Brief: Suominen Q4 Operating Profit Falls To EUR 8.5 Million

Suominen Oyj

04/02/2021 07:32

Feb 4 (Reuters) - Suominen Oyj  SUY1V.HE :
    * FY OPERATING PROFIT 39.5 MILLION EUR
    * REG-SUOMINEN CORPORATION’S FINANCIAL STATEMENTS RELEASE
FOR
JANUARY 1–DECEMBER 31, 2020: RECORD YEAR IN BOTH NET SALES AND
PROFITABILITY
    * Q4 NET SALES EUR 111.1 MILLION VERSUS EUR 94.5 MILLION
YEAR AGO
    * Q4 OPERATING PROFIT EUR 8.5 MILLION VERSUS EUR 1.4 MILLION
YEAR
AGO
    * PROPOSES TO ANNUAL GENERAL MEETING A DIVIDEND OF EUR 0.10
PER
SHARE AND IN ADDITION TO DIVIDEND, A RETURN OF CAPITAL OF EUR
0.10 PER SHARE
    * SUOMINEN EXPECTS THAT ITS COMPARABLE EBITDA (EARNINGS
BEFORE
INTEREST, TAXES, DEPRECIATION AND AMORTIZATION) IN 2021 WILL BE
IN LINE WITH 2020
    * DEMAND FOR NONWOVENS IS EXPECTED TO REMAIN STRONG, HOWEVER
RISING VOLATILITY IN RAW MATERIAL AND TRANSPORTATION MARKETS
INCREASES UNCERTAINTY AND MAY IMPACT RESULT NEGATIVELY

Source text for Eikon:  ID:nGNE6zZcMk 
Further company coverage:  SUY1V.HE 

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