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Suominen’s financial reporting in 2026
Globenewswire· 2025-09-23 08:00
Financial Reporting Schedule - Suominen Corporation will publish its Financial Statements Release, Annual Report, Half-Year Financial Report, and two Interim Reports in 2026, with specific dates outlined for each report [1] - The Financial Statements Bulletin for 2025 is scheduled for January 29, 2026 [1] - The Annual Report for 2025 will be released during the week commencing March 16, 2026 [1] - The Interim Report for January–March 2026 is set for May 7, 2026 [1] - The Half-Year Financial Report for January–June 2026 will be published on August 7, 2026 [1] - The Interim Report for January–September 2026 is planned for November 5, 2026 [1] Annual General Meeting - Suominen's Annual General Meeting is planned for April 15, 2026, with the Board of Directors to summon the meeting at a later date [1] Company Overview - Suominen manufactures nonwovens as roll goods for wipes and other applications, aiming to be a leader in nonwovens innovation and sustainability [2] - The end products made from Suominen's nonwovens are widely used in daily life globally [2] - In 2024, Suominen reported net sales of EUR 462.3 million and employs over 700 professionals across Europe and the Americas [2] - Suominen's shares are listed on Nasdaq Helsinki [2]
Composition of Suominen's Nomination Board
Globenewswire· 2025-09-02 07:00
Group 1 - Suominen's three largest registered shareholders have nominated members to the Shareholders' Nomination Board, including Charles Héaulmé as the Chair [1][3] - The Shareholders' Nomination Board is responsible for preparing proposals regarding the Board of Directors' composition and remuneration for the Annual General Meeting, with proposals due by February 1 [2] - Suominen's net sales in 2024 were EUR 462.3 million, and the company employs over 700 professionals across Europe and the Americas [2] Group 2 - The members appointed to the Nomination Board include Jyrki Vainionpää from Ahlstrom Capital B.V., Mikael Etola from Etola Group Oy, and Ville Vuori from Oy Etra Invest Ab [3]
Nordson Rewards Shareholders With a 5% Dividend Increase
ZACKS· 2025-08-29 16:45
Core Insights - Nordson Corporation (NDSN) has increased its quarterly dividend by 5% to 82 cents per share, marking the 62nd consecutive year of annual dividend increases [1][2][8] - The new dividend will be paid on September 25, 2025, to shareholders of record as of September 11, 2025 [1][8] Financial Health - The increase in dividend reflects Nordson's strong financial health, utilizing free cash flow to enhance shareholder returns [2] - Dividend payments totaled $88.9 million in the first six months of fiscal 2025, representing a 14.3% year-over-year increase [3] - The company also repurchased shares worth $146.3 million in the same period, indicating operational strength and commitment to shareholder wealth [3][8] Market Position and Performance - Nordson is well-positioned to benefit from solid momentum in the Advanced Technology Solutions segment, driven by strong customer demand in various product lines [4] - The company's shares have risen 4.1% in the past month, outperforming the industry's growth of 2.6% [5] - The Zacks Consensus Estimate for NDSN's fiscal 2025 earnings is $10.07 per share, reflecting a 0.4% increase from the previous estimate [5]
Suominen Corporation’s Half-Year Financial Report for January 1 – June 30, 2025: Performance impacted by trade environment, cost saving program progressing
Globenewswire· 2025-08-07 06:30
Core Insights - Suominen Corporation's half-year financial report indicates a decline in net sales and profitability due to market volatility and increased costs associated with a CEO transition and ongoing investments [1][3][6] Financial Performance - In Q2 2025, net sales decreased by 16% to EUR 99.8 million compared to EUR 118.7 million in Q2 2024 [6][7] - Comparable EBITDA for Q2 2025 was EUR 3.2 million, down from EUR 5.0 million in Q2 2024, reflecting lower sales volumes and additional expenses related to the CEO change [10][11] - Cash flow from operations was negative at EUR -10.1 million in Q2 2025, compared to EUR 2.1 million in Q2 2024 [6][16] - For the first half of 2025, net sales totaled EUR 217.3 million, a 6% decrease from EUR 232.3 million in H1 2024 [9][14] Operational Developments - A cost-saving program was initiated targeting approximately EUR 10 million in savings, resulting in a reduction of around 60 positions globally [4][6] - The ongoing investment in Spain is progressing as planned, while the ramp-up phase for the Bethune investment in the USA continues [5][6] Market Environment - The market faced significant volatility due to the US tariff situation, leading to excess inventories and negatively impacting demand [3][6] - The Americas business area reported net sales of EUR 59.9 million, down from EUR 75.7 million in the previous year, while the EMEA business area saw sales decrease to EUR 40.0 million from EUR 43.0 million [8][9] Leadership Changes - Charles Héaulmé has been appointed as the new President and CEO, effective August 11, 2025, following the departure of Tommi Björnman [6][55]
Publishing of Suominen’s Half-Year Financial Report January–June 2025 on August 7, 2025
Globenewswire· 2025-07-24 12:00
Financial Report Announcement - Suominen Corporation will publish its Half-Year Financial Report for January 1 – June 30, 2025 on August 7, 2025 at approximately 9:30 a.m. (EEST) [1] - Janne Silonsaari, CFO and Interim President & CEO, will present the results in an audiocast and conference call for analysts, investors, and media on the same day at 11:00 a.m. (EEST) [2] Conference Call Details - Participants can access the teleconference by registering at a specified link, with phone numbers and conference ID provided post-registration [3] Company 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, employing over 700 professionals in Europe and the Americas [3] - Suominen's shares are listed on Nasdaq Helsinki [3]
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]
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]