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]

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]

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]

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]

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]

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]

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]

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]

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]