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Suominen: ATH margins in Q1, cost inflation picking up - Nordea

Suominen's solid Q1 earnings reflected strong demand growth and also the first signs of cost inflation starting to pick up. We raise our EBIT estimates by 8%, even allowing for margins declining in Q2-Q4 from the record-high level in Q1, due to estimated variable cost inflation of 7% for this year. Marketing material commissioned by Suominen Oyj.

Suominen's solid Q1 earnings reflected strong demand growth and also the first signs of cost inflation starting to pick up. We raise our EBIT estimates by 8%, even allowing for margins declining in Q2-Q4 from the record-high level in Q1, due to estimated variable cost inflation of 7% for this year. Marketing material commissioned by Suominen Oyj.
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