Suominen - Nonwoven Manufacturer for the Wiping Segment

Rauli has written a new company report on Suominen :slight_smile:

We believe that the increase in the price of oil-based raw materials will hit Suominen’s results in the coming quarters and keep the earnings level weak. Due to an already weak balance sheet and deteriorating forecasts, we believe the company will acquire equity financing this year. In this report, we added a hybrid bond to our forecasts. Due to lower forecasts, we lower our target price to 1.1 euros (previously 1.3e), but due to the sharp decline in the share price, we raise our recommendation to reduce (previously sell).

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