Suominen - Nonwoven Manufacturer for the Wiping Segment

Here is a company report from Pauli regarding the rights issue. :slight_smile:

Suominen is currently conducting a rights issue. We have updated the impact of the offering into our forecasts, but our operational assumptions remain unchanged. The issue will fund Suominen’s turnaround program, which we believe will help the company return to profitability in the coming years following recent losses. However, even considering this, the valuation remains expensive. We reiterate our Reduce recommendation and adjust our target price to EUR 0.6 (previously EUR 0.62, adjusted for the share issue).

2 Likes