Suominen Corporation's Q1 2024 interim report shows gradual profitability improvement with EBITDA at 3.9%.
Suominen Corporation's Q1 2024 interim report reveals gradual improvement in profitability. Net sales decreased to €113.6M, but EBITDA improved to 3.9%, with comparable EBITDA at €4.5M. Operating profit dipped to 0.1%, while profit for the period was negative at -€1.0M. Cash flow from operations was -€2.2M, with a gearing of 39%. The company attributes the gradual improvement to various factors.
May 07, 2024
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