Slide 1: Suominen Half-Year Financial Report January–June 2021
SUOMINEN HALF-YEAR FINANCIAL REPORT JANUARY–JUNE, 2021 August 13, 2021 Petri Helsky, President and CEO Toni Tamminen, CFO
Slide 2: Q2/2021 and H1/2021 in brief
Q2/2021 and H1/2021 in brief Q2/2021 • Net sales were EUR 113.6 million (122.2) • Comparable EBITDA was EUR 15.3 million (18.0) • Cash flow from operations was EUR 1.2 million (9.6) H1/2021 • Net sales were EUR 229.0 million (232.4) • Comparable EBITDA was EUR 33.8 million (29.3) • Cash flow from op
Slide 3: Net sales
Net sales Net sales, EUR million Net sales, EUR million 140 500 458.9 122.2 115.4 111.1 115.3 113.6 450 426.0 431.1 120 110.2 416.9 411.4 103.8 103.4 94.5 400 100 350 80 300 60 250 229.0 40 200 20 150 100 0 50 0 2016 2017 2018 2019 2020 H1/2021 • Net sales decreased by 7.0% and were EUR 113.6 millio
Slide 4: EBITDA
EBITDA EBITDA, EUR million EBITDA, EUR million 20 18.0 18.1 18.5 70 18 60.9 15.3 60 16 13.5 14 50 12 11.3 44.1 10 9.1 40 7.8 7.4 34.3 33.7 33.8 8 6 30 25.6 4 20 2 0 10 0 2016 2017 2018 2019 2020 H1/2021 2016-2018 EBITDA before application of IFRS 16 Leases • EBITDA was on a good level and reached EU
Slide 5: Consolidated statement of profit or loss
Consolidated statement of profit or loss 4-6/ 4-6/ 1-6/ 1-6/ 1-12/ EUR thousand 2021 2020 2021 2020 2020 Net sales 113,647 122,170 228,980 232,373 458,893 Cost of goods sold -96,913 -102,656 -192,038 -199,569 -389,123 Gross profit 16,733 19,514 36,941 32,803 69,770 Other operating income 863 785 1,7
Slide 6: Cash flow from operations
Cash flow from operations Cash flow from operations, EUR million Cash flow from operations, EUR million 60 57.0 25 20.1 50 20 17.9 17.4 16.0 40 15 32.1 29.9 30 28.5 9.1 9.4 9.6 10 22.2 20 17.1 5.7 5 10 1.2 0 0 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 2016 2017 2018 2019 2020 H1/2021 • C
Slide 7: Progress in H1/2021
Progress in H1/2021 • Our investment project to upgrade and restart an existing line in Cressa, Italy, neared completion and will be finalized during Q3/2021 • The two other investment projects, in Italy and in the US, are proceeding as planned and will be finalized during the second half of 2021 •
Slide 8: Outlook 2021
Outlook 2021 Suominen expects that its comparable EBITDA (earnings before interest, taxes, depreciation and amortization) in 2021 will decrease from 2020 due to the slowdown in the demand for nonwovens in the second half of 2021 as well as some continuing volatility in the raw material and transport
Slide 9: & Suominen ©9999 © BS
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Slide 10: Q3/2021 result publication
Q3/2021 result publication on October 28, 2021
Slide 11: Suominen – Pure Nordic Quality
Qa Suominen PURE NORDIC QUALITY