• Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Sanoma

8.80 EUR-0.11 %28.7, 17.29
7,561 following

SANOMA

NASDAQ Helsinki

Media & Entertainment

Consumer Goods & Services

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
-0.11 %
+2.09 %
-4.35 %
-10.84 %
-7.37 %
-8.62 %
+23.94 %
-42.41 %
-86.77 %

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
Market cap
1.44B EUR
Turnover
620.14K EUR
P/E (adj.) (26e)
10.78
EV/EBIT (adj.) (26e)
10.89
P/B (26e)
2.28
EV/S (26e)
1.55
Dividend yield-% (26e)
5 %
Coverage
Recommendation
Buy
Target price
11.50 EUR
Updated
26.07.2026
Disclaimer
Petri Gostowski
Petri Gostowski

Co. Head of Research

Latest research

Latest analysis report

Released: 08.05.2026

Latest extensive report

Released: 13.04.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
Low
High
All
Research
Webcasts
Press releases
ShowingAll content types

Forum discussions
I was looking at Sanoma’s target prices after the Q1 results. With a quick glance, I found the ones listed below. Other brokerage firms have likely updated their target prices as well. In any case, everyone seems to agree that the outlook is good! Inderes 11.50 Op 11.70 Danske 14...
5/8/2026, 6:37 AM
by Kaiku
11
sanoma.com Sanoma ostaa Fluentben, puolalaisen tekoälyyn perustuvan kielten opiskelun... Sanoma Oyj, lehdistötiedote, 2.7.2026 klo 10.00 Sanoma ostaa Fluentben, Sanoma has acquired Fluentbe, a Polish digital language learning tutoring platform, from its founders and other shareholders...
7/2/2026, 7:11 AM
by Cadel
8
Above are two videos that I believe provide good insights into Sanoma’s future outlook. CEO Kolkman paints a credible growth path for Sanoma’s coming years, and the first signs of growth should already be visible during H2 of this year. The market, however, hasn’t watched the videos...
5/25/2026, 3:55 PM
by Kaiku
8
Juho Toratti has written a piece on Sanoma At the end of the interview, we asked the company’s management what they believe makes Sanoma an attractive investment right now. The answer is clear: ”Driven by the Learning business, we have a clear growth path for the years 2026–2030....
6/2/2026, 4:54 PM
by Sijoittaja-alokas
7
Reviews by CEO Rob Kolkman and Sanoma Media Finland CEO Pia Kalsta from yesterday’s Annual General Meeting
5/8/2026, 1:14 PM
by Sara Antonacci
6
Here are Petri’s comments on Sanoma’s small acquisition in Poland Inderes – 3 Jul 26 Sanoma teki pienen täydentävän yritysoston Puolassa - Inderes Yhtiö osti puolalaisen digitaalisen kielten opiskelun tuturointialustan Fluentben.
7/3/2026, 5:27 AM
by Sijoittaja-alokas
5
Strange closing auction today for Sanoma. Take a look at the 5-minute chart, for example. The price was at the 8.86 level just before the end, until about 44,000 shares went through in the closing auction and the closing price was suddenly 8.46. Thoughts?
6/30/2026, 4:00 PM
by Tonyfran
5
Read more on our forum
Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
29.7
2026

Interim report Q2'26

14.9
2026

Triannual dividend

28.10
2026

Interim report Q3'26

Sanoma Q2'26 preview: We expect slight earnings growth, but our eyes are already on Q3
Analyst Comment27.07.2026, 08.27 by
Petri Gostowski

Sanoma Q2'26 preview: We expect slight earnings growth, but our eyes are already on Q3

We expect the company's revenue to have developed steadily, but we expect slight earnings growth as a result of improved operational efficiency.

Sanoma
Press release24.07.2026, 13.00

Modular Finance IR Consensus: Sanoma – Consensus estimates Q2 2026

Sanoma
Sanoma Oyj, Webcast, Q2'26
Webcast29.07.2026, 10.30

Sanoma Oyj, Webcast, Q2'26

Sanoma

Join Inderes community

Don't miss out - create an account and get all the possible benefits

Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools
Create account
Analyst Comment20.07.2026, 08.31 by
Petri Gostowski

Ad investments turned to growth in June

According to statistics published by Fifty5Blue (formerly Kantar), media advertising volumes in Finland grew at a solid pace of 4.5% year-on-year in June

SanomaAlma MediaKeskisuomalainenIlkka
Sanoma made a small complementary acquisition in Poland
Analyst Comment03.07.2026, 07.37 by
Petri Gostowski

Sanoma made a small complementary acquisition in Poland

The company acquired Fluentbe, a Polish digital language learning tutoring platform.

Sanoma
Analyst Comment22.06.2026, 07.37 by
Petri Gostowski

The rate of decline in ad investments eased in May

According to statistics published by Fifty5Blue (formerly  Kantar), the volume of Finnish media advertising decreased by a moderate 2% in May year-on-year.

SanomaAlma MediaKeskisuomalainenIlkka
Regulatory press release12.06.2026, 14.00

Composition of Sanoma’s Shareholders’ Nomination Committee

Sanoma
Analyst Comment27.05.2026, 08.27 by
Aapeli Pursimo

Ad investments fell significantly in April

The amount of media advertising in Finland decreased by as much as 15% year-on-year in April.

SanomaAlma MediaIlkkaKeskisuomalainen
Sanoma as an Investment | Investor Day May 25, 202618:58
Video25.05.2026, 15.00

Sanoma as an Investment | Investor Day May 25, 2026

Rob Kolkman, CEO, talks about media and learning company Sanoma as an investment.

Sanoma
Regulatory press release11.05.2026, 14.00

Sanoma Corporation, Managers’ Transactions

Sanoma
Sanoma Q1'26: Earnings growth outlook not reflected in the price
Research08.05.2026, 09.18 by
Petri Gostowski

Sanoma Q1'26: Earnings growth outlook not reflected in the price

Sanoma's Q1 performance was largely as expected, although Media Finland's improved margin was a positive surprise.

Sanoma
Sanoma Oyj, Webcast, Q1'26
Webcast07.05.2026, 14.00

Sanoma Oyj, Webcast, Q1'26

Sanoma
Regulatory press release07.05.2026, 13.00

Decisions taken by Sanoma Corporation’s Annual General Meeting and Board of Directors

Sanoma
Sanoma Q1'26 flash comment: Slight beat of estimates driven by Media Finland
Analyst Comment07.05.2026, 09.37 by
Petri Gostowski

Sanoma Q1'26 flash comment: Slight beat of estimates driven by Media Finland

Sanoma published its Q1 earnings report this morning, which was slightly better than expected in terms of profitability for a first quarter that seasonally weighs on operating loss.

Sanoma
Regulatory press release07.05.2026, 06.30

Sanoma Corporation, Interim Report 1 January–31 March 2026: Improved adjusted operating profit in Learning and Media

Sanoma
Sanoma Q1'26 preview: Expectations are at the level of the comparison period despite year-on-year earnings growth
Analyst Comment05.05.2026, 07.39 by
Petri Gostowski

Sanoma Q1'26 preview: Expectations are at the level of the comparison period despite year-on-year earnings growth

Sanoma publishes its Q1 report on Thursday at around 8:30 am EEST. We expect the company's revenue and operational result to have been in line with the comparison period.

Sanoma
Press release04.05.2026, 13.15

Modular Finance IR Consensus: Sanoma – Consensus estimates Q1 2026

Sanoma
Sanoma makes bolt-on acquisition in Learning
Analyst Comment04.05.2026, 07.47 by
Petri Gostowski

Sanoma makes bolt-on acquisition in Learning

The acquisition complements the Learning business offering in the Spanish market.

Sanoma
Analyst Comment28.04.2026, 08.29 by
Petri Gostowski

Development of advertising investments has been sluggish in early 2026

According to statistics published by Fifty5Blue (formerly Kantar), the amount of media advertising in Finland decreased by 4% year-on-year in March.

SanomaAlma MediaIlkkaKeskisuomalainen
Press release13.04.2026, 12.58

Inderes Equity Research: Sanoma – Earnings growth will accelerate next semester

Sanoma