire share count. This repurchase not only reflects the company's health but also integrates these shares into its broader incentive programs, set to motivate employees and enhance performance.
About Sanoma Corporation
Sanoma is a dynamic and forward-thinking learning and media organization, making a significant impact on millions of lives daily. The company prides itself on its commitment to sustainability, striving to maximize its positive influence on society while minimizing its environmental impact.
Commitment to Education
Sanoma's product offerings empower educators to nurture every child's talents, fostering an environment where students can achieve their full potential. The company provides a comprehensive mix of printed and digital learning content, alongside innovative teaching platforms, covering primary, secondary, and vocational education sectors.
Media and Community Engagement
In addition to its educational initiatives, Sanoma's Finnish media division is dedicated to delivering independent journalism and engaging entertainment. With a robust cross-media approach, the company serves the dual purpose of providing necessary news while also crafting tailored marketing solutions for business partners.
Corporate Performance and Future Goals
Operating throughout Europe, Sanoma employs nearly 5,000 professionals. The company's operation in 2024 reported net sales of approximately €1.3 billion, complemented by an operational EBIT margin of 13.4% when excluding Purchase Price Allocation (PPA). Such financial health positions Sanoma favorably in a competitive market, paving the way for ongoing growth and expansion.
Contact Information
For further inquiries regarding investments or corporate sustainability, please reach out to Kaisa Uurasmaa, Head of Investor Relations and Sustainability, at +358 40 560 5601.
Frequently Asked Questions
What was the purpose of Sanoma's share repurchase?
The share repurchase program was designed to reinforce shareholder value and integrate shares into the company's incentive programs.
How many shares did Sanoma repurchase?
Sanoma repurchased a total of 720,000 shares during the program timeline.
What percentage of shares does Sanoma currently hold?
After the repurchase, Sanoma holds 792,677 shares, which is approximately 0.48% of the total share count.
What are Sanoma's commitments towards sustainability?
Sanoma is dedicated to maximizing its positive impact on society through its sustainability strategy while minimizing environmental footprints.
Who can be contacted for investor relations inquiries?
Kaisa Uurasmaa can be contacted for any investor-related queries at +358 40 560 5601.
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