Sanoma Corp Unsp/Adr (SWYBY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and welcome to Sanoma's first quarter 2026 results presentation. My name is Kaisa Urasmaa. I'm heading investor relations and sustainability at Sanoma. Our adjusted operating profit improved in learning and media in the first quarter. And today we have the president and CEO Rob Kolkman and CFO Alex Green to present the results. After their presentation, we will have a Q&A session. We will first take questions from here at Sanama House. Please use the microphone. Then we hand over to the telephone line. And you can also use the chat function in the webcast platform. The whole event will be recorded and the recording will be available on our website shortly after the event. With this, I would like to invite Rob on stage, please. Thank you, Kaisa. And good afternoon, everybody. It's my pleasure to present the quarter one results to you this afternoon. And as Kaisa already mentioned, we've seen improved profit in both learning and media, which is a really solid good start to the year. Let me first go high level on the numbers and then, as usual, zoom in more specifically on learning, try to give a bit of a feel as well for where we stand in the build-up to really that step change in growth there. And then also, of course, say a few words about the media business as well. So overall, our net sales were stable. And underneath that, you see growth in learning. particularly in the Netherlands, Poland and Spain. And the advertising is still impacted by the weaker economic climate here in Finland. Profit-wise, we see improvement. Of course, this is a seasonally small revenue quarter, but the improvement is definitely there, and that is both in learning and in media. Free cash flow relatively stable, and Alex will talk about that a bit more. And Alex w...