Sanoma

29:33

Rob Kolkman, CEO, talks about Sanoma as an Investment.

Sanoma's Q2 operating result, which remained at the comparison period's level, was below our estimate, which we believe was primarily due to timing factors in the learning business.

9:33

Sanoma maintained its full-year 2026 guidance following a stable second quarter. The company enters the peak season for its Learning business from a strong position, making its execution during this period critical for the remainder of the year.

Sanoma's Q2 earnings, published this morning, were approximately at the same level as the comparison period, thus falling short of estimates that anticipated slight earnings growth.

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