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Extensive research

Suominen: Markets will remain challenging for some time

By Rauli JuvaAnalyst
Suominen
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Suominen’s earnings should finally start to improve in H223 and onwards. However, the oversupply in the markets is likely to hinder Suominen at least through 2024 as well, and we only see a more normalized earnings level in 2025, which is still way below the company’s targets. We feel the valuation is on the high side compared to the earnings potential.

Suominen is a manufacturing company. The company manufactures and develops a wide range of wipes, hygiene products and medical applications. The manufacturing is based on non-woven fabrics that can be used for various purposes. Customers are found in several industries, with the largest operations in Europe and North America. The company has its headquarters in Helsinki.

Read more on company page

Key Estimate Figures2023-09-18

202223e24e
Revenue493.3466.3461.6
growth-%11.3 %-5.5 %-1.0 %
EBIT (adj.)-4.21.315.0
EBIT-% (adj.)-0.8 %0.3 %3.2 %
EPS (adj.)-0.16-0.080.15
Dividend0.100.100.15
Dividend %3.3 %6.1 %9.2 %
P/E (adj.)neg.neg.10.7
EV/EBITDA15.89.55.0

Forum discussions

A miserable Q4 from Suominen today: revenue fell sharply and adj. EBITDA was less than half of expectations. As expected, the company announced...
6 hours ago
by Rauli_Juva
2
Let’s mention here that since the current Chairman of the Board, Heaulme, has stepped up as CEO, the leadership of the board will naturally ...
1/26/2026, 11:20 AM
by Rauli_Juva
1
Here are the preview comments from Rauli ahead of Suominen’s Q4 result on Jan 29. Suominen will report its Q4 results on Thursday, January 29...
1/22/2026, 5:45 AM
by Sijoittaja-alokas
2
I agree, and it’s definitely worth listening to if Suominen interests you at all. I don’t know if even Charles can turn this around, but at ...
10/30/2025, 7:42 AM
by Rauli_Juva
3
Rauli has prepared a new company report following Suominen’s Q3. Suominen’s Q3 report contained limited new information after the preliminary...
10/30/2025, 7:37 AM
by Sijoittaja-alokas
1
An impressive performance by Charles Héaulmé. It instilled confidence in the future. I bought Suominen shares. Seems like a good value - strong...
10/29/2025, 7:57 PM
2
Rauli interviewed Suominen’s new CEO Charles Héaulmé regarding Q3 Inderes Suominen Q3'25: Scaling company to the next level - Inderes Aika: ...
10/29/2025, 3:17 PM
by Sijoittaja-alokas
2
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