Suominen (SUY1V) Q2 2025 earnings summary

Executive summary

• Net sales in Q2 2025 decreased by 16% to EUR 99.8 million year-over-year; H1 2025 net sales were EUR 217.3 million, down from EUR 232.3 million.

• Comparable EBITDA for Q2 2025 was EUR 3.2 million, down from EUR 5.0 million; H1 2025 comparable EBITDA was EUR 7.3 million, down from EUR 9.5 million.

• Cash flow from operations was negative at EUR -10.1 million in Q2 2025 and EUR -10.5 million for H1 2025.

• Profitability was impacted by lower sales volumes, US tariff-driven inventory build-ups, and costs related to CEO transition.

• Charles Héaulmé appointed as new President and CEO, effective August 11, 2025.

Financial highlights

• Q2 2025 net sales: EUR 99.8 million (down 16% year-over-year); H1 2025: EUR 217.3 million (down from EUR 232.3 million year-over-year).

• Comparable EBITDA in Q2 2025: EUR 3.2 million (down from EUR 5.0 million); H1 2025: EUR 7.3 million (down from EUR 9.5 million).

• Q2 2025 operating profit: EUR -1.6 million; H1 2025: EUR -1.9 million.

• Q2 2025 earnings per share: EUR -0.07; H1 2025 EPS: EUR -0.11.

• EUR 10.3 million tied in working capital in Q2 2025, compared to EUR 1.2 million in Q2 2024.

Outlook and guidance

• Comparable EBITDA for 2025 expected to improve from 2024, when it was EUR 17.0 million.

• Majority of cost saving actions to be implemented by year-end; gradual market recovery anticipated.