Sanoma’s Dutch operations outperform those in Finnish home market

Photo: Twitter screen dump
Photo: Twitter screen dump

Finnish publisher Sanoma reported earnings from its Dutch operations outperformed those in its home market in the first three months of 2018.

The group posted an overall loss of more than €5m in the first-quarter, compared to an adjusted loss of €4m in the year-earlier period, the Financieele Dagblad said on Friday.

In the Netherlands, where Sanoma is publisher of of the news website as well as such periodicals as Donald Duck and Libelle, the group said cost controls helped increase profits to €15m from €14m in the first three months of 2018.

Sanoma’s Dutch unit recently sold its comparative shopping website Kieskeurig as well as its stake in the Dutch SBS television broadcasters.  Earlier Sanoma sold such Dutch titles as Playboy, Nieuwe Revu and Panorama.

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