Suominen: Guidance for 2022 affected by destocking, supply chain issues and high costs - Nordea

Suominen Q4 2021 comparable EBITDA of EUR 9.0m improved clearly from the previous quarter, but came in 28% below consensus (Vara Research) of EUR 12.6m. Management sees the start of 2022 affected by destocking, supply chain challenges and high costs, and due to the challenges affecting especially Q1 2022, it guides 2022 EBITDA to decline from EUR 47m in 2021. Management expects demand to stabilise from Q2 onwards and end consumer demand to remain above pre-pandemic levels.

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