Sanoma Corp Unsp/Adr (SWYBY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and welcome to Sanoma's Q1 2025 results presentation. My name is Kaisa Uurasmaa. I'm heading investor relations and sustainability at Sanoma. Q1 is always a seasonally small quarter for Sanoma, but our performance improved, driven by learning. And today we have, as usual, President and CEO Rob Kolkman and CFO Alex Green telling you more about the results. After the presentation, we will have a Q&A session. We will first take questions from the audience here at Sanoma House. Please wait for the microphone. We will then hand over to the telephone line, or then you can also use the chat function in the webcast platform. After this event, a recording of the presentation, including the Q&A, will be available on our website. With this, I would like to invite Rob on stage, please. Thank you, Kajsa. And good afternoon, everybody. It's my pleasure to present the quarter one results to you today. As Kajsa already mentioned, we saw improved performance across the business, but it is in a seasonally small quarter. So it's a good start to the year, but of course still a lot more to come. And you see that reflected in the numbers here. So the sales was overall stable, and the driving factors there were around growth in learning, particularly in the Netherlands and Poland, and that was offsetting the lower advertising sales in Media Finland. And I'll talk later specifically on media and also on advertising. If you look at the group's operational EBIT, that improved due to learning, and that is also a result again of the net sales growth and the improved cost efficiency. It's stable in media Finland overall. And here also good to keep in mind, of course, that this is a small quarter for us and therefore also seasonally loss making. Our free cash flow contin...