Suominen (SUY1V) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 increased by 3.4% year-over-year to EUR 117.5 million, driven by higher prices and a favorable sales mix despite lower volumes and market volatility.

• Comparable EBITDA declined to EUR 4.1 million from EUR 4.5 million, mainly due to increased operating expenses and negative currency impacts.

• Cash flow from operations improved to EUR -0.4 million from EUR -2.2 million, impacted by higher working capital needs.

• Profit for the period was EUR -2.2 million, compared to EUR -1.0 million a year earlier.

• A cost-saving program targeting EUR 10 million in savings over two years was announced, expected to affect up to 60 positions globally.

Financial highlights

• Net sales: EUR 117.5 million (up 3.4% year-over-year).

• Comparable EBITDA: EUR 4.1 million (down from EUR 4.5 million year-over-year); margin 3.5%.

• Operating profit: EUR -0.3 million (Q1 2024: EUR 0.1 million).

• Profit for the period: EUR -2.2 million (Q1 2024: EUR -1.0 million).

• Cash flow from operations: EUR -0.4 million (Q1 2024: EUR -2.2 million).

Outlook and guidance

• Comparable EBITDA for 2025 is expected to improve from 2024’s EUR 17 million.

• Cost-saving program impacts are expected in the second half of 2025, supporting improved earnings guidance.