Q2 2022 Suominen Oyj Earnings Call Transcript
Good day, everybody, and welcome to Suominen's half-year financial report publication. My name is Emilia Peltola, and I'm heading Suominen's Communications and Investor Relations. Today, our President and CEO, Petri Helsky; and CFO, Toni Tamminen, presents the result. And after the presentation, there is time for questions. So, Petri, please.
Thank you, Emilia. So second quarter of this current year was challenging for us on sales. The revenue side, we reached EUR118 million, which was higher than in the same period last year. But unfortunately, on the EBITDA, we still remained at EUR1.9 million, which is, of course, significantly lower than in the comparison period last year when we had over EUR15 million.
The main reasons for the challenges for us also in the second quarter were the steep increase that we experienced in the raw materials. And the other big item for us was still the low market demand on our North American side of
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
