Press Release 13/06/2012 13:15
Sanoma Learning has today sold its business information services company Esmerk Oy to M-Brain Oy for an enterprise value of EUR 10 million. The transaction takes effect immediately.
Esmerk is a provider of information and media monitoring services and it has operations in Finland, France, Germany, Malaysia, Russia, Sweden, the UK and the US. In 2011, Esmerk's net sales were EUR 10.6 million and EBIT excluding non-recurring items was EUR 1.0 million. Company employs some 190 persons (FTEs).
The divestment is in line with Sanoma's strategy to focus its operations and to concentrate on consumer media and learning. As a result of the transaction, Sanoma will recognise in the second quarter of 2012 a non-taxable non-recurring capital gain of some EUR 6 million.
Additional information: Sanoma's Investor Relations Martti Yrjö-Koskinen, tel. +358 40 684 4643 or firstname.lastname@example.org
Sanoma inspires, informs and connects. As a diversified media group, we bring information, experiences, education and entertainment to millions of people every day. We make sure that quality content and interesting products and services are easily available and meet the demands of our readers, viewers and listeners. We offer a challenging and interesting working environment for around 11,000 people in over 20 countries throughout Europe. In 2011, the Group's restated net sales totalled EUR 2.4 billion.