Suominen aims for efficiency through plant closure
By Rauli Juva
Suominen announced yesterday that it is closing one of the company’s two plants in Italy. The plant employs more than 10% of Suominen's personnel, making the move significant. We have updated our estimates for the one-off costs of the closure, but the comparable figures remain almost unchanged.
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Suominen is a manufacturing company. The company manufactures and develops a wide range of napkins, hygiene products, and medical applications. The production is based on non-woven fabrics that can be used for various purposes. Customers are found in a number of industries, with the largest operations in Europe and North America. The company is headquartered in Helsinki.
Read more on company pageKey Estimate Figures2023-01-11
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 443.2 | 497.9 | 517.8 |
growth-% | -3.42 % | 12.33 % | 4.00 % |
EBIT (adj.) | 26.9 | -2.2 | 20.0 |
EBIT-% (adj.) | 6.08 % | -0.45 % | 3.86 % |
EPS (adj.) | 0.31 | -0.05 | 0.24 |
Dividend | 0.20 | 0.00 | 0.10 |
Dividend % | 3.86 % | 4.00 % | |
P/E (adj.) | 16.75 | - | 10.38 |
EV/EBITDA | 7.35 | 16.88 | 5.32 |