Brief: Suominen Reduces Its Outlook For 2021

Suominen Oyj

12/08/2021 14:41

Aug 12 (Reuters) - Suominen Oyj  SUY1V.HE :
    * REG-PROFIT WARNING: SUOMINEN REDUCES ITS OUTLOOK FOR 2021
    * NEW OUTLOOK: SUOMINEN EXPECTS THAT ITS COMPARABLE EBITDA
(EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION)
IN 2021 WILL DECREASE FROM 2020
    * PREVIOUS OUTLOOK: SUOMINEN EXPECTS THAT ITS COMPARABLE
EBITDA
(EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION)
IN 2021 WILL BE IN LINE WITH 2020
    * WE EXPECT THAT DEMAND FOR OUR PRODUCTS WILL RECOVER ONCE
THIS
TEMPORARY IMBALANCE IS CLEARED.
    * OUTLOOK UPDATED DUE TO SLOWDOWN IN DEMAND FOR NONWOVENS IN
H2,
SOME CONTINUING VOLATILITY IN RAW MATERIAL AND TRANSPORTATION
MARKETS
    * IN 2020, SUOMINEN'S COMPARABLE EBITDA WAS EUR 60.9
MILLION.

Source text for Eikon:  ID:nGNE41cyF7 
Further company coverage:  SUY1V.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))