Brief: Suominen Q4 Operating Result Swings To Profit Of EUR 1.4 Million

Suominen Oyj

29/01/2020 10:07

Jan 29 (Reuters) - Suominen Oyj  SUY1V.HE :
    * REG-SUOMINEN CORPORATION’S FINANCIAL STATEMENTS RELEASE
FOR
JANUARY 1–DECEMBER 31, 2019:  PROFITABILITY IMPROVED, STRONG
CASH FLOW CONTINUED
    * Q4 NET SALES EUR 94.5 MILLION VERSUS EUR 109.8 MILLION
YEAR AGO
    * Q4 OPERATING PROFIT EUR 1.4 MILLION VERSUS LOSS EUR 0.4
MILLION
YEAR AGO
    * BOARD OF DIRECTORS PROPOSES A DIVIDEND OF EUR 0.05 PER
SHARE
    * WILL NO LONGER GIVE SHORT-TERM NET SALES GUIDANCE
    * EXPECTS THAT IN 2020, ITS COMPARABLE OPERATING PROFIT WILL
IMPROVE FROM 2019
    * OVERALL, WE MADE GOOD PROGRESS IN 2019 AND GOING FORWARD
SUOMINEN IS IN A GOOD POSITION AS LEADER IN NONWOVENS FOR WIPES
    * PROPOSES DIVIDEND OF EUR 0.05 PER SHARE FROM FINANCIAL
YEAR 2019
    * MARKET FOR SUSTAINABLE PRODUCTS IS GROWING GLOBALLY AND WE
ARE
WELL PLACED TO RESPOND TO THIS INCREASING DEMAND
    * OUR NEW STRATEGY GIVES US A GOOD STARTING POINT FOR 2020

Source text for Eikon:  ID:nGNE73PfXv 
Further company coverage:  SUY1V.HE 

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