Sanoma complements financial information related to the Iddink acquisition

Sanoma complements financial information related to the Iddink acquisition At the request of Nasdaq Helsinki Ltd. and related to Sanoma's stock exchange release on 11 December 2018 on acquisition of Iddink, Sanoma complements information on Iddink's financial performance and financial position...

Sanoma complements financial information related to the Iddink acquisition

At the request of Nasdaq Helsinki Ltd. and related to Sanoma's stock exchange release on 11 December 2018 on acquisition of Iddink, Sanoma complements information on Iddink's financial performance and financial position. Figures presented in this release are based on Iddink Holding B.V.'s audited 2017 Dutch GAAP Financial Statements. 2017 figures differ from the ones presented in the earlier release, which are adjusted to align with Sanoma's financial reporting.

Key income statement figures

EUR million	2017	2016
Net sales	139	136
Reported EBITDA	40	40
Rental book depreciations	16	15
Operating profit before depreciation and amortization	24	25
Depreciation and amortization	21	17
Operating profit	3	8

In 2017, Iddink's operating profit declined mainly due to EUR 3 million impairment write-offs included in depreciation and amortization. In addition, operating profit included non-recurring restructuring, acquisition, start-up and personnel costs, as Iddink invested in further development of its learning platforms.

Iddink's operational EBITDA of EUR 27 million for 2017, as presented in the earlier release, is adjusted for approx. EUR 3 million of non-recurring costs.

Key balance sheet figures

EUR million	31 Dec 2017	31 Dec 2016
Non-current assets	187	196
Current assets (incl. rental books)	62	64
Total assets	249	260
Total equity	87	92
Liabilities	162	168
Total equity & liabilities	249	260

Additional information
Kaisa Uurasmaa, Head of Investor Relations and CSR, tel. +358 40 560 5601

Sanoma

Sanoma is a front running learning and media company impacting the lives of millions every day. We enable teachers to excel at developing the talents of every child, provide consumers with engaging content, and offer unique marketing solutions to business partners.

With operations in Finland, the Netherlands, Poland, Belgium and Sweden, our net sales totalled EUR 1.4 billion and we employed more than 4,400 professionals in 2017. Sanoma shares are listed on Nasdaq Helsinki. More information is available at www.sanoma.com.