Spinnova Oyj (HEL:SPINN)
Finland · Delayed Price · Currency is EUR 0.4300
-0.0100 (-2.27%)
Jun 8, 2026, 11:14 AM EET
Spinnova Oyj Earnings Call Transcripts
Fiscal Year 2024
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Revenue dropped sharply as major technology deliveries concluded, but operating loss improved due to cost savings. Focus shifts to validating process efficiency with Suzano, expanding technology sales, and maintaining a strong cash position amid robust long-term demand for sustainable fibers.
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Revenue declined year-over-year due to project timing, but operating losses narrowed on cost savings. Strategic partnerships and product launches advanced technology validation and market entry, with a strong cash position and no need for external funding.