Sanoma Oyj (HLSE:SANOMA) is looking for M&A. R. B. Kolkman, President and Chief Executive Officer said, "I think mergers and acquisition will continue to be an important part of our further growth in learning. Also because if you look at it slightly broader in Europe, it is a very, very fragmented market still across Europe. So we see a lot of opportunities there to the point of has that gone well or not well, I think we can point particularly in Spain and Italy to very successful acquisitions that we have done and that we have fully integrated as well.

Always comes with, let's say, a bit of risk as well, and we know that, and we also factored that in when we do our integration plans. I think we've become quite accustomed now to do that in the best possible way".