Suominen: Q2 results ruined by trade war - Evli

Suominen’s Q2 revenue dropped steeply as the tariff situation caused volatility in the US supply chain since customers stocked their inventories with supplies from China. This caused another major profitability headwind and the EUR 3.2m comparable EBITDA fell short of estimates. Suominen retains its guidance as the cost savings program delivers results, in addition to which sales margins were still improving at least in Q2.

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