Nonwovens
Search documents
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
Suominen Corporation Interim Report on October 29, 2025, at 9:30 a.m. (EET) Suominen Corporation’s Interim Report for January 1 - September 30, 2025: Profitability affected by exceptional events, outlook reducedKEY FIGURES Get the latest news delivered to your inbox Sign up for The Manila Times newsletters By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy 7-9/7-9/1-9/1-9/1-12/ 20252024202520242024Net sales, EUR million99.8111.6317. ...
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]
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]