Sanoma Oyj (FRA:SNQB)
€ 7.24 0.04 (0.56%) Market Cap: 1.19 Bil Enterprise Value: 1.27 Bil PE Ratio: 31.74 PB Ratio: 1.47 GF Score: 62/100

Q1 2019 Sanoma Oyj Earnings Call Transcript

Apr 30, 2019 / 08:00AM GMT
Release Date Price: €9.3 (+0.54%)
Kaisa Uurasmaa
Sanoma Oyj - Head of IR & Corporate Social Responsibility

Good morning, ladies and gentlemen, and welcome to Sanoma's First Quarter 2019 Results Conference. My name is Kaisa Uurasmaa. I'm heading Investor Relations at Sanoma. And today, I have here with me the President and CEO, Susan Duinhoven; and the CFO and COO, Markus Holm, who will represent the results. (Operator Instructions)

With this, I will now hand over to Susan to start the presentation, please.

Susan Duinhoven
Sanoma Oyj - President & CEO

Thank you very much, Kaisa. Welcome, everyone, here and on video with this Q1 2019 results presentation. We had a good solid start of the year. Let me give you some highlights of this first quarter, which is good to remind is always a small quarter for Sanoma.

Our net sales EUR 248 million, a little bit down from the EUR 262 million last year. Operational EBIT stable at EUR 10 million, therefore slightly increased EBIT margin to 4.1%. Free cash flow minus EUR 41 million. As always, first quarter being a negative cash

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