Suominen (SUY1V) Q3 2025 earnings summary

Executive summary

• Q3 2025 profitability was significantly impacted by exceptional events at two US factories, including equipment failure and flooding, resulting in a combined negative impact of EUR 2.8 million on results and a reduced outlook for the year.

• Net sales for Q3 2025 declined 11% year-over-year to EUR 99.8 million, with a nine-month total of EUR 317.1 million, mainly due to lower volumes from US incidents and negative currency effects.

• Comparable EBITDA for Q3 2025 was EUR 3.4 million (up from EUR 3.3 million in Q3 2024), but would have exceeded EUR 6 million excluding exceptional events.

• Cash flow from operations improved significantly to EUR 15.7 million in Q3 2025, driven by improved working capital management.

• Leadership changes included the appointment of Charles Héaulmé as President & CEO in August 2025 and François Guetta as COO effective November 2025.

Financial highlights

• Q3 2025 net sales: EUR 99.8 million (down 11% year-over-year); nine-month net sales: EUR 317.1 million (down 8%).

• Comparable EBITDA for Q3 2025: EUR 3.4 million (Q3 2024: EUR 3.3 million); nine months: EUR 10.7 million (down from EUR 12.8 million year-over-year).

• Cash flow from operations: EUR 15.7 million in Q3 2025; EUR 5.2 million for the nine months.

• Profit for Q3 2025: EUR -1.9 million; EPS: EUR -0.03.

• Gross capital expenditure for the nine months was EUR 17.0 million, mainly for growth investments in the US and Spain.

Outlook and guidance

• Full-year 2025 comparable EBITDA is now expected to be lower than 2024 (EUR 17.0 million), reflecting the impact of exceptional events and cautious Q4 expectations.

• Q4 is typically a seasonally weaker quarter, with ongoing ramp-up after US incidents and short-term customer demand allocation expected to be slightly unfavorable.

• Pricing is expected to remain stable in Q4 amid a competitive environment.

• Slower-than-expected market recovery and plant incidents prompted the outlook revision.