Finnish advertising market declined by 42% in May 2020, Sanoma outperformed the market
Sanoma Corporation, Press release, 18 June 2020 at 15:45 EET
Finnish advertising market declined by 42% in May 2020, Sanoma outperformed the market
According to the market research published by Kantar TNS Finland today, the Finnish media advertising market declined by 42.2% in May (-41.2% excluding the impact of the Finnish and EU parliamentary elections held in spring 2019), whereas Sanoma’s advertising sales (incl. the impact of elections, excl. the regional news media business acquired on 30 April 2020) declined by 32.2% (-31.5% excl. the election impact).
Advertising sales in the regional news media business, which Sanoma acquired on 30 April 2020, declined by 45.6% in May. The decline was in-line with the market development both in print and digital advertising.
In January-May 2020, Sanoma’s advertising sales declined by 17.1% compared to a market decline of 23.6%. During January-May Sanoma has outperformed the market and thus increased its market share in TV and radio advertising, while in newspapers, magazines and online Sanoma’s development has been broadly in-line with the market.
Finnish advertising market development by media group in groups relevant to Sanoma is presented in the table below.
Finnish advertising market development
| Media group | May 2020 | YTD May 2020 |
| Newspapers | -46.1% | -31.8% |
| Magazines | -42.8% | -19.2% |
| TV | -37.0% | -19.8% |
| Radio | -47.2% | -28.2% |
| Online * | -26.0% | -10.8% |
| Total | -42.2% | -23.6% |
* excl. search and social media
Source: Kantar TNS Oy
According to Kantar TNS, the decline in May was driven in particular by advertising of travel, telecom and financial services as well as cars. Advertising of oil and energy as well as detergents grew. Advertising continued to decline in all media groups and advertising types (brand advertising, retail advertising and classifieds).
As published earlier, Sanoma estimates that the corona virus pandemic will have significant impacts on its business during 2020. On 24 March, Sanoma temporarily withdrew its Outlook for 2020, which was given on 7 February, due to the corona virus pandemic. In the current continuously and rapidly evolving situation, it is too early to make reliable and specific estimates for an adjusted Outlook. Sanoma expects to give an updated Outlook for 2020 later during the year. Sanoma’s long-term financial targets remain unchanged.
Additional information
Investors: Kaisa Uurasmaa, Head of Investor Relations and CSR, Sanoma Corporation, tel. +358 40 560 5601
Media: Hanna Johde, Communications Director, Sanoma Media Finland, tel. 7
Sanoma
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