Rauli has published a new company report after the negative outlook.
Suominen issued an expected profit warning regarding its results and stated that the full-year adjusted operating profit would fall short of the comparison period. The warning and the preliminary information provided on Q3 results were largely in line with our expectations. We slightly lowered our forecasts. We upgrade the recommendation to ‘reduce’ (previously ‘sell’) and lower the target price to 1.6 euros (previously 1.7e) due to slightly lower forecasts.