Home› Investors›Suominen as an investment Suomeksi In English About us ▾ Products ▾ Investors ▾ Sustainability ▾ Careers ▾ Media ▾ Contacts Suominen as an investment Suominen as an investment Why to invest in Suominen Financial targets Outlook Analysts Consensus estimates Why to invest in Suominen Nonwovens markets are growing in all regions Healthy profitability, balance sheet and cash flow Legislation and consumer behavior are driving the need for more sustainable products and we are very well placed to respond to this growing demand The new organization and strategy give us an excellent basis to continue to develop the company further Financial targets Suominen's Board of Directors has set the following financial targets for the strategy period 2020-2025: Net sales growth during the period: above relevant market growth EBITDA margin by 2025: above 12% Gearing during the period: 40-80%, including the effect of IFRS 16 Leases Suominen’s progress in the financial targets is reviewed on an annual basis. To learn more about Suominen's financial figures, please have a look at the company's financial reports. Outlook Outlook for 2021 28.10.2021 Suominen repeats its outlook for 2021 but in light of the volatility of the markets and Suominen’s results, gives further detail on the outlook. Suominen expects that its comparable EBITDA (earnings before interest, taxes, depreciation and amortization) in 2021 will decrease from 2020 due to the slowdown in the demand for nonwovens in the second half of 2021 as well as some continuing volatility in the raw material and transportation markets and will amount to EUR 47–53 million. In 2020, Suominen’s comparable EBITDA was EUR 60.9 million. 13.8.2021 Suominen repeats its estimate, disclosed on August 12, 2021, and expects that its comparable EBITDA (earnings before interest, taxes, depreciation and amortization) in 2021 will decrease from 2020 due to the slowdown in the demand for nonwovens in the second half of 2021 as well as some continuing volatility in the raw material and transportation markets. In 2020, Suominen’s comparable EBITDA was EUR 60.9 million. 12.8.2021 Suominen expects that its comparable EBITDA (earnings before interest, taxes, depreciation and amortization) in 2021 will decrease from 2020 due to the slowdown in the demand for nonwovens in the second half of 2021 as well as some continuing volatility in the raw material and transportation markets. In 2020, Suominen’s comparable EBITDA was EUR 60.9 million. 28.4.2021 Suominen repeats its estimate, disclosed on February 4, 2021, and expects that its comparable EBITDA (earnings before interest, taxes, depreciation and amortization) in 2021 will be in line with 2020. The demand for nonwovens is expected to remain strong, however the rising volatility in the raw material and transportation markets increases uncertainty and may impact the result negatively. In 2020, Suominen’s comparable EBITDA was EUR 60.9 million. 4.2.2021 Suominen expects that its comparable EBITDA (earnings before interest, taxes, depreciation and amortization) in 2021 will be in line with 2020. The demand for nonwovens is expected to remain strong, however the rising volatility in the raw material and transportation markets increases uncertainty and may impact the result negatively. In 2020, Suominen’s comparable EBITDA was EUR 60.9 million. Outlook for 2020 27.10.2020 Suominen repeats its estimate, disclosed on June 17, 2020, and expects that in 2020 its comparable operating profit will improve significantly from 2019. In 2019, Suominen’s operating profit amounted to EUR 8.1 million. In financial years 2020 and 2019 Suominen had no items affecting the comparability of the operating profit. 12.8.2020 Suominen repeats its estimate, disclosed on June 17, 2020, and expects that in 2020 its comparable operating profit will improve significantly from 2019. In 2019, Suominen’s operating profit amounted to EUR 8.1 million. In financial years 2020 and 2019 Suominen had no items affecting the comparability of the operating profit. 17.6.2020 Suominen expects that in 2020 its comparable operating profit will improve significantly from 2019. In 2019, Suominen’s operating profit amounted to EUR 8.1 million. In financial years 2020 and 2019 Suominen had no items affecting the comparability of the operating profit. 23.4.2020 Suominen expects that in 2020 its comparable operating profit will improve clearly from 2019. However, it should be noted that the result estimate for the second half of the year is uncertain due to the COVID-19 pandemic. In 2019, Suominen’s operating profit amounted to EUR 8.1 million. In financial years 2020 and 2019 Suominen had no items affecting the comparability of the operating profit. 29.1.2020 Suominen gave its long term net sales target for the strategy period 2020–2025 on January 8, 2020, which is that our net sales growth will be above relevant market growth. Suominen will no longer give short-term net sales guidance.Suominen expects that in 2020, its comparable operating profit will improve from 2019. In 2019, Suominen’s operating profit amounted to EUR 8.1 million. In financial years 2019 and 2018 Suominen had no items affecting the comparability of the operating profit. Outlook for 2019 22.10.2019 Suominen repeats its estimate, disclosed on January 31, 2019, and expects that its net sales will be at the level of 2018 and comparable operating profit, excluding the positive effect of applying IFRS 16 Leases, will improve from 2018. In 2018, Suominen’s net sales amounted to EUR 431.1 million and operating profit to EUR 4.6 million. 7.8.2019 Suominen repeats its estimate, disclosed on January 31, 2019, and expects that its net sales will be at the level of 2018 and comparable operating profit, excluding the positive effect of applying IFRS 16 Leases, will improve from 2018. In 2018, Suominen’s net sales amounted to EUR 431.1 million and operating profit to EUR 4.6 million. 24.4.2019 Suominen repeats its estimate, disclosed on January 31, 2019, and expects that its net sales will be at the level of 2018 and comparable operating profit, excluding the positive effect of applying IFRS 16 Leases, will improve from 2018. In 2018, Suominen’s net sales amounted to EUR 431.1 million and operating profit to EUR 4.6 million. 31.1.2019 Suominen expects that in 2019, its net sales will be at the level of 2018 and comparable operating profit, excluding the positive effect of applying IFRS 16 Leases, will improve from 2018. In 2018, Suominen’s net sales amounted to EUR 431.1 million and operating profit to EUR 4.6 million. Outlook for 2018 25 October 2018 Suominen expects that in 2018, its net sales will be at the level of 2017 and its comparable operating profit will be significantly lower than in 2017. In 2017, Suominen’s net sales amounted to EUR 426.0 million and operating profit to EUR 15.0 million. 13 September 2018 Suominen decreases its estimate regarding the net sales and operating profit development. Suominen expects that for the full year 2018, its net sales will be at the level of 2017 and its comparable operating profit will be significantly lower than in 2017. In 2017, Suominen’s net sales amounted to EUR 426.0 million and operating profit to EUR 15.0 million 3 August 2018 Suominen specifies its outlook and expects that in 2018, its net sales will improve from 2017 and its comparable operating profit will be at the level of 2017. Earlier Suominen estimated that its net sales and comparable operating profit will improve from 2017. In 2017, Suominen’s net sales amounted to EUR 426.0 million and operating profit to EUR 15.0 million. 26 April 2018 Suominen repeats its estimate, disclosed on 30 January 2018, and expects that in 2018, its net sales and comparable operating profit will improve from 2017. In 2017, Suominen’s net sales amounted to EUR 426.0 million and operating profit to EUR 15.0 million. 30 January 2018 Suominen expects that in 2018, its net sales and comparable operating profit will improve from 2017. In 2017, Suominen’s net sales amounted to EUR 426.0 million and operating profit to EUR 15.0 million. Outlook for 2017 27 October 2017 Suominen repeats its estimate, disclosed on 9 August 2017, and expects that for the full year 2017, its net sales will improve from year 2016 but its comparable operating profit will fall short of the 2016 level. In 2016, Suominen’s net sales amounted to EUR 416.9 million and comparable operating profit to EUR 25.6 million. 9 August 2017 Suominen repeats its revised estimate disclosed on 20 July 2017 and expects that for the full year 2017, its net sales will improve from year 2016 but its comparable operating profit will fall short of the 2016 level. In 2016, Suominen’s net sales amounted to EUR 416.9 million and comparable operating profit to EUR 25.6 million. 20 July 2017 Suominen revised its estimate regarding the operating profit development and expects that for the full year 2017, its net sales will improve from year 2016 but its comparable operating profit will fall short of the 2016 level. In 2016, Suominen’s net sales amounted to EUR 416.9 million and comparable operating profit to EUR 25.6 million. 26 April 2017 Suominen repeats its estimate disclosed on 31 January 2017 and expects that for the full year 2017, its net sales will improve from year 2016. Also the comparable operating profit is estimated to improve from year 2016, provided that the new production line at the Bethune plant will be started up as planned. In 2016, Suominen’s net sales amounted to EUR 416.9 million and comparable operating profit to EUR 25.6 million. 31 January 2017 Suominen expects that for the full year 2017, its net sales will improve from year 2016. Also the comparable operating profit is estimated to improve from year 2016, provided that the new production line at the Bethune plant will be started up as planned. In 2016, Suominen’s net sales amounted to EUR 416.9 million and comparable operating profit to EUR 25.6 million. Outlook for 2016 On 27 October 2016, Suominen repeated its previous estimate that it expects that for the full year 2016, its net sales and comparable operating profit will not reach the level of year 2015. On 20 September 2016, Suominen revised its outlook and announced that it expects that for the full year 2016, its net sales and comparable operating profit will not reach the level of year 2015. On 9 August 2016, Suominen repeated its previous estimate that for the full year 2016 the company expects its net sales and comparable operating profit to improve from year 2015. In 2015, Suominen’s net sales amounted to EUR 444.0 million and comparable operating profit to EUR 31.2 million. The calculation of comparable operating profit equals to the calculation of previously reported operating profit excluding non-recurring items. On 28 April 2016, Suominen repeated it previous estimate that for the full year 2016, its net sales and operating profit excluding non-recurring items will improve from year 2015. In 2015, Suominen’s net sales amounted to EUR 444.0 million and operating profit excluding non-recurring items to EUR 31.2 million. On 29 January 2016, Suominen announced that it expects that for the full year 2016, its net sales and operating profit excluding non-recurring items will improve from year 2015. In 2015, Suominen’s net sales amounted to EUR 444.0 million and operating profit excluding non-recurring items to EUR 31.2 million. The non-recurring items are explained in the disclosures of this Financial Statement release. Outlook for 2015 On 26 October 2015, Suominen specifies its guidance regarding operating profit for 2015. The company expects that for the full year 2015, operating profit from continuing operations excluding non-recurring items will improve markedly from year 2014. Previously, Suominen estimated that for the full year 2015, its operating profit excluding non-recurring items from continuing operations would improve from year 2014. For net sales, Suominen repeats its previous estimate, disclosed on 17 July 2015, that for the full year 2015 the company expects its net sales for continuing operations to improve from year 2014. Suominen’s net sales of the continuing operations in 2014 amounted to EUR 401.8 million and operating profit excluding non-recurring items was EUR 26.9 million. On 17 July 2015, Suominen repeats its previous estimate, disclosed on 27 April 2015, that for the full year 2015 the company expects its net sales and operating profit excluding non-recurring items to improve from year 2014. In 2014, Suominen’s net sales amounted to EUR 401.8 million and operating profit excluding nonrecurring items to EUR 26.9 million. On 27 April 2015, Suominen repeats its previous estimate, disclosed on 30 January 2015, that for the full year 2015 the company expects its net sales and operating profit excluding non-recurring items to improve from year 2014. In 2014, Suominen’s net sales amounted to EUR 401.8 million and operating profit excluding non-recurring items to EUR 26.9 million. Suominen repeats its previous estimate, disclosed on 30 January 2015, that for the full year 2015 the company expects its net sales and operating profit excluding non-recurring items to improve from year 2014. In 2014, Suominen’s net sales amounted to EUR 401.8 million and operating profit excluding non-recurring items to EUR 26.9 million. On 30 January 2015, Suominen announced its outlook for 2015. Suominen expects that for the full year 2015, its net sales and operating profit excluding non-recurring items will improve from year 2014. In 2014, Suominen’s net sales amounted to EUR 401.8 million and operating profit excluding non-recurring items to EUR 26.9 million. Outlook for 2014 On 24 October 2014, Suominen updates its outlook statement regarding operating profit. The company expects that for the full year 2014, its operating profit excluding non-recurring items from continuing operations will increase to the vicinity of EUR 25 million. Previously Suominen estimated that its operating profit excluding non-recurring items from continuing operations will improve from year 2013 (MEUR 19.4; Nonwovens segment and unallocated items). Concerning net sales, Suominen repeats its estimate announced on 18 July 2014, according to which the company expects that for the full year 2014, its net sales of the continuing operations will improve from year 2013 (MEUR 373.7) On 18 July 2014, Suominen repeats its estimate, announced on 11 July 2014, according to which Suominen expects that for the full year 2014, its net sales and operating profit excluding non-recurring items from continuing operations will improve from year 2013. Suominen’s net sales of the continuing operations (Nonwovens segment and unallocated items) in 2013 amounted to MEUR 373.7 and operating profit excluding non-recurring items was MEUR 19.4 (revised). Earlier, the comparison figures used in the outlook statement were, respectively, MEUR 433.1 and MEUR 18.3, as reported in the Financial Statements of 2013. On 11 July 2014, due to the divestment of Flexibles business area, Suominen restated the comparison figures in its outlook statement to reflect the continuing business of the Group. Suominen expects that for the full year 2014, its net sales and operating profit excluding non-recurring items from continuing operations will improve from year 2013. Suominen’s net sales of the continuing operations in 2013 amounted to MEUR 373.7 and operating profit excluding non-recurring items was MEUR 19.0. Both figures refer to continuing operations and include Nonwovens segment and unallocated items. Earlier, the comparison figures used in the outlook statement were, respectively, MEUR 433.1 and MEUR 18.3, as reported in the Financial Statements of 2013. On 29 April 2014, Suominen repeated its previous estimate, disclosed on 10 February 2014, that its net sales and operating profit excluding non-recurring items for the full year 2014 improve from year 2013. In 2013, the net sales were EUR 433.1 million and the reported operating profit excluding non-recurring items EUR 18.3 million (continuing operations). On 10 Febrary 2014, based on the closing of the acquisition of Paulínia plant in Brazil from Ahlstrom Corporation, Suominen raised its net sales outlook for 2014. Suominen estimates that its net sales and operating profit excluding non-recurring items for the full year 2014 improve from year 2013. In 2013, Suominen’s net sales were EUR 433.1 million and operating profit excluding non-recurring items was EUR 18.3 million (continuing operations). On 30 January 2014, Suominen announced that with the current group structure, Suominen expects its group net sales for the full year 2014 to remain at the level of 2013. Operating profit excluding non-recurring items is expected to improve from year 2013. In 2013, Suominen’s net sales were EUR 433.1 million and operating profit excluding non-recurring items was EUR 18.3 million (continuing operations) Outlook for 2013 On 23 October 2013, Suominen repeated its previous estimate, announced on 17 July 2013, according to which Suominen expects its net sales of the continuing operations for the full year 2013 to remain at or slightly exceed the level of 2012. Operating profit excluding non-recurring items is expected to improve from year 2012. In 2012, Suominen’s net sales from continuing operations were EUR 410.4 million. Group operating profit excluding non-recurring items, as reported in the Financial Statements of 2012, was EUR 13.7 million. Analysts The analysts listed below follow the development of Suominen. The list may be incomplete. Suominen assumes no responsibility for the analysts’ assessments. Evli Bank Joonas Ilvonen +358 44 430 9071 joonas.ilvonen@evli.com See all Evli's analyses on Suominen Inderes Antti Viljakainen +358 44 591 2216 antti.viljakainen@inderes.com Nordea Harri Taittonen +358 50 349 2110 harri.taittonen@nordea.com Consensus estimates By clicking on the “I agree” button below, you will be transferred to a page that contains information provided by Vara Research GmbH. The content is provided and maintained by Vara Research GmbH, and Suominen has no control over the content, quality, nature or reliability of this page. Any liability of Suominen as to the content, accuracy or completeness of the information received through the web page is hereby excluded. The information provided by Vara Research GmbH is based on estimates and forecasts of analysts following Suominen, without input from Suominen. 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