Finland · Delayed Price · Currency is EUR Suominen Oyj Earnings Call Transcripts
Fiscal Year 2026
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Net sales fell 19% year-over-year in Q1 2026 due to lower volumes and currency effects, but operational recovery and cost-saving programs are underway. The Full Potential Program targets a 10% EBITDA margin by 2028, with improved volumes and new capacity expected to support profit growth.
Fiscal Year 2025
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Q4 and full year 2025 saw double-digit sales and EBITDA declines due to U.S. plant disruptions and market headwinds. A three-year Full Potential program was launched to restore profitability, with major investments planned for operational upgrades and a new leadership structure.
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Q3 results were impacted by exceptional U.S. factory incidents, leading to an 11% sales decline and EUR 2.8 million in one-time costs. Cost-saving measures are on track, but full-year EBITDA is expected to be lower than last year due to ongoing operational and market challenges.
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Q2 net sales fell 16% year-over-year to €99.8 million, with comparable EBITDA down to €3.2 million, mainly due to U.S. tariffs and market uncertainty. A €10 million cost-saving program is underway, and a new CEO starts in August. Outlook anticipates EBITDA improvement in 2025.
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Net sales grew 3.4% year-over-year to EUR 117.5 million, but EBITDA declined due to higher costs and currency impacts. A EUR 10 million cost-saving program was launched, with benefits expected in H2 2025. U.S. tariffs and global trade volatility remain key risks.
Fiscal Year 2024
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Q4 net sales rose 3% year-over-year, with full-year EBITDA up 8% to EUR 17 million. Major investments in North America and Europe are on track, while no dividend is proposed for 2024 to support cash. 2025 EBITDA is expected to improve amid ongoing market uncertainty.
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Sales volumes, prices, and margins improved year-over-year, but Q3 EBITDA was hit by €3 million in operational disruptions. Full-year EBITDA is still expected to surpass last year, with corrective actions stabilizing operations and a new production line planned for 2025.