Suominen Corporation’s Half-Year Financial Report for January 1 – June 30, 2025: Performance impacted by trade environment, cost saving program progressing

Core Insights - Suominen Corporation's half-year financial report indicates a decline in net sales and profitability due to market volatility and increased costs associated with a CEO transition and ongoing investments [1][3][6] Financial Performance - In Q2 2025, net sales decreased by 16% to EUR 99.8 million compared to EUR 118.7 million in Q2 2024 [6][7] - Comparable EBITDA for Q2 2025 was EUR 3.2 million, down from EUR 5.0 million in Q2 2024, reflecting lower sales volumes and additional expenses related to the CEO change [10][11] - Cash flow from operations was negative at EUR -10.1 million in Q2 2025, compared to EUR 2.1 million in Q2 2024 [6][16] - For the first half of 2025, net sales totaled EUR 217.3 million, a 6% decrease from EUR 232.3 million in H1 2024 [9][14] Operational Developments - A cost-saving program was initiated targeting approximately EUR 10 million in savings, resulting in a reduction of around 60 positions globally [4][6] - The ongoing investment in Spain is progressing as planned, while the ramp-up phase for the Bethune investment in the USA continues [5][6] Market Environment - The market faced significant volatility due to the US tariff situation, leading to excess inventories and negatively impacting demand [3][6] - The Americas business area reported net sales of EUR 59.9 million, down from EUR 75.7 million in the previous year, while the EMEA business area saw sales decrease to EUR 40.0 million from EUR 43.0 million [8][9] Leadership Changes - Charles Héaulmé has been appointed as the new President and CEO, effective August 11, 2025, following the departure of Tommi Björnman [6][55]