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Research

Suominen: Not convincing

By Rauli JuvaAnalyst
Suominen
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Suominen’s Q2 result fell short of expectations, although it improved slightly from the weak comparison period. The company reiterated its guidance of an improving full-year result, but the earnings turnaround has not materialized so far. Due to the weak result, we clearly lowered our estimates for 2023-25. Even with the 2025 earnings level, the valuation remains highish and the expected return is weak. We lower the target price to EUR 2.6 (previously EUR 2.8) and our recommendation to Sell (previously Reduce).

Suominen is a manufacturing company. The company manufactures and develops a wide range of wipes, hygiene products and medical applications. The manufacturing is based on non-woven fabrics that can be used for various purposes. Customers are found in several industries, with the largest operations in Europe and North America. The company has its headquarters in Helsinki.

Read more on company page

Key Estimate Figures09.08.2023

202223e24e
Revenue493.3466.3461.6
growth-%11.3 %-5.5 %-1.0 %
EBIT (adj.)-4.21.315.5
EBIT-% (adj.)-0.8 %0.3 %3.4 %
EPS (adj.)-0.16-0.080.16
Dividend0.100.100.15
Dividend %3.3 %6.1 %9.1 %
P/E (adj.)neg.neg.10.4
EV/EBITDA15.89.64.9

Forum discussions

I agree, and it’s definitely worth listening to if Suominen interests you at all. I don’t know if even Charles can turn this around, but at ...
10/30/2025, 7:42 AM
by Rauli_Juva
3
Rauli has prepared a new company report following Suominen’s Q3. Suominen’s Q3 report contained limited new information after the preliminary...
10/30/2025, 7:37 AM
by Sijoittaja-alokas
1
An impressive performance by Charles Héaulmé. It instilled confidence in the future. I bought Suominen shares. Seems like a good value - strong...
10/29/2025, 7:57 PM
2
Rauli interviewed Suominen’s new CEO Charles Héaulmé regarding Q3 Inderes Suominen Q3'25: Scaling company to the next level - Inderes Aika: ...
10/29/2025, 3:17 PM
by Sijoittaja-alokas
2
Rauli has published a new company report after the negative outlook. Suominen issued an expected profit warning regarding its results and stated...
10/15/2025, 7:07 PM
by Sijoittaja-alokas
2
Suominen revises outlook downwards Suominen Corporation, Inside Information, October 15, 2025, 2:30 p.m. EEST In its 2024 financial statements...
10/15/2025, 12:53 PM
by Sijoittaja-alokas
1
Rauli and Tomi discussed Suominen and its performance and attractiveness. Inderes Suominen: Laivan täytyy kääntyä - Inderes Aika: 19.09.2025...
9/19/2025, 1:35 PM
by Sijoittaja-alokas
0
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