Pressmeddelanden, rapporter och bolagsmeddelande för Suominen Oyj

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.

Suominen Corporation announced a restructuring program aimed at achieving profitable growth, expected to save EUR 1.5 million annually at a one-time cost of EUR 2 million. The program, to be completed by September 2024, will result in the termination of up to 10 positions in headquarters and global support functions, with full impact in 2025. This initiative is part of Suominen's ongoing transformation to enhance efficiency and agility. Additionally, EVP of HR & Legal, Klaus Korhonen, will leave the company. Suominen manufactures nonwovens and aims to lead in innovation and sustainability, with net sales of EUR 450.9 million in 2023 and nearly 700 employees.

The Suominen Corporation has corrected the number of shares transferred on May 16, 2024, to 25,088, from an originally stated 25,090. The correct number of treasury shares held by the company after the transfer is 541,672, not the previously stated 541,670. The shares were transferred to the Board of Directors as part of their remuneration, with 25% of the annual remuneration being paid in company shares. The decisions were made at Suominen's Annual General Meeting on April 4, 2024. Suominen is a manufacturer of nonwovens for wipes and other applications, with net sales of EUR 450.9 million in 2023.

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.

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.

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.

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.

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.

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.