Sanoma (Welho)'s Year-End Statement 2008Tuesday, February 10th, 2009
In 2008, Sanoma (Helsinki:SAA1V)’s net sales grew by 3.5%, totalling EUR 3,030.1 (2007: 2,926.3; 2006: 2,742.1) million.
Sanoma Entertainment offers consumers entertaining experiences on television, radio, online and mobile devices. Sanoma Entertainment’s business units include Nelonen Media, primarily focused on broadcast operations, and Welho, Finland’s largest cable television operator.
Net sales from other operations increased clearly in 2008 due to Welho’s strong pay TV and broadband sales. Pay TV business was boosted by investments focused on offering more High Definition (HD) channels. The range of broadband options also increased. The usage of Sanoma Entertainment’s online casual gaming sites increased clearly during the year.
Operational indicators, thousands (31 Dec):
1-12/ 1-12/ 2008 2007 ----- ----- Number of connected households 323 319 Number of pay TV subscriptions 106 86 Number of broadband internet connections 105 99