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Suominen reported robust earnings with comparable EBITDA margin rising to 16.1% and comparable EBITDA of EUR 18.5m exceeding consensus (Vara Research) by 22%. Guidance for this year’s EBITDA was repeated, as Suominen expects roughly unchanged EBITDA compared to 2020. Management sees strong demand to continue, but also notes that cost inflation is starting to show in the result in the coming months – this is essentially in line with our expectations.
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