Workflow
Nonwovens
icon
Search documents
Proposals by the Nomination Board to the Annual General Meeting 2026 of Suominen
Globenewswire· 2026-01-26 11:00
Suominen Corporation's stock exchange release on January 26, 2026 at 1.00 p.m. EET Proposal on the number of the members, on the composition, and on the Chair of the Board of Directors The Shareholders' Nomination Board of Suominen Corporation proposes to the Annual General Meeting 2026 that the number of Board members will be decreased from seven to six. The Nomination Board proposes to the Annual General Meeting that Andreas Ahlström, Gail Ciccione, Nina Linander, Maija Joutsenkoski and Laura Remes would ...
Publishing of Suominen’s financial statements release 2025 on January 29, 2026
Globenewswire· 2026-01-15 07:00
Suominen Corporation’s press release on January 15, 2026, at 9:00 a.m. (EET) Suominen will publish its Q4 and full-year 2025 financial result in a financial statements release (unaudited) on Thursday, January 29, 2026, approximately at 9:30 a.m. (EET).Charles Héaulmé, President & CEO, and Janne Silonsaari, CFO, will present the result in English in an audiocast and a conference call for analysts, investors, and media on the same day at 11:00 a.m. (EET). The audiocast can be followed at https://suominen.eve ...
Suominen establishes a restricted share unit plan for key employees
Globenewswire· 2025-12-19 13:30
Core Points - Suominen Corporation's Board of Directors has established a new share-based incentive plan aimed at aligning the interests of shareholders and key employees to enhance long-term company value [1][2] - The plan is designed to retain key talents, attract new talent, and address specific situations as determined by the Board [2] - The incentive plan will allocate rewards from the Restricted Share Unit Plan for the years 2026 to 2028, with a maximum total of 200,000 shares, including cash payments [3] - Rewards will be distributed by the end of May 2029, contingent upon the continuation of employment or service [4] - The reward structure includes both shares and cash, with the cash portion intended to cover taxes and social security contributions [5] Company Overview - Suominen manufactures nonwovens for various applications, including wipes, and aims to lead in nonwovens innovation and sustainability [5] - The company's net sales for 2024 are projected to be EUR 462.3 million, employing over 700 professionals across Europe and the Americas [5] - Suominen's shares are listed on Nasdaq Helsinki [5]
Magnera (NYSE:MAGN) 2025 Earnings Call Presentation
2025-12-02 19:50
Bank of America Leveraged Finance Presentation Curt Begle - Chief Executive Officer Jim Till- Chief Financial Officer Robert Weilminster – EVP Investor Relations 1 December 2025 Safe Harbor Statements and Important Information Magnera Corporation (NYSE: MAGN) serves 1,000+ customers worldwide, offering a wide range of material solutions, including components for absorbent hygiene products, protective apparel, wipes, specialty building and construction products, and products serving the food and beverage ind ...
Suominen Corporation’s Interim Report for January 1 - September 30, 2025: Profitability affected by exceptional events, outlook reduced
The Manila Times· 2025-10-29 07:45
Core Insights - Suominen Corporation's profitability has been impacted by exceptional events, leading to a reduced outlook for 2025 [1][4][11] Financial Performance - For the period of January 1 - September 30, 2025, net sales decreased by 8% to EUR 317.1 million compared to EUR 343.8 million in 2024 [3][14] - In the third quarter (July-September 2025), net sales decreased by 11% to EUR 99.8 million from EUR 111.6 million in the same period of 2024 [3][12] - Comparable EBITDA for the third quarter increased slightly to EUR 3.4 million from EUR 3.3 million in 2024, while comparable EBITDA for January-September decreased to EUR 10.7 million from EUR 12.8 million in 2024 [3][18] - Cash flow from operations improved significantly to EUR 15.7 million in the third quarter, compared to a negative cash flow of EUR -2.6 million in the same period of 2024 [22] Operational Challenges - Two major incidents at US plants during the third quarter negatively impacted production: an equipment failure and significant flooding, which together affected comparable EBITDA by EUR 2.8 million [8][12] - Sales volumes decreased, but sales margins increased compared to the previous year, indicating a shift in pricing strategy [7][14] Outlook and Strategic Initiatives - The company revised its full-year guidance, now expecting comparable EBITDA to be lower than in 2024, which was EUR 17.0 million [4][11][76] - Suominen is accelerating its cost-saving program, aiming for savings of approximately EUR 10 million over the next 24 months [9] - Sustainability remains a core focus, with 30% of net sales in the third quarter coming from new products launched in the last three years [10][29] Market Environment - The demand for nonwovens is expected to recover in the second half of the year, but the recovery has been slower than anticipated due to supply chain disruptions [6][69] - The company operates primarily in North America and Europe, with the growth in nonwovens demand typically exceeding GDP growth by a couple of percentage points [72]
Francois Guetat joins Suominen as COO 
Globenewswire· 2025-10-29 07:35
Core Viewpoint - Suominen Corporation has appointed Francois Guetat as Chief Operating Officer, effective November 3, 2025, following the departure of Darryl Fournier [1][4]. Group 1: Leadership Changes - Francois Guetat brings over 20 years of global experience in operations, supply chain, and manufacturing excellence, previously serving as SVP of Integrated Supply Chain at Kalmar [2]. - Darryl Fournier, the outgoing COO, will remain with Suominen until the end of January 2026 to focus on strategic projects [4]. Group 2: Company Overview - Suominen manufactures nonwovens as roll goods for wipes and other applications, with a vision to lead in nonwovens innovation and sustainability [5]. - The company's net sales in 2024 were EUR 462.3 million, and it employs over 700 professionals across Europe and the Americas [5].
Suominen Corporation’s Interim Report for January 1 – September 30, 2025: Profitability affected by exceptional events, outlook reduced
Globenewswire· 2025-10-29 07:30
Core Insights - Suominen Corporation's profitability has been negatively impacted by exceptional events, leading to a reduced outlook for 2025 compared to previous expectations [2][10][75] Financial Performance - In Q3 2025, net sales decreased by 11% year-over-year to EUR 99.8 million, while for the first nine months of 2025, net sales decreased by 8% to EUR 317.1 million [2][12] - Comparable EBITDA for Q3 2025 was EUR 3.4 million, slightly up from EUR 3.3 million in Q3 2024, while for the first nine months, it decreased to EUR 10.7 million from EUR 12.8 million in the same period of 2024 [6][16] - The company reported a profit for the period of EUR -2.0 million in Q3 2025, an improvement from EUR -3.2 million in Q3 2024, and a loss of EUR -8.2 million for the first nine months compared to EUR -6.1 million in the same period of 2024 [15][18] Operational Challenges - Two significant incidents at US plants during Q3 2025, including an equipment failure and flooding, negatively impacted production and resulted in an estimated EUR 2.8 million loss in comparable EBITDA [6][10] - Cash flow from operations improved significantly to EUR 15.7 million in Q3 2025, compared to a negative cash flow of EUR -2.6 million in Q3 2024 [21] Market and Outlook - The company has revised its full-year guidance for 2025, now expecting comparable EBITDA to be lower than in 2024, which was EUR 17.0 million [2][10][75] - The demand for nonwoven products is expected to recover in the second half of the year, but the recovery has been slower than anticipated due to earlier supply chain disruptions [4][68] Sustainability Initiatives - Suominen received a Gold Medal from EcoVadis for the second consecutive year, placing it in the top 2% of companies in the textile manufacturing industry [9][25] - The company aims for over two-thirds of its raw materials to be plant-based and for more than half of its new R&D initiatives to focus on sustainable products [28]
Inside information: Profit warning: Suominen reduces its outlook for 2025 and announces preliminary financials for the third quarter
Globenewswire· 2025-10-15 11:30
Core Insights - Suominen Corporation has revised its outlook for comparable EBITDA in 2025, now expecting it to be lower than in 2024, contrary to previous expectations of improvement [1][3]. Financial Performance - In 2024, Suominen's comparable EBITDA was EUR 17.0 million [3]. - For the third quarter of 2025, Suominen reported net sales of EUR 99.8 million and estimated comparable EBITDA of approximately EUR 3.4 million [2]. Operational Challenges - The company faced slower volume recovery from supply chain disruptions, particularly due to US tariff variations [2]. - Two significant incidents impacted US plants in the third quarter: an equipment failure led to an extended production line shutdown, and flooding in a storage area resulted in inventory disposal [2]. Company Overview - Suominen manufactures nonwovens for various applications, with a vision to lead in innovation and sustainability [4]. - The company's net sales in 2024 were EUR 462.3 million, employing over 700 professionals across Europe and the Americas [4].
Publishing of Suominen’s Interim Report January–September 2025 on October 29, 2025
Globenewswire· 2025-10-15 06:00
Core Points - Suominen Corporation will publish its Interim report for the period of January 1 – September 30, 2025 on October 29, 2025 at approximately 9:30 a.m. (EET) [1] - The presentation of the results will be conducted by Charles Héaulmé, President & CEO, and Janne Silonsaari, CFO, in an audiocast and conference call at 11:00 a.m. (EET) on the same day [2] - The audiocast can be accessed online, and a recording along with presentation materials will be available post-event [2] - Participants can register for the teleconference to receive access details [3] - Suominen manufactures nonwovens for various applications, with a vision to lead in innovation and sustainability within the industry [3] - The company reported net sales of EUR 462.3 million in 2024 and employs over 700 professionals across Europe and the Americas [3]
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]