09.13.18
In its half-year report, disclosed on August 3, 2018, Suominen expected that for the full year 2018, its net sales will improve from 2017 and its comparable operating profit will be at the level of 2017.
Due to slower than expected impacts of the actions taken in the 3P profitability improvement program, as well as the continued increase of raw material prices, Suominen decreases its estimate regarding the net sales and operating profit development. Suominen expects that for the full year 2018, its net sales will be at the level of 2017 and its comparable operating profit will be significantly lower than in 2017.
In 2017, Suominen’s net sales amounted to €426 million and operating profit to €15 million. In financial year 2017 Suominen had no items affecting the comparability of the operating profit.
Due to slower than expected impacts of the actions taken in the 3P profitability improvement program, as well as the continued increase of raw material prices, Suominen decreases its estimate regarding the net sales and operating profit development. Suominen expects that for the full year 2018, its net sales will be at the level of 2017 and its comparable operating profit will be significantly lower than in 2017.
In 2017, Suominen’s net sales amounted to €426 million and operating profit to €15 million. In financial year 2017 Suominen had no items affecting the comparability of the operating profit.
