Suominen Oyj
Ticker/ISIN
SUY1V
FI0009010862
Marknad/Land
Main Market, Helsinki
Sweden
Om Suominen Oyj
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 från Suominen Oyj
Suominen Corporation announced the appointment of Darryl Fournier as Chief Operating Officer, effective by February 24, 2025. Fournier will join the Executive Management Team and report to President & CEO Tommi Björnman. Previously, he was Vice President of Operations at Wm. T. Burnett & Co. Fournier brings extensive experience in production technologies, supply chain management, and sales support, with a focus on data-driven strategies and process improvement. Suominen, a manufacturer of nonwovens, aims to be a leader in innovation and sustainability, with 2023 net sales of EUR 450.9 million and nearly 700 employees in Europe and the Americas. Its shares are listed on Nasdaq Helsinki.
Suominen Corporation announced the start of a new Long Term Incentive Plan period for 2025–2027, aimed at aligning the interests of shareholders and key employees to boost the company's long-term value. The plan's performance criteria include Absolute and Relative Total Shareholder Return, along with an operative performance and sustainability goal. A maximum of 1,375,431 shares, including cash, is allocated for rewards, which will be distributed after the performance period. The target group includes 28 key employees, including the President & CEO and the Executive Management Team. Rewards will be partly in shares and cash, with conditions on shareholding for the Executive Management Team and President & CEO. Suominen manufactures nonwovens and aims to lead in innovation and sustainability, with 2023 net sales of EUR 450.9 million and nearly 700 employees in Europe and the Americas. The company is listed on Nasdaq Helsinki.
Suominen Corporation's Shareholders' Nomination Board has proposed increasing the number of Board members from six to seven at the Annual General Meeting in 2025. They recommend re-electing Andreas Ahlström, Björn Borgman, Charles Héaulmé, Nina Linander, and Laura Remes, and electing Gail Ciccione and Maija Joutsenkoski as new members. Aaron Barsness will not seek re-election. The Nomination Board suggests Charles Héaulmé be re-elected as Chair. All candidates are independent of the company, except Andreas Ahlström and Maija Joutsenkoski, who have connections to Ahlstrom Capital B.V., Suominen's largest shareholder. The proposed Board remuneration remains unchanged, with specific annual fees for the Chair, Deputy Chair, and other members, and additional fees for meeting attendance. The Nomination Board, chaired by Jyrki Vainionpää, includes members from Ahlstrom Capital B.V., Etola Group Oy, and Oy Etra Invest Ab. All proposals were unanimous and will be included in the Notice of the Annual General Meeting on April 25, 2025. Suominen Corporation, listed on Nasdaq Helsinki, manufactures nonwovens for various applications and aims to lead in innovation and sustainability.
Suominen Corporation announced that Mark Ushpol has been appointed as Executive Vice President for the Americas business area, effective January 6, 2025. He will join Suominen's Executive Management Team and report to President and CEO Tommi Björnman. Ushpol comes from Ahlstrom, where he served as Executive Vice President of the Food & Consumer Packaging division. Tommi Björnman expressed confidence in Ushpol's experience and ability to contribute to Suominen's growth. Suominen manufactures nonwovens and aims to lead in innovation and sustainability, with a 2023 net sales of EUR 450.9 million and nearly 700 employees in Europe and the Americas. The company's shares are listed on Nasdaq Helsinki.
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.
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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
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
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.
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