Sanoma

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For the drug with trade name Sanoma, see Carisoprodol.

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Sanoma Corporation
Julkinen osakeyhtiö
Traded as OMX: SAA1V
Industry Media
Founded 1999
Headquarters Helsinki, Finland
Key people
 Jaakko Rauramo (Chairman), Harri-Pekka Kaukonen (President and CEO)
Products Magazines and press distribution, publishing
Revenue €2.761 billion (2010)[1]
€392.7 million (2010)[1]
Profit €299.6 million (2010)[1]
Total assets €3.203 billion (end 2010)[1]
Total equity €1.376 billion (end 2010)[1]
Number of employees
 15,405 (FTE, end 2010)[1]
Divisions Sanoma Media Finland, Sanoma Learning & Literature
Website www.sanoma.com

Sanoma Corporation (Finnish: Sanoma Oyj, formerly SanomaWSOY) is a leading media group in the Nordic countries with operations in over 10 European countries, based in Helsinki. The group is also among the top five European magazine publishers and has a strong position, in addition to its native Finland, in Belgium,[2] Croatia, the Czech Republic,[3] Denmark, Estonia, Hungary, Latvia, Lithuania, the Netherlands, Russia, Serbia, Slovakia and until 2015 in Ukraine.[4]

History

SanomaWSOY was formed in 1999 with the merger of Sanoma Corporation, WSOY (Werner Söderström Osakeyhtiö; Werner Söderström Corporation) and Helsinki Media Company.[5] The group reverted to the name Sanoma Corporation in October 2008.[6] On 5 March 2012, the group announced that it had sold R-kioski, a Finland-based Finnish–Baltic kiosk chain with 1,048 outlets, to Norway's Reitan Group for roughly 1 billion Norwegian krone. The group had been working on the purchase for a decade, but previous negotiations had stranded as Sanoma had demanded a merger where they owned 51 percent. The purchase brought the Reitan Group to 2,500 kiosk outlets, making it the second-largest kiosk group in Europe.[7]

Profile

The group has an annual turnover of 2.761 billion euros[1] and employed over 15,400 people on a full-time equivalent basis at the end of 2010.

Sanoma's stock is listed on the Helsinki Stock Exchange. Its biggest owners include Aatos Erkko and other members of the Erkko family. The newspaper Helsingin Sanomat that was founded in 1889 as Päivälehti, is one of the single most significant products of the group.

Divisions

The company consists of two divisions:[8]

  • Sanoma Media: Magazine publishing, newspaper publishing, printing, TV, radio, online gaming services and other online operations. It was formed by the merger of former Sanoma Magazines, Sanoma News and Sanoma Entertainment divisions.
  • Sanoma Learning & Literature: Educational publishing, publishing, and business information and services

Previously, Sanoma had the Trade division which consisted of tasks including kiosk operations, press distribution, bookstores and entertainment.

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Sanoma closes down operations in Ukraine, Interfax-Ukraine (17 November 2014)
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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