Bildkälla: Stockfoto

Suominen: Q4 EBITDA of EUR 5m misses estimates, guidance suggests improving earnings in 2023 - Nordea

Suominen’s Q4 comparable EBITDA of EUR 5m remained unchanged from previous quarter and missed consensus (Vara) estimate of EUR 6.9m, but cash flow was stronger than we anticipated owing to release of working capital. Guidance suggests improving earnings in 2023, which is well factored in consensus of EUR 37m for 2023 vs EUR 15m in 2022. Management suggests cost inflation has progressed past its peak, and that inventory situation in the US has normalized, which should offer building blocks for a recovery in earnings.

Suominen’s Q4 comparable EBITDA of EUR 5m remained unchanged from previous quarter and missed consensus (Vara) estimate of EUR 6.9m, but cash flow was stronger than we anticipated owing to release of working capital. Guidance suggests improving earnings in 2023, which is well factored in consensus of EUR 37m for 2023 vs EUR 15m in 2022. Management suggests cost inflation has progressed past its peak, and that inventory situation in the US has normalized, which should offer building blocks for a recovery in earnings.
Börsvärldens nyhetsbrev
ANNONSER