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.
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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 pageKey Estimate Figures27.10.2023
| 2022 | 23e | 24e | |
|---|---|---|---|
| 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 % | 4.5 % | 7.2 % |
| P/E (adj.) | neg. | neg. | 8.5 |
| EV/EBITDA | 15.8 | 9.7 | 4.0 |
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