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Suominen’s Q2 result was better than we expected but due to the profit warning issued one day before the report the situation has clearly moved to the negative. We do not find the share valuation to be high despite estimate cuts. In addition, 4 % dividend yield encourages to look behind temporarily challenges.

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Trade. (Suominen)

Suominen manufactures nonwovens as roll goods for wipes and for hygiene products and medical applications. Suominen is the global market leader in nonwovens for wipes. The company employs nearly 650 people in Europe and in the Americas. The Suominen share (SUY1V) is listed on the Nasdaq Helsinki Stock Exchange.