Brief: Suominen Q2 Comparable EBITDA Falls To EUR 15.3 Mln

Suominen Oyj

13/08/2021 07:36

Aug 13 (Reuters) - Suominen Oyj  SUY1V.HE :
    * REG-SUOMINEN CORPORATION’S HALF-YEAR FINANCIAL REPORT FOR
JANUARY 1 – JUNE 30, 2021: SOLID PROFITABILITY IN Q2, SHORT-TERM
DEMAND OUTLOOK CHALLENGING
    * Q2 NET SALES DECREASED BY 7.0% AND AMOUNTED TO EUR 113.6
MILLION
(122.2)
    * Q2 COMPARABLE EBITDA DECREASED BY 15.1% AND AMOUNTED TO
EUR 15.3
MILLION (18.0)
    * AS ANNOUNCED ON AUGUST 12, 2021 SUOMINEN EXPECTS THAT ITS
COMPARABLE EBITDA (EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION
AND AMORTIZATION) IN 2021 WILL DECREASE FROM 2020
    * GOING FORWARD SUOMINEN IS IN A STRONG POSITION BOTH
STRATEGICALLY AND FINANCIALLY
    * TOWARDS END OF Q2, ESPECIALLY OUR NORTH AMERICAN CUSTOMERS
STARTED TO EXPERIENCE A SUDDEN DECELERATION OF DEMAND

Source text for Eikon:  ID:nGNE9tkHPP 
Further company coverage:  SUY1V.HE 

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