Sanoma Media Finland, which operates Finnish classifieds businesses like Huuto and Oikotie, increased digital revenue handsomely in H1 of FY2019. The company does not report its classifieds operations separately.
Net sales for Sanoma’s digital businesses amounted to €148.9 million ($154.6 million U.S.) in H1 — an increase of 9 percent from H1 FY2018.
Overall, the group’s net sales declined slightly from €624.5 million to €601.6 million. Operational EBIT, excluding purchase price allocation, was stable, amounting to €91 million.
Sanoma expects its full-year 2019 net sales to be in line with 2018. It expects its operational EBIT margin will be around 15 percent.