Spinnova

0.535

EUR

+0.94 %

5,473 following

SPINN

First North Finland

Personal Goods

Consumer Goods & Services

Overview

Financials & Estimates

+0.94%

-35.54%

-45.18%

-44.21%

-63.85%

-69.18%

-93.58%

-

-94.37%

Spinnova operates in the textile industry. The company has developed a production technology for textile fibers, known as SPINNOVA® fiber, which is manufactured using a mechanical production process. In addition to the main operations, research and development are conducted in the area and the company offers service and associated ancillary services. Spinnova operates worldwide and is headquartered in Jyväskylä.

Market cap

27.98M EUR

Turnover

4.74K EUR

P/E (adj.) (25e)

-0.81

EV/EBIT (adj.) (25e)

-0.09

P/B (25e)

0.77

EV/S (25e)

5.06

Dividend yield-% (25e)

-

Coverage

Recommendation

Reduce

Target price

0.45 EUR

Updated

2025-03-02

Antti Viljakainen

Head of Research

Latest research

Latest analysis report

Released: 2025-03-03

Latest extensive report

Released: 2024-05-31

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar

9/4

2025

General meeting '25

28/8

2025

Interim report Q2'25

12/2

2026

Annual report '25

Risk

Business risk

Valuation risk

Low

High

All

Research

Webcasts

Press releases

ShowingAll content types

Analyst Comment3/21/2025, 6:26 AM by

Antti Viljakainen

Spinnova’s co-founder and Chair of the Board also takes over the position of CEO

Spinnova announced yesterday that the company’s Board of Directors has appointed Janne Poranen as CEO effective March 20, 2025. Janne Poranen will be responsible for all Spinnova Group businesses and for leading the Management Team. He will also continue as the Chair of the Board.

Regulatory press release3/20/2025, 3:00 PM

Inside Information: Spinnova's founder and Chair of the Board Janne Poranen to start as CEO. He will also continue as Chair of the Board

Analyst Comment3/13/2025, 6:36 AM by

Antti Viljakainen

Spinnova's CEO will change

Spinnova announced yesterday that the company’s CEO Tuomas Oijala has announced his resignation.

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Regulatory press release3/12/2025, 3:20 PM

Inside Information: Spinnova Plc's CEO Tuomas Oijala to leave the Company

Regulatory press release3/6/2025, 3:00 PM

Notice to the General Meeting 2025 of Spinnova Plc

Regulatory press release3/4/2025, 4:00 PM

Proposals of the Shareholders' Nomination Board to Spinnova Plc's Annual General Meeting 2025

Spinnova: TKO'd by Suzano

Research3/3/2025, 11:51 AM by

Antti Viljakainen

Spinnova: TKO'd by Suzano

Spinnova announced on Friday that Suzano has decided to withdraw its planned investment in Spinnova's fiber production facilities.

Analyst Comment2/28/2025, 7:43 AM by

Antti Viljakainen

Spinnova: Suzano withdraws from collaboration, forcing major strategic review

Following Suzano's decision, Spinnova currently does not expect Suzano to invest in a factory in the near future.

Regulatory press release2/28/2025, 6:30 AM

Inside Information: Suzano will not invest into next steps of collaboration with Spinnova. The companies will begin a strategic review of Woodspin and will renegotiate the exclusivity rights.

Spinnova Q4'24: Burden of proof is still heavy

Research2/14/2025, 9:55 AM by

Antti Viljakainen

Spinnova Q4'24: Burden of proof is still heavy

We have not made any material changes to our forecasts for the commercialization progress of Spinnova's technology portfolio since the company's H2 report. In our view, the share still offers positive expected value considering the company's current market capitalization and the trajectory of our estimates, even though the range of different scenarios is wide and the realization of the story will require time and positive news flow from H1.

Regulatory press release2/13/2025, 11:00 AM

Spinnova's Governance, Remuneration and Financial Statements 2024 has been published

Spinnova H2'24 flash comment: Suzano project timeline still unclear

Analyst Comment2/13/2025, 8:13 AM by

Antti Viljakainen

Spinnova H2'24 flash comment: Suzano project timeline still unclear

Spinnova released its H2 report this morning. H2 was largely in line with our expectations in terms of figures, although the year-end net cash position was better than expected.

Spinnova, Webcast, Q4'24

Webcast2/13/2025, 8:00 AM

Spinnova, Webcast, Q4'24

Regulatory press release2/13/2025, 6:30 AM

Spinnova Plc's Financial Statements Bulletin January-December 2024: Technology sales strategy and key partnerships progressed. Revenues and operating results are in line with guidance

Spinnova H2'24 preview: 2025 already a critical year for the investor story

Analyst Comment2/10/2025, 8:11 AM by

Antti Viljakainen

Spinnova H2'24 preview: 2025 already a critical year for the investor story

Spinnova will publish its H2 report on Thursday at 8:30 am EEST. Spinnova did not have any technology delivery projects in H2, so the company's revenue remained marginal at the end of the year. However, we expect Spinnova's loss and negative cash flow to have narrowed year-on-year due to the change in strategy and cost-cutting measures.

Analyst Comment12/11/2024, 6:32 AM by

Antti Viljakainen

Spinnova: Woodspin and PUMA sign a non-binding letter of intent for securing SPINNOVA® fiber

Considering the capacity of Woodspin’s pre-industrial plant, the contract is hardly significant for Spinnova even in a favorable scenario. We estimate that PUMA could be an attractive partner for Suzano, which is to invest in manufacturing SPINNOVA® fiber on an industrial scale.

Research11/28/2024, 11:39 AM by

Antti Viljakainen

Spinnova: Destabilized by the delay, but not knocked out yet

The company's announcement last week of a delay in the 20,000-ton factory plan with Suzano shifted our projections and increased our required return.

Analyst Comment11/20/2024, 6:42 AM by

Petri Gostowski

Spinnova and Suzano plant project pre-engineering start delayed

The companies previously expected the pre-engineering phase of the new facility to begin in the second half of this year. However, Spinnova announced on Tuesday that it expects a delay in achieving the targeted process metrics required to move into the pre-engineering phase of the project.

Regulatory press release11/19/2024, 9:40 AM

Spinnova: Inside information: Delay in reaching targeted process metrics required for moving to pre-engineering of the 20kt factory investment planned by Suzano

Analyst Comment10/29/2024, 7:25 AM by

Antti Viljakainen

Spinnova: Business Finland granted the company low-cost R&D funding

The total cost estimate for the multi-year work, which is at the core of the company's strategy and already included, at least to a large extent, in our forecasts, is 25 MEUR, half of which will be covered by Business Finland's low-cost debt financing.

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