Skip to main content

Sanoma sells its printing facility in Varkaus to Keskisuomalainen

Written by Customer Service on . Posted in Public Companies.

Sanoma Corporation, Press Release, 3 January 2022 at 12:45 EET

Sanoma sells its printing facility in Varkaus to Keskisuomalainen

Sanoma Media Finland Oy has sold its newspaper printing facility Savon Paino, located in Varkaus, Finland, to media company Keskisuomalainen. 36 employees of Savon Paino were transferred to Keskisuomalainen with the divestment. Printing of certain Sanoma’s products, regional editions of Helsingin Sanomat and Ilta-Sanomat as well as the weekly product HS Viikko, will continue at Savon Paino with long-term contracts.

“Printed newspaper continues to have a big role in media consumption: in the everyday life of our readers and as an advertising platform. The printed newspaper is a quality product and something we are proud of. With this transaction we can ensure efficient production of printed newspapers well into the future – this has a major relevance for domestic news media,” comments Pia Kalsta, CEO of Sanoma Media Finland. “Warm thanks to the professionals of Savon Paino for the past years and all the best for the future. Our close cooperation will continue,” Kalsta continues.

Additional information
Kaisa Uurasmaa, Head of Investor Relations and Sustainability, tel. +358 40 560 5601
Hanna Johde, Communications Director, Sanoma Media Finland, tel. +358 40 673 8977

Sanoma 

Sanoma is an innovative and agile learning and media company impacting the lives of millions every day. Our Sustainability Strategy is designed to maximise our positive ‘brainprint’ on society and to minimise our environmental footprint. We are committed to the UN Sustainable Development Goals and signatory to the UN Global Compact.

Our learning products and services enable teachers to develop the talents of every child to reach their full potential. We offer printed and digital learning content as well as digital learning and teaching platforms for primary, secondary and vocational education, and want to grow our business across Europe. 

Our Finnish media provide independent journalism and engaging entertainment also for generations to come. Our unique cross-media position offers the widest reach and tailored marketing solutions for our business partners. 

Today, we operate in eleven European countries and employ close to 5,000 professionals. In 2020, our net sales amounted to approx. 1.1bn€ and our operational EBIT margin excl. PPA was 14.7%. Sanoma shares are listed on Nasdaq Helsinki. More information is available at www.sanoma.com. 

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.