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Suominen changes its financial reporting terminology in accordance with the recommendation by European Securities and Markets Authority

Suominen Corporation   Stock Exchange Release   29 June 2016 at 10:00 am (EEST)

European Securities and Markets Authority, ESMA has disclosed new guidelines concerning alternative performance measures. The guidelines are effective as of 3 July 2016 and Suominen Corporation will change the terminology related with the alternative performance measures as of its Q2 interim report, to be disclosed on 9 August 2016.

In accordance with the new guidelines, Suominen changes the term ”excluding non-recurring items” to ”comparable”. Comparable performance measures are adjusted with certain 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. The definition of the items affecting comparability equals with the definition of non-recurring items used earlier.

Suominen Corporation
Nina Kopola, President & CEO