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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]
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]
Suominen Corporation – Manager’s transaction: Björnman Tommi
Globenewswire· 2025-06-12 12:15
Core Viewpoint - Suominen Corporation is focused on nonwovens manufacturing, emphasizing innovation and sustainability in its products, which are widely used in daily life globally [1] Group 1: Company Transactions - Tommi Björnman, the CEO of Suominen, received a share-based incentive involving 9,359 shares on June 11, 2025 [1] - The transaction was categorized as an initial notification and occurred outside a trading venue [1] Group 2: Company Overview - Suominen's net sales for 2024 were reported at EUR 462.3 million [1] - The company employs over 700 professionals across Europe and the Americas [1] - Suominen's shares are listed on Nasdaq Helsinki [1]
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]