Sanoma’s Net Sales 2008 over EUR 3 Billion, EBIT Excluding Non-Recurring Items Almost at the Previous Year’s Level. Impairment Loss in Magazine Operations in CEE and Russia due to Changes in Market Conditions
Sanoma recognises an impairment loss of some EUR 78 million on the goodwill and immaterial rights of Sanoma Magazines International on the fourth quarter of 2008, due to weakened growth expectations. The recognition of the loss will not affect the Group’s dividend policy or ability to pay dividends.