Suominen Oyj · OMXHEX:SUY1V
Suominen Oyj — Q1 2021 Earnings Presentation
11 slides from Suominen Oyj's earnings presentation, Apr 28, 2021
Slide 1: Suominen Q1/2021
SUOMINEN Q1/2021 Petri Helsky, President and CEO Toni Tamminen, CFO April 28, 2021
Slide 2: Q1/2021 in brief
Q1/2021 in brief • EBITDA improved significantly to EUR 18.5 million (11.3) • Net sales increased by 5% and amounted to EUR 115.3 million (110.2) • Cash flow from operations improved to EUR 16.0 million (9.4) IMPACTS OF THE COVID-19 PANDEMIC • The COVID-19 pandemic has increased sales volumes in all
Slide 3: Net sales
Net sales Net sales, EUR million Net sales, EUR million 140 500 458.9 122.2 115.4 115.3 450 426.0 431.1 120 109.8 110.2 111.1 416.9 411.4 103.8 103.4 94.5 400 100 350 80 300 60 250 40 200 20 150 115.3 100 0 50 0 2016 2017 2018 2019 2020 Q1/2021 • Net sales increased by 5.0% and were EUR 115.3 millio
Slide 4: EBITDA
EBITDA EBITDA, EUR million EBITDA, EUR million 20 17.9 18.1 18.5 70 18 60.9 60 16 13.5 14 50 12 11.3 44.1 10 9.3 9.1 40 7.8 7.4 34.3 33.7 8 6 30 25.6 4 18.5 20 2 0 10 0 2016 2017 2018 2019 2020 Q1/2021 2016-2018 EBITDA before application of IFRS 16 Leases • EBITDA improved significantly to EUR 18.5
Slide 5: Consolidated statement of profit or loss
Consolidated statement of profit or loss EUR thousand 1-3/2021 1-3/2020 1-12/2020 Net sales 115,333 110,203 458,893 Cost of goods sold -95,125 -96,914 -389,123 Gross profit 20,208 13,289 69,770 Other operating income 845 552 2,584 Sales, marketing and administration expenses -6,622 -7,144 -27,946 Re
Slide 6: Cash flow from operations improved
Cash flow from operations improved Cash flow from operations, EUR million Cash flow from operations, EUR million 60 57.0 25 20.1 20 17.9 50 17.4 16.0 15 40 32.1 9.1 9.4 9.6 29.9 10 30 28.5 5.7 22.2 5 20 16.0 0 10 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 -5 -2.4 0 2016 2017 2018 2019 202
Slide 7: In Q1/2021
In Q1/2021 • The three investment projects supporting our strategy that we announced last year, two in Italy and one in the USA, are proceeding as planned and will be finalized during the second half of 2021 • Minority share of Amerplast was sold. This impacted positively our net financial expenses
Slide 8: Outlook 2021 unchanged
Outlook 2021 unchanged Suominen expects that its comparable EBITDA (earnings before interest, taxes, depreciation and amortization) in 2021 will be in line with 2020. The demand for nonwovens is expected to remain strong, however volatility in the raw material and transportation markets has increase
Slide 9: &; suominen
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Slide 10: Consensus estimates available on suominen.fi
Q2/2021 Consensus result estimates publication available on on August 13, suominen.fi 2021
Slide 11: Suominen
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