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Suominen has signed a credit facility agreement
Globenewswire· 2025-07-03 08:00
Group 1 - Suominen Corporation has entered into a EUR 50 million term loan and a EUR 50 million revolving credit facility agreement with a maturity of three years and a one-year extension option [1][2] - The new credit facility replaces the existing EUR 100 million syndicated revolving credit facility [2] - The lenders for the new facility are Danske Bank A/S and Nordea Bank Abp, and it includes leverage ratio and gearing as financial covenants [1] Group 2 - Suominen manufactures nonwovens for wipes and other applications, aiming to be a leader in nonwovens innovation and sustainability [3] - The company's net sales in 2024 were EUR 462.3 million, and it employs over 700 professionals in Europe and the Americas [3] - Suominen's shares are listed on Nasdaq Helsinki [3]
Inside information: CEO of Suominen Corporation changes
Globenewswire· 2025-06-30 13:20
Core Points - Suominen Corporation has appointed Mr. Charles Héaulmé as the new President and CEO, effective by August 11, 2025 [1] - Mr. Héaulmé has extensive executive leadership experience and is expected to lead the company towards financial improvement and sustainable growth [2] - Mr. Héaulmé will remain as Chair of the Board until the next Annual General Meeting in 2026, after which he will step down from that position [3] - Mr. Tommi Björnman has mutually agreed to step down as President and CEO, with Mr. Janne Silonsaari serving as interim President and CEO starting June 30, 2025 [4] - The Board expressed gratitude for Mr. Björnman's leadership, highlighting the company's focus on nonwovens innovation and sustainability during his tenure [5] - Mr. Héaulmé expressed his commitment to driving sustainable growth and delivering long-term value to stakeholders [6] Company Overview - Suominen manufactures nonwovens as roll goods for wipes and other applications, aiming to be a leader in nonwovens innovation and sustainability [6] - The company's net sales in 2024 were EUR 462.3 million, and it employs over 700 professionals across Europe and the Americas [6]
Changes in Suominen’s Executive Management Team
Globenewswire· 2025-06-16 13:00
Core Points - Jonni Friman, EVP of the Transformation Management Office, is leaving Suominen Corporation to pursue new opportunities [1] - The Transformation Management Office will be dissolved, with its responsibilities integrated into various functions to maintain strategic focus [2] - The Executive Management Team will be restructured effective August 1, 2025, with Tommi Björnman continuing as President & CEO [2] Company Overview - Suominen Corporation manufactures nonwovens as roll goods for wipes and other applications, aiming to be a leader in nonwovens innovation and sustainability [2] - In 2024, Suominen's net sales reached EUR 462.3 million, employing over 700 professionals across Europe and the Americas [2]
Magnera’s Sontara® brand wins INDA’s® Long-Life Achievement Award at IDEA® 25
Globenewswire· 2025-06-12 14:04
Magnera’s Sontara® brand wins INDA’s® Long-Life Achievement Award at IDEA® 25 Magnera CEO, Curt Begle joins Product Line Management Director, Seth Good and Innovation Manager, Vinit Singh to celebrate the award win at IDEA® 25 CHARLOTTE, N.C., June 12, 2025 (GLOBE NEWSWIRE) -- Sontara®’s EcoRE bags, now part of the Magnera® portfolio, recently received the IDEA® Long-Life Achievement Award at IDEA 25, the premier global event for nonwovens and engineered fabrics. Made from cellulosic fibers, Sontara Eco ...
Suominen Corporation – Manager’s transaction: Björnman Tommi
Globenewswire· 2025-06-12 12:15
Suominen Corporation June 12, 2025 at 3:15 p.m. (EEST) Suominen Oyj - Managers' Transactions____________________________________________Person subject to the notification requirementName: Tommi BjörnmanPosition: Chief Executive Officer Issuer: Suominen OyjLEI: 743700Z1BNFYR9PRDF52Notification type: INITIAL NOTIFICATIONReference number: 110660/8/6 ____________________________________________Transaction date: 2025-06-11Outside a trading venueInstrument type: SHAREISIN: FI0009010862Nature of transaction: RECEI ...
Change in the holding of Suominen’s treasury shares
Globenewswire· 2025-05-16 10:00
Company Actions - Suominen Corporation transferred 36,013 shares to the members of the Board of Directors as part of their remuneration, with 25% of the annual remuneration being paid in company shares [1] - After the transfer, Suominen holds a total of 496,103 treasury shares [1] Corporate Overview - Suominen manufactures nonwovens as roll goods for wipes and other applications, aiming to be a frontrunner in nonwovens innovation and sustainability [3] - The company's net sales in 2024 were EUR 462.3 million, and it employs over 700 professionals in Europe and the Americas [3] - Suominen's shares are listed on Nasdaq Helsinki [3]
Inside information: Suominen announces a cost saving program to secure profitable growth
Globenewswire· 2025-05-07 06:35
Core Points - Suominen Corporation is launching a cost-saving program aimed at securing profitable growth and enhancing long-term competitiveness [1][2] - The program is expected to generate savings of approximately EUR 10 million over the next 24 months [3] - The initiative may impact up to 60 positions globally, pending local consultation procedures [3] Company Overview - Suominen manufactures nonwovens as roll goods for wipes and other applications, with a vision to lead in nonwovens innovation and sustainability [4] - In 2024, Suominen reported net sales of EUR 462.3 million and employs over 700 professionals across Europe and the Americas [4] - The company's shares are listed on Nasdaq Helsinki [4]
Suominen Corporation’s Interim Report for January 1 – March 31, 2025: Navigating a challenging environment
Globenewswire· 2025-05-07 06:30
Financial Performance - Suominen Corporation reported net sales of EUR 117.5 million for Q1 2025, an increase of 3.4% compared to EUR 113.6 million in Q1 2024 [4][8][66] - Comparable EBITDA decreased to EUR 4.1 million in Q1 2025 from EUR 4.5 million in Q1 2024, primarily due to higher operating expenses [5][11] - The company recorded a profit for the period of EUR -2.2 million in Q1 2025, compared to EUR -1.0 million in Q1 2024 [12][66] Market Environment - The market remained volatile in early 2025, influenced by geopolitical uncertainties and rising raw material prices, which affected global supply chains [3][39] - Despite a decline in consumer confidence, demand for Suominen's products remained stable during the first quarter [3][39] Business Segments - Net sales in the Americas business area were EUR 73.6 million, while the EMEA business area reported net sales of EUR 43.9 million [10] - 27% of net sales in Q1 2025 came from new products launched in the last three years, indicating a strong focus on innovation [4] Sustainability Initiatives - Suominen has committed to sustainability as a core part of its strategy, launching a new sustainability agenda for 2025-2030 focusing on sustainable nonwovens and low-impact manufacturing [6][17] - The company aims to achieve zero manufacturing waste to landfill by 2030 and targets reductions in greenhouse gas emissions in line with the Paris Agreement [19][20] Capital Expenditure - Gross capital expenditure totaled EUR 5.8 million in Q1 2025, with significant investments in sustainable product capabilities in Spain and the USA [15][7] Shareholder Information - As of March 31, 2025, the market capitalization of Suominen was EUR 117.2 million, with a closing share price of EUR 2.03 [23][74]