The Q1 report released by Suominen yesterday was operationally better than we expected. The outlook for the near term is strong in terms of demand but increasing raw material prices will act as a break in the next few quarters. We see the upside in the share’s low valuation and 4% dividend yield offer a good expected return for investors even though we do not expect the result to grow from last year’s high level in the next couple of years.
Trade. (Suominen)
