Suominen Oyj · OMXHEX:SUY1V
Suominen Oyj — Q4 2025 Earnings Presentation
24 slides from Suominen Oyj's earnings presentation, Jan 29, 2026
Slide 1: Q4 and Full Year 2025
SUOMINEN Q4 AND FULL YEAR 2025 Charles Héaulmé . President & CEO Janne Silonsaari , CFO January 29, 2026
Slide 2: Agenda
Agenda Q4 and full year 202 5 in brief Financial review Full Potential Program Operating model Outlook 202 6 Q&A 2 January 29, 2026
Slide 3: Q4 and full year 2025: Unsatisfactory performance in a challenging environment
Q 4 and full year 2025: Unsatisfactory performance in a challenging environment Q4/2025 • Net sales decreased by 20% and were EUR 95.3 million (Q4 2024: 118.5) • Comparable EBITDA was EUR 1.9 million (4.2) • Cash flow from operations was EUR 7.0 million (6.5) • Some US customers temporarily increase
Slide 4: Financial Review
FINANCIAL REVIEW
Slide 5: Full year net sales decreased by 11%
Full year n et sale s decreased by 11% Quarterly Net sales, EUR million Annual Net sales, EUR million 160 500 493.3 140 480 118.7 118.5 117.5 462.3 120 106.4 114.9 113.6 111.6 458.9 460 450.9 99.8 99.8 95.3 443.2 100 440 80 420 411.4 412.4 60 400 40 380 20 0 360 2019 2020 2021 2022 2023 2024 2025 Q3
Slide 6: Net Sales decrease driven by lower volume, Q3 incidents and currency impact
Net Sales decrease driven by lower volume, Q3 incidents and currency impact Q 4/ 2024 vs . Q 4/ 2025 , EUR million 2024 vs . 2025 , EUR million 140 500 462.3 450 120 118.5 412.4 - 29.7 - 8.2 400 - 12.0 100 - 15.6 95.3 350 - 2.8 - 4.8 300 80 250 60 200 150 40 100 20 50 0 0 Q4/2024 Organic Exceptional
Slide 7: Comparable EBITDA affected by exceptional incidents during Q3-Q4
Comparable EBITDA affected by exceptional incidents during Q3 - Q4 Comparable quarterly EBITDA, EUR million Comparable annual EBITDA, EUR million 6 70 5.2 5.3 60.9 5.0 5 60 4.5 4.2 4.1 50 47.0 4 3.3 3.4 3.2 40 33.7 3 30 1.9 2 20 15.3 15.8 17.0 12.6 1 10 0 0 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25
Slide 8: Consolidated statement of profit or loss
Consolidated statement of profit or loss EUR thousand 10-12/2025 10-12/2024 1-12/2025 1-12/2024 Net sales 95,338 118,510 412,433 462,318 Cost of goods sold -90,484 -110,979 -386,153 -432,589 Gross profit 4,855 7,531 26,280 29,729 Other operating income 668 2,209 2,619 4,952 Sales, marketing and admi
Slide 9: Cash flow from operations supported by net working capital
Cash flow from operations supported by net working capital Cash flow from operations, EUR million Cash flow from operations, EUR million 20.0 60 57.0 15.7 15.0 13.1 50 10.0 8.0 6.5 7.0 40 5.0 29.9 30.7 2.1 30 0.0 - 0.4 20 -5.0 - 2.2 - 2.6 14.0 11.1 12.2 10 -10.0 3.9 - 10.1 -15.0 0 2019 2020 2021 202
Slide 10: Full Potential Program
F ULL POTENTIAL PROGRAM
Slide 11: After years without growth and with significantly declining profitability, we must change the trajectory rapidly
After years without growth and with significantly declining profitability, we must change the trajectory rapidly Sales decline and profitability significant drop All stakeholders expect a turnaround - 4.4% 493 • Customers value Suominen as innovation 459 443 451 462 and sustainability leader, but in
Slide 12: Our transformation focuses on resetting profitability, then we will scale the business
Our transformation focuses on resetting profitability, then we will scale the business. Culture of accountability is fundamental to win Suominen Profitability How success will (EBITDA %) look like by 2030… Suominen Phase II Suominen will be: Suominen by 2030 • Zero - accident Phase I • Quality leade
Slide 13: Building the right Suominen to win requires three dimensions
Building the right Suominen to win requires three dimensions Three dimensions will enable us building One Suominen to win: • The right culture (behaviors) • The right focus on priorities (strategy) • The right operating model (organization) The right culture: Suominen culture of accountability Value
Slide 14: We start executing our Full Potential Program from 2026 to deliver on 3-year objectives
We start executing our Full Potential Program from 2026 to deliver on 3 - year objectives, tackling all areas without exception Fixed costs and operating model Deliverables 2028 Direct and indirect supply savings - Safety: zero accident - Growth with existing capacity Production efficiency and outpu
Slide 15: The transformation program will require focused investing in capabilities
The transformation program will require focused execution and invest ing in capabilities External expert consultants Internal capabilities TPM Kaizen experts in Management consultants for Strategic &Transformation operational excellence strategy, commercial capabilities to be strengthened support al
Slide 16: The right operating model: strengthening our organizational expertise and effectiveness
The right operating model: strengthening our organizational expertise and effectiveness The engine of successful From regional to functional ... to support Suominen’s business management organization... turnaround effectively • Dedicated focus on growth , customer management, and business CCTO devel
Slide 17: Suominen Leadership Team as of February 1, 2026
Suominen Leadership Team as of February 1, 2026 • Regional EVP role discontinued , Mark Ushpol to step down • New CCTO r ole (Chief Commercial and President & CEO Technology Officer) : sales, R&D and technology Charles Héaulmé • Broadened COO role : all factories, safety , CCTO COO CFO CPCO CSTO eng
Slide 18: Kimmo Raunio appointed Suominen CFO as of June 1, 2026
Kimmo Raunio appointed Suominen CFO as of June 1, 2026, latest Suominen has appointed Kimmo Raunio (M. Sc. (Tech), Industrial Engineering and Management) as the CFO and member of Suominen Leadership latest as of June 1, 2026. Until then, Suominen’s CFO Janne Silonsaari will continue in his current r
Slide 19: Our transformation focuses first on resetting profitability, then we will scale the business
Our transformation focuses first on resetting profitability, then we will scale the business Suominen Profitability While the short - term (EBITDA %) priority is resetting Suominen profitability, Suominen Phase II will also be Suominen establishing longer - by 2030 Phase I term strategy and 10%+ by
Slide 20: Outlook
OUTLOOK
Slide 21: Outlook for 2026
Outlook for 202 6 Suominen expects that its comparable EBITDA (earnings before interest, taxes, depreciation and amortization) in 2026 will improve from 2025. In 2025, Suominen’s comparable EBITDA was EUR 12.6 million. 21 January 29, 2026
Slide 22: Q&A
Q&A
Slide 23: Q1/2026 result publication on May 7, 2026
Q1/202 6 result publication on May 7, 202 6 Annual General Meeting on April 15, 2026 23 January 29, 2026
Slide 24: Suominen - Pure Nordic Quality
{—_ Suominen PURE NORDIC QUALITY