Suominen's Q4 result was below our expectations, but the guidance for 2023 was positive as expected. We lowered our estimates slightly due to falling sales prices and the weak Q4 result. We feel the share is already pricing a normal earnings level for Suominen which means the expected return is weak.
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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.