Sanoma plans to centralise its printing operations to the Helsinki area and close its printing facility in Tampere

Core Viewpoint - Sanoma Corporation plans to centralize its printing operations in the Helsinki area and close its Tampere facility due to the shift towards digital media consumption and increased printing costs from smaller print runs [1][3]. Group 1: Operational Changes - The closure of the Sanoma Manu printing facility in Tampere is part of a strategy to improve cost efficiency by consolidating printing operations in Finland's largest printing house located in Helsinki [1]. - The decision will be finalized after a negotiation process in accordance with local Finnish legislation, potentially affecting up to 65 employees [2]. Group 2: Financial Implications - If the closure proceeds, Sanoma expects to incur restructuring costs of approximately EUR 30 million, with around EUR 27 million attributed to non-cash impairments related to right-of-use assets [3]. - The anticipated annual cost benefits from the closure are expected to enhance Media Finland's efficiency practices, addressing challenges from declining print revenues and cost inflation [3]. Group 3: Outlook and Performance - The planned closure is not expected to impact Sanoma's financial outlook for 2025 or its long-term financial targets [4]. - In 2024, Sanoma reported net sales of approximately EUR 1.3 billion and an operational EBIT margin of 13.4% [7].