Suominen is continuing its efficiency-enhancement programs to generate cost savings, to continuously improve its operations and to increase sales based on its own product offering. In 2007, cost savings and efficiency-enhancement measures generated some €4 million. In 2008, the company’s aim is to achieve at least an equal result in efficiency-enhancement.
After the goodwill write-off, Suominen’s operating profit and result after taxes for 2007 were negative. The comparable underlying operating profit improved, but the underlying result after taxes was negative. Suominen’s goodwill after the write-off amounts to €26 million.