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SENASTE
Suominen reported slightly lower comparable EBITDA than expected, but reiterated its guidance for improving earnings in 2023 vs 2022, which also implies earnings improvement in H2 compared to H1. Cash flow of EUR 6m was boosted by release in working capital. We anticipate consensus estimates to decline from the current EUR 28m, but continue to foresee earnings momentum to improve from the low levels in H1.
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