Core Insights - Sanoma has acquired Mr. Chadd, a Dutch tutoring platform, enhancing its personalized learning offerings in the K12 education sector [1] - The acquisition aligns with Sanoma's strategy to expand its K12 learning business and adapt to the evolving educational landscape [1] Company Overview - Sanoma operates across Europe, employing nearly 5,000 professionals, and reported net sales of approximately EUR 1.3 billion in 2025 with an adjusted operating profit margin of 14.4% [6] - The company focuses on providing high-quality learning content and solutions, combining pedagogical expertise with innovative educational technologies [3][5] Acquisition Details - Mr. Chadd generated net sales of around EUR 1 million in 2025 and has been utilized by over 140,000 secondary and vocational education students [2] - The founder of Mr. Chadd will continue to work with Sanoma Learning post-acquisition, ensuring continuity and integration of the platform [2] Strategic Goals - Sanoma aims to accelerate growth in K12 education through value-creating mergers and acquisitions while responsibly leveraging AI technologies [5] - The company is committed to sustainability, aligning its strategies with the UN Sustainable Development Goals and minimizing its environmental footprint [5]

Core Viewpoint - Sanoma has updated its financial targets, aiming for high single-digit growth in adjusted operating profit from 2026 to 2030, driven by accelerated net sales and earnings growth in its Learning and Media Finland segments [1][2]. Group Financial Targets - The financial targets for Learning include mid single-digit growth in comparable net sales and high single-digit growth in adjusted operating profit [4]. - For Media Finland, the targets are stable comparable net sales and low single-digit growth in adjusted operating profit [4]. Growth Drivers - In Learning, curriculum renewals in key markets like Poland and Spain are expected to enhance organic net sales growth from 2026 to 2030, alongside a shift towards personalized learning and AI integration [2]. - Media Finland is set to benefit from a digital transformation and significant advertising growth, particularly with the anticipated opening of the gambling market in 2027 [3][6]. Financial Metrics - The Group's net debt to adjusted EBITDA target has been revised to below 2.5 from below 3.0 [3][5]. - The updated dividend policy aims for an increasing dividend, representing 40-60% of annual free cash flow [5][9]. Changes in Performance Measures - Sanoma will amend the definition of free cash flow to include lease liabilities, which will better reflect cash available for profit distribution [8][9]. - The payout ratio for dividends is expected to increase, with the 2024 payout ratio projected at 56% under the new definition, compared to 44% previously [9].