Nonwovens

Search documents
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
Charles Heaulme photo Charles Heaulme photo Suominen Corporation, inside information, June 30, 2025 at 4:20 p.m. EEST Suominen Corporation’s Board of Directors has appointed Mr. Charles Héaulmé, current Chair of the Board, as the company’s new President and CEO. Mr. Héaulmé will start at the latest August 11, 2025. Mr. Héaulmé brings with him decades of executive leadership experience across various industries. His strategic insight and proven track record in driving performance and transformation hav ...
Changes in Suominen’s Executive Management Team
Globenewswire· 2025-06-16 13:00
Suominen Corporation's stock exchange release on June 16, 2025, at 4:00 p.m. EEST Jonni Friman, EVP, Transformation Management Office and a member of the Executive Management Team has decided to leave Suominen to pursue new opportunities outside the company. “I want to extend my heartfelt thanks to Jonni for his exceptional leadership of the Transformation Management Office (TMO). As planned, the TMO will now be dissolved, with its responsibilities seamlessly integrated into various functions to maintain ou ...
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]