SanomaWSOY is organising today a special topic session for institutional investors and financial media. During the day, the Group management will be presenting SanomaWSOY's magazine and press distribution operations in Russia. The presentations of the day will be available on the Group's web site at www.sanomawsoy.fi today after 2 pm. There will also be a webcast of the event available later this week.
SanomaWSOY's President and CEO Hannu Syrjänen will in his presentation give out more detailed information about the Group's geographical split of net sales as follows:
Net sales, EUR million
Net sales from CEE countries
Net sales of Independent Media (Russia + the Ukraine; the share consolidated with SanomaWSOY figures)
- Russia and Central Eastern Europe offer a lot of opportunities to SanomaWSOY. We believe, that the rapid growth of advertising markets, the increasing wealth of population and the possibilities to participate e.g. in developing press distribution in these countries create growth opportunities for us in the coming years. The Russian market is also a good spring board to other former countries of Commonwealth of Independent States, as soon as the economic development of these countries creates conditions for profitable business, Hannu Syrjänen says. Even now SanomaWSOY publishes e.g. Cosmopolitan in Georgia and Kazakhstan.
- In Russia in the future, we are especially interested in leveraging our magazine operations strongly and developing press distribution. We are also looking at possibilities to expand our educational publishing operations to Russia, Syrjänen tells about SanomaWSOY's plans.
Additional information: SanomaWSOY's Group Communications, tel. +385 105 19 5062
Senior Vice President
Finance and Administration
Helsinki Stock Exchange