Key figures

This page presents  calculation formulas for the financial figures, debt information as well as the mid-term financial targets.

All releases, interim reports and annual reports can be found on the Materials page.

 

Download all key figures (Excel file)

 

7-9/2017

7-9/2016

1-9/2017

1-9/2016

1-12/2016

           

Net sales, EUR million

102.4

103.8

327.3

316.5

416.9

Comparable operating profit, EUR million

4.6

7.9

15.3

22.1

25.6

Operating profit, EUR million

4.6

7.9

15.3

22.1

25.6

Profit for the period, EUR million

1.8

4.9

8.2

13.6

15.2

Earnings per share, basic, EUR

0.03

0.09

0.15

0.26

0.29

Earnings per share, diluted, EUR

0.03

0.08

0.14

0.23

0.26

Cash flow from operations per share, EUR

0.04

0.16

0.35

0.50

0.56

Return on invested capital, rolling 12 months, % 

8.3

12.3

11.6

Gearing, %

56.5

28.0

39.6

Calculation of key figures

 
Basic earnings per share (EPS) = Profit for the period adjusted with interest on hybrid bond, net of tax  
Share-issue adjusted average number of shares excluding treasury shares  
Diluted earnings per share (EPS) = Profit for the period  
Share-issue adjusted average number of shares excluding treasury shares  
Operating profit (EBIT) = Profit after depreciation, amortization and impairment  
Comparable operating profit (EBIT) = Profit after depreciation, amortization and impairment adjusted with items affecting comparability  
   
 In accordance with the recommendation by European Securities and Markets Authority, Suominen no longer presents operating profit excluding non-recurring items as an alternative performance measure. In order to improve the comparability of result between reporting periods, Suominen presents comparable operating profit as an alternative performance measure. Operating profit is adjusted with material items that are considered to affect comparability between reporting periods. These items include, among others, impairment losses or reversals of impairment losses, gains or losses from the sales of property, plant and equipment or intangible assets or other assets and restructuring costs.  
   
Cash flow from operations per share = Cash flow from operations  
Share-issue adjusted number of shares excluding treasury shares, end of reporting period  
Equity per share Total equity  
Share-issue adjusted number of shares excluding treasury shares, end of reporting period  
Dividend per share Dividend distributed for the reporting period  
Number of issued shares at end of the period excluding treasury shares    
Dividend payout ratio, % = (Dividend per share x 100)  
Basic earnings per share  
Dividend yield, % = (Dividend per share x 100)  
Share price at end of the period  
Price per earnings per share (P/E) = Share price at end of the period  
Basic earnings per share  
Market capitalization = Number of shares at the end of reporting period excluding treasury shares x share price at the end of period  
 
Share turnover = The proportion of number of shares traded during the period to weighted average number of shares excluding treasury shares  
 
EBITDA = Profit before depreciation, amortization and impairment (EBIT + depreciation, amortization and impairment losses)  
 
Cash and cash equivalents = Cash + other financial assets  
 
Interest-bearing net debt = Interest-bearing liabilities - interest-bearing receivables - cash and cash equivalents  
 
Return on equity (ROE), % (Profit for the reporting period (rolling 12 months) x 100)  
Total equity (quarterly average)  
Invested capital = Total equity + interest-bearing liabilities  
 
Return on invested capital (ROI), % = (Operating profit + financial income (rolling 12 months) x 100)  
Invested capital, quarterly average  
Equity ratio, % = (Total equity x 100)  
(Total assets - advances received)  
Gearing, % = (Interest-bearing net debt x 100)  
Total equity  

 

Debt information

 

85 MEUR bond

Suominen Corporation issues a senior unsecured bond of EUR 85 million. The bond matures on 3 October 2022, it carries a fixed annual interest at the rate of 2.50 percent and has an issue price of 100.00 percent. The proceeds from the bond offering will be partially used for the partial repurchase of Suominen Corporation’s unsecured EUR 75 million, 4.375 percent fixed-rate notes due 2019 (ISIN: FI4000108576), and the remaining proceeds may be used for general corporate purposes.

Suominen will apply for the listing of the bond on Nasdaq Helsinki Ltd. The Finnish Financial Supervisory Authority has approved the listing prospectus of the bond and it is available as a pdf file through the link provided below.

The prospectus or the information therein may not be downloaded or distributed, directly or indirectly, for persons residing in United States, Canada, Australia, Singapore, Hong Kong, Japan, New Zealand, South Africa or any other jurisdiction in which the distribution or release would be unlawful. Click here to accept the terms and start dowloading the prospectus (pdf file)

New credit facility

In connection with issuing the EUR 85 million bond, Suominen entered into a new syndicated credit facility agreement consisting of a single currency revolving credit facility of EUR 100 million with a maturity four years.

The lenders for the facility are Nordea Bank and Handelsbanken. The credit facility includes leverage ratio and gearing as financial covenants. Suominen’s leverage ratio may not exceed 3.5 and the gearing may not exceed 115%.

17.5 MEUR convertible hybrid bond

In February 2014, Suominen Corporation issued a EUR 17.5 million convertible hybrid bond. In accordance with the terms and conditions of the bond, the bondholders have a right to convert the bond notes and the accrued capitalized interest related to the notes into Suominen shares.

The conversion period started on 11 February 2014 and will end on 10 February 2018. Conversion Rate pursuant to the original terms of the bond is EUR 0.50 per share and is determined market-based. The average volume weighted share price of the company’s share during the last three (3) months before the issue of the bond was EUR 0.48. After the reverse share split, conducted on 21 March 2016, the Conversion Rates is EUR 2.50, in accordance with the Reverse Split Ratio.

The number of shares in Suominen may increase by maximum of 4,501,520 shares on the basis of the conversion of the bond notes and the potential capitalized interest, if the conversion is carried out by issuing new shares in Suominen.

 

Financial targets

 

The Board of Directors has established a set of medium term financial targets:

Profitability:

Reaching an average return on investment (ROI) of 15% during the period.

Growth:

Reaching an average annual net sales growth rate of 6% during the period

Capital structure:

Operating with a gearing ratio principally in the range of 40-80%


When calculating return on investment and gearing ratios, the company applies the accounting principles and formulas used in the Financial Statements.