Suominen Oyj

Ticker/ISIN
SUY1V
FI0009010862
Marknad/Land
Main Market, Helsinki
Sweden
Senaste aktiekurs
2.80 SEK
2024-03-06

Hittills i år

-0.02 %

3 månader

-0.03 %

6 månader

0.00 %

1 år

-0.02 %

3 år

-0.51 %

5 år

0.22 %

Suominen Corporation is a company serving brand companies, consumer goods industry and retail trade chains.Suominen specialises in producing high quality wet wipes, nonwoven fabrics and flexible packaging. The company operates in areas where the markets are expected to continue to grow, consolidate, and concentrate. Suominen has two business areas; Wipes and Nonwovens, and Flexible Packaging. Customers are leading brand companies, manufacturers of hygiene and food products, and retail trade chains. Suominen has production facilities in Finland, the Netherlands, Poland and Sweden.

Senaste sammanfattade pressmeddelande

Suominen Corporation's interim report for January to September 2024 indicates that profitability was impacted by operational issues, although the outlook remains unchanged. Key highlights include a 5% increase in net sales for Q3 2024 compared to the same period in 2023, reaching EUR 111.6 million. However, comparable EBITDA decreased to EUR 3.3 million due to unplanned production downtime and additional expenses. For the first nine months, net sales rose by 2% to EUR 343.8 million, with comparable EBITDA improving to EUR 12.8 million, aided by higher sales volumes and lower raw material costs. Cash flow from operations was negative due to increased capital tied to net working capital, particularly inventory. Suominen's sustainability efforts were recognized with a gold rating from EcoVadis, placing them in the top 1% of companies in their industry. The company is investing in sustainable products, with significant projects in Spain and the US. The financial position showed a gearing ratio of 57.1% and an equity ratio of 37.1%. The company expects its comparable EBITDA for 2024 to exceed that of 2023, which was EUR 15.8 million. Despite global economic uncertainties, Suominen sees its target market as stable. The company's AGM approved various financial and governance resolutions, including board member remuneration and share-based incentive plans. Suominen's shares are traded on Nasdaq Helsinki, and they reported a market capitalization of EUR 148.9 million as of September 30, 2024. The report also outlines changes in the executive team and board authorizations for share repurchasing and issuance. Overall, Suominen continues to focus on operational excellence, sustainability, and market responsiveness.
Suominen Corporation announced the appointment of Minna Rouru as Chief People & Communications Officer. She will join the Executive Management Team and report to CEO Tommi Björnman, starting her role by February 2025. Rouru comes from KONE Corporation, where she served as Vice President of People & Communications, Global Functions. She has extensive experience in HR management and change leadership across Asia, America, and Europe. CEO Tommi Björnman expressed confidence in her ability to enhance Suominen's culture and work community. Suominen, a manufacturer of nonwovens, reported net sales of EUR 450.9 million in 2023 and employs nearly 700 people in Europe and the Americas. The company's shares are listed on Nasdaq Helsinki.
Suominen Corporation announced the schedule for its financial reports in 2025. The Financial Statements Release for 2024 will be published on March 5, 2025. The Interim Reports for January–March and January–September 2025 will be released on May 7, 2025, and October 29, 2025, respectively. The Half-Year Financial Report for January–June 2025 will be published on August 7, 2025. The Annual Report for 2024 will be available by the week starting March 31, 2025. The Annual General Meeting is planned for April 25, 2025, with the Board of Directors to summon the meeting later. For more information, contact Julia Koivulanaho, interim Head of Communications. Suominen manufactures nonwovens for wipes and other applications, aiming to lead in innovation and sustainability. In 2023, Suominen’s net sales were EUR 450.9 million, with nearly 700 employees in Europe and the Americas. Its shares are listed on Nasdaq Helsinki.
Suominen Corporation announced on September 3, 2024, that its three largest registered shareholders, Ahlstrom Capital B.V., Etola Group Oy, and Oy Etra Invest Ab, have nominated members to the Shareholders’ Nomination Board. Charles Héaulmé, Chair of Suominen’s Board of Directors, will serve as the fourth member. The shareholders eligible to appoint members were determined based on the registered holdings as of September 2, 2024. The Nomination Board is responsible for preparing proposals on the number, composition, and remuneration of the Board of Directors' members for the Annual General Meeting. These proposals must be submitted to the Board of Directors by February 1. Suominen manufactures nonwovens for various applications and aims to lead in innovation and sustainability. In 2023, the company reported net sales of EUR 450.9 million and employs nearly 700 professionals in Europe and the Americas. Suominen’s shares are listed on Nasdaq Helsinki.
Suominen Corporation announced that Thomas Olsen, EVP Americas, is leaving the company to pursue new opportunities. Markku Koivisto has been appointed as interim EVP, Americas, in addition to his current roles as EVP, EMEA and CTO, effective immediately. The company will begin the process of recruiting a new EVP, Americas. President and CEO Tommi Björnman thanked Thomas Olsen for his contributions. Suominen manufactures nonwovens and had net sales of EUR 450.9 million in 2023, employing nearly 700 professionals in Europe and the Americas. The company's shares are listed on Nasdaq Helsinki.
Suominen Corporation announced on August 9, 2024, that it is investing approximately EUR 20 million in a new production line at its Alicante, Spain site to enhance its capabilities in sustainable products. This investment will increase the company's Card-Pulp-Card (CPC) capacity and aligns with its strategy to be a leader in sustainability. The project, aimed at meeting the growing demand for sustainable nonwovens in Europe, is expected to be completed in the second half of 2025. Suominen manufactures nonwovens for various applications and aims to be at the forefront of innovation and sustainability. The company reported net sales of EUR 450.9 million in 2023 and employs nearly 700 professionals in Europe and the Americas. Its shares are listed on Nasdaq Helsinki.
Suominen Corporation's Half-Year Financial Report for January 1 – June 30, 2024, shows a gradual improvement. Key figures include a 5% increase in net sales to EUR 118.7 million for April–June 2024, and a comparable EBITDA increase to EUR 5.0 million. For the first half of 2024, net sales were EUR 232.3 million, with a comparable EBITDA of EUR 9.5 million. The company expects a rise in comparable EBITDA for 2024 compared to EUR 15.8 million in 2023. President & CEO Tommi Björnman highlighted increased sales volumes, improved sales margins, and ongoing investments in sustainable products. The restructuring program initiated in May aims to reposition Suominen for profitable growth, expecting annual savings of EUR 1.5 million. Financial performance showed an improved EBITDA despite lower sales prices, driven by higher volumes and lower raw material costs. Cash flow from operations was EUR -0.1 million for the first half of the year. The company extended its EUR 100 million credit facility to July 2026 and plans further investments in sustainable product capabilities. Suominen's sustainability efforts focus on safety, employee engagement, and reducing environmental impact, aiming for significant reductions in energy consumption, emissions, and waste by 2025. The AGM held on April 4, 2024, approved financial statements, remuneration policies, and authorized share repurchases. The Board of Directors saw some re-elections and new appointments, and Ernst & Young Oy was re-elected as the auditor. No significant events occurred post-reporting period. Suominen will publish its next financial report on November 6, 2024. The company’s shares are listed on Nasdaq Helsinki.
Suominen Corporation has transferred 9,556 treasury shares to its President & CEO, Tommi Björnman, as part of a share-based incentive plan. This decision follows the authorization granted by the Annual General Meeting of Shareholders on April 4, 2024. After the transfer, Suominen holds 532,116 treasury shares. The company, which manufactures nonwovens, reported net sales of EUR 450.9 million in 2023 and employs nearly 700 professionals in Europe and the Americas. Suominen's shares are listed on Nasdaq Helsinki.

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Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Suominen Oyj

Transaktioner utförda av personer i ledande ställning: Suominen Corporation - Manager's transaction: Barsness Aaron

On May 21, 2024, Suominen Corporation announced that Board Member Aaron Barsness received a share-based incentive. The transaction, which took place outside a trading venue on May 16, 2024, involved 3264 shares at a unit price of zero. The notification was the initial one for this transaction. Suominen, a manufacturer of nonwovens for wipes and other applications, had a net sales of EUR 450.9 million in 2023 and employs nearly 700 professionals in Europe and the Americas. Its shares are listed on Nasdaq Helsinki.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Suominen Oyj

Transaktioner utförda av personer i ledande ställning: Suominen Corporation - Manager's transaction: Borgman Björn

Suominen Corporation announced that Björn Borgman, a member of the board and deputy member, has received a share-based incentive. The transaction, which took place on May 16, 2024, involved 3,264 shares, received at no cost. Suominen, a manufacturer of nonwovens for wipes and other applications, reported net sales of EUR 450.9 million in 2023 and employs nearly 700 professionals in Europe and the Americas. Its shares are listed on Nasdaq Helsinki.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Suominen Oyj

Transaktioner utförda av personer i ledande ställning: Suominen Corporation - Manager's transaction: Linander Nina

On May 21, 2024, Suominen Corporation announced that board member Nina Linander received a share-based incentive of 4,197 shares. The transaction, which took place outside a trading venue, was part of an initial notification. Suominen, a manufacturer of nonwovens for wipes and other applications, reported net sales of EUR 450.9 million in 2023 and employs nearly 700 professionals in Europe and the Americas.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Suominen Oyj

Transaktioner utförda av personer i ledande ställning: Suominen Corporation - Manager's transaction: Remes Laura

Suominen Corporation has announced a share-based incentive transaction involving Laura Remes, a member of the board. The initial notification reveals that Remes received 3264 shares as part of the incentive, with the transaction occurring outside a trading venue on May 16, 2024. No unit price was provided for the shares. Suominen, a leading nonwovens manufacturer, had a net sales of EUR 450.9 million in 2023 and employs nearly 700 professionals in Europe and the Americas.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Suominen Oyj

Transaktioner utförda av personer i ledande ställning: Suominen Corporation - Manager's transaction: Héaulmé Charles

On May 21, 2024, Suominen Corporation announced that Charles Héaulmé, a member of the board, received a share-based incentive of 6,902 shares. The transaction took place outside a trading venue. Suominen Corporation, a manufacturer of nonwovens for wipes and other applications, reported net sales of EUR 450.9 million in 2023. The company has around 700 professionals working in Europe and the Americas. Its shares are listed on Nasdaq Helsinki.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Suominen Oyj

Transaktioner utförda av personer i ledande ställning: Suominen Corporation - Manager's transaction: Ahlström Andreas

Andreas Ahlström, a board member of Suominen Oyj, received a share-based incentive from the company on May 16, 2024, according to an initial notification. The incentive involved 4197 shares, which were not acquired through a trading venue. Suominen Oyj, a manufacturer of nonwovens for various applications, reported a net sales of EUR 450.9 million in 2023 and has around 700 employees across Europe and the Americas.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Suominen Oyj

Förändringar i återköpta aktier: Suominen - transfer of the company's own shares

Suominen Corporation has transferred 25,090 shares to its Board of Directors members as part of their annual remuneration, according to a decision made at the company's Annual General Meeting on April 4, 2024. This transfer constitutes 25% of the annual remuneration. After this transaction, Suominen holds 541,670 treasury shares. The company, which specializes in manufacturing nonwovens for various applications, had a net sales of EUR 450.9 million in 2023.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Suominen Oyj

Transaktioner utförda av personer i ledande ställning: Suominen Corporation - Manager's transaction: Charles Héaulmé

On May 13, 2024, Suominen Corporation announced that Charles Héaulmé, a member of the board, had made two separate share acquisitions. The first transaction took place on May 8, 2024, where he bought 977 shares at a unit price of 2.6 EUR on NASDAQ Helsinki. The second transaction occurred on May 10, 2024, where he acquired 2272 shares at the same unit price on the same platform. Suominen Corporation, which manufactures nonwovens for various applications, had a net sales of EUR 450.9 million in 2023. The company is listed on Nasdaq Helsinki.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Suominen Oyj

Kommuniké från årsstämma: Decisions taken by Suominen's Annual General Meeting and the Board of Directors

Suominen Corporation held its Annual General Meeting (AGM) on April 4, 2024, in Helsinki, Finland. The AGM adopted the Financial Statements for 2023 and approved the Remuneration Report for the Company’s governing bodies. The Board of Directors was authorized to decide on repurchasing of the company's shares and issuance of shares. A dividend of EUR 0.10 per share will be paid for the financial year of 2023. The AGM confirmed the remuneration of the Board of Directors, with the Chair to be paid an annual fee of EUR 74,000 and other members between EUR 35,000 and EUR 45,000. Six board members were elected, including a new member, Charles Héaulmé, who was also elected as the new Chair of the Board. Ernst & Young Oy was re-elected as the auditor of the company. The minutes of the Meeting will be available on the company’s website on April 18, 2024.