Brief: Suominen Q3 Operating Loss EUR 0.8 Million

Suominen Oyj

28/10/2021 07:35

Oct 28 (Reuters) - Suominen Oyj  SUY1V.HE :
    * REG-SUOMINEN CORPORATION’S INTERIM REPORT FOR JANUARY 1–SEPTEMBER 30, 2021: Q3 VOLUMES LOW
AS
EXPECTED, RECOVERY ALREADY ONGOING
    * SUOMINEN OYJ - Q3 NET SALES EUR 98.7 MILLION VERSUS EUR 115.4 MILLION YEAR AGO
    * SUOMINEN OYJ - Q3 OPERATING LOSS EUR 0.8 MILLION VERSUS PROFIT EUR 12.9 MILLION YEAR AGO
    * SUOMINEN OYJ - SUOMINEN REPEATS ITS OUTLOOK FOR 2021 BUT IN LIGHT OF VOLATILITY OF MARKETS
AND
SUOMINEN'S RESULTS, GIVES FURTHER DETAIL ON OUTLOOK.
    * SUOMINEN OYJ - EXPECTS THAT ITS COMPARABLE EBITDA IN 2021 WILL DECREASE FROM 2020 DUE TO
SLOWDOWN IN DEMAND FOR NONWOVENS IN SECOND HALF OF 2021 AS WELL AS SOME CONTINUING VOLATILITY IN
RAW MATERIAL AND TRANSPORTATION MARKETS AND WILL AMOUNT TO EUR 47-53 MILLION

Source text for Eikon:  ID:nGNE7Gz2Gv 
Further company coverage:  SUY1V.HE 

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