Q1 2019 Sanoma Oyj Earnings Call Transcript
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.
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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