Suominen: Earnings still trailing at a weak level

By Rauli Juva
Suominen's Q1 was below both expectations and the comparison period. Although the full-year guidance was repeated, the situation early in the year seems clearly weaker than expected. Thus, we cut our 2023 estimates clearly and somewhat also for the coming years. We feel the share valuation already prices a normalizing performance, which we see only in 2024. Thus, the share's expected return is weak.
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