Comparable EBITDA in FY22 was €15.3 million and EBITDA was €14.3 million. Comparable operating profit amounted to minus €4.2 million, and the operating profit amounted to minus €9 million.

In FY22, net financial expenses were minus €2.9 million, or 0.6 per cent of net sales. Net effect of changes in foreign exchange rates in financial items was €2.8 million.

Cash flow from operations in the fourth quarter was €15.6 million. Cash flow from operations in FY22 was €14 million. Cash flow from operations per share in FY22 was €0.24.

Suominen expects that its comparable EBITDA in FY23 will increase from FY22.

The company’s target is to reduce energy consumption, greenhouse gas emissions, water consumption and waste to landfill by 20 per cent per ton of product by 2025 compared to the base year of 2019. By the end of 2022, the company’s water consumption has decreased by 6.1 per cent, waste to landfill by 2.5 per cent, energy consumption by 0.6 per cent, and greenhouse gas emissions by 20 per cent per ton of product compared to 2019.

Fibre2Fashion News Desk (DP)