Suominen: Earnings turnaround already priced in the share

By Inderes
Suominen’s Q3 result improved from the comparison period and especially from the weak level earlier in the year but fell short of our forecasts. Guidance of improving adjusted EBITDA in the full year was reiterated. We lowered our forecasts again, but believe that the company will achieve the guidance. However, we feel that the share is already pricing a much better future, some type of normal earnings level, which we only expect the company to achieve in 2025.