Finland's Suominen Q2 sales rise on higher production volumes

Suominen Oyj

07/08/2026 07:13

Overview
Finland nonwovens maker's Q2 net sales rose 5.8% yr/yr to EUR 105.6 mln
Comparable EBITDA improved to EUR 4.3 mln from EUR 3.2 mln a year ago
Company completed oversubscribed rights issue to strengthen balance sheet

Outlook
Suominen expects 2026 comparable EBITDA to improve from 2025's EUR 12.6 mln
Company says nonwoven market demand remains stable but geopolitical instability continues to disrupt supply
Suominen is executing a profitability program targeting a 10% EBITDA margin

Result Drivers
HIGHER PRODUCTION VOLUMES - Co said Q2 net sales growth was supported by increased production volumes
OPERATIONAL EFFICIENCY - Early improvements in operational efficiency contributed to Q2 net sales growth
FIXED COST REDUCTION - Comparable EBITDA improvement was supported by reduction of fixed costs and early benefits from profitability improvement program

Company press release: ID:nGNE6ZLFzz

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
EUR 105.60 mln
 
Q2 Net Loss
 
EUR 3 mln
 
Q2 EBIT
 
-EUR 1.80 mln
 
Q2 EBITDA
 
EUR 2.30 mln
 
Q2 Loss Per Basic Share
 
EUR 0.03
 

Analyst Coverage
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", no "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the textiles & leather goods peer group is "buy."
Wall Street's median 12-month price target for Suominen Oyj is €0.61, about 12.8% below its August 6 closing price of €0.70

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)