HLSE:SANOMAMedia
Sanoma (HLSE:SANOMA) Stock Rallies On Profit Return While Margins Stay Thin
Sanoma Oyj stock came into this earnings day with a modest rebound in place, up about 5% over the past week and 7% over the past month, yet still slightly weaker over the last quarter. The headline from the release is a firm swing back into profit in Q2, with basic earnings per share of €0.20 on €334.7m of revenue.
The key issue for sentiment is margin quality. Trailing net profit margin sits at about 1.3% after a €75.6m one off loss in the last year, which keeps investors wary even as the...