Sanoma Corporation, Press Release, 3 January 2022 at 12:45 EET
Sanoma sells its printing facility in Varkaus to Keskisuomalainen
Sanoma Media Finland Oy has sold its newspaper printing facility Savon Paino, located in Varkaus, Finland, to media company Keskisuomalainen. 36 employees of Savon Paino were transferred to Keskisuomalainen with the divestment. Printing of certain Sanoma’s products, regional editions of Helsingin Sanomat and Ilta-Sanomat as well as the weekly product HS Viikko, will continue at Savon Paino with long-term contracts.
“Printed newspaper continues to have a big role in media consumption: in the everyday life of our readers and as an advertising platform. The printed newspaper is a quality product and something we are proud of. With this transaction we can ensure efficient production of printed newspapers well into the future – this has a major relevance for domestic news media,” comments Pia Kalsta, CEO of Sanoma Media Finland. “Warm thanks to the professionals of Savon Paino for the past years and all the best for the future. Our close cooperation will continue,” Kalsta continues.
Kaisa Uurasmaa, Head of Investor Relations and Sustainability, tel. +358 40 560 5601
Hanna Johde, Communications Director, Sanoma Media Finland, tel. +358 40 673 8977
Sanoma is an innovative and agile learning and media company impacting the lives of millions every day. Our Sustainability Strategy is designed to maximise our positive ‘brainprint’ on society and to minimise our environmental footprint. We are committed to the UN Sustainable Development Goals and signatory to the UN Global Compact.
Our learning products and services enable teachers to develop the talents of every child to reach their full potential. We offer printed and digital learning content as well as digital learning and teaching platforms for primary, secondary and vocational education, and want to grow our business across Europe.
Our Finnish media provide independent journalism and engaging entertainment also for generations to come. Our unique cross-media position offers the widest reach and tailored marketing solutions for our business partners.
Today, we operate in eleven European countries and employ close to 5,000 professionals. In 2020, our net sales amounted to approx. 1.1bn€ and our operational EBIT margin excl. PPA was 14.7%. Sanoma shares are listed on Nasdaq Helsinki. More information is available at www.sanoma.com.