Suominen: Improving at a sluggish pace

By Rauli Juva
Suominen's Q4 results missed expectations, but the company is on track for a recovery from weak levels this year. We slightly lowered our forecasts for this year, with the big picture relatively unchanged.
Suominen is a manufacturing company. The company manufactures and develops a wide range of napkins, hygiene products, and medical applications. The production is based on non-woven fabrics that can be used for various purposes. Customers are found in a number of industries, with the largest operations in Europe and North America. The company is headquartered in Helsinki.
Read more on company pageKey Estimate Figures27.10.2023
2022 | 23e | 24e |
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2022 | 23e | 24e | |
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Revenue | 493.3 | 449.9 | 449.9 |
growth-% | 11.3 % | -8.8 % | |
EBIT (adj.) | -4.2 | -1.8 | 13.3 |
EBIT-% (adj.) | -0.8 % | -0.4 % | 3.0 % |
EPS (adj.) | -0.16 | -0.11 | 0.13 |
Dividend | 0.10 | 0.05 | 0.08 |
Dividend % | 3.3 % | 2.9 % | 4.7 % |
P/E (adj.) | neg. | neg. | 12.9 |
EV/EBITDA | 15.8 | 12.6 | 5.2 |