04.28.16
In January–March 2016, Suominen’s net sales fell by 7.2% from the comparison period to €103.9 million ($117.5 million). Net sales were affected by both decreased sales volumes and lower sales prices, in approximately equal proportions. The demand was not at the level of the comparison period, which also affected the competitive situation. Suominen expects the situation to be temporary and saw signs of improvement in demand already towards the end of the review period. Overall, the growth in the demand in Suominen’s target markets in 2016 is expected to continue, on average, at the pace of 2015. The changes in U.S. dollar exchange rate had no material effect on the net sales during the first quarter.
Suominen has two business areas, Convenience and Care. Convenience business area supplies nonwovens as roll goods for wiping products. Care business area manufactures nonwovens for hygiene products and medical applications. Net sales of the Convenience business area were €95.5 million ($108 million) and net sales of the Care business area were €8.3 million ($9.4 million).
The main application areas for nonwoven materials supplied by Suominen in January–March were baby wipes (accounting for 38% of the sales), personal care wipes (25%), household wipes (18%), wipes for workplace use (10%), and hygiene and medical products (8%). All nonwovens for wiping products belong to the Convenience business area and nonwovens for hygiene and medical products to the Care business area.
The share of baby wipes in the net sales decreased from the corresponding period by three percentage points. Of the products with higher added value, nonwovens for personal care and for household wipes increased their shares in the portfolio. The changes in the portfolio were in line with Suominen’s strategy.
Suominen has two business areas, Convenience and Care. Convenience business area supplies nonwovens as roll goods for wiping products. Care business area manufactures nonwovens for hygiene products and medical applications. Net sales of the Convenience business area were €95.5 million ($108 million) and net sales of the Care business area were €8.3 million ($9.4 million).
The main application areas for nonwoven materials supplied by Suominen in January–March were baby wipes (accounting for 38% of the sales), personal care wipes (25%), household wipes (18%), wipes for workplace use (10%), and hygiene and medical products (8%). All nonwovens for wiping products belong to the Convenience business area and nonwovens for hygiene and medical products to the Care business area.
The share of baby wipes in the net sales decreased from the corresponding period by three percentage points. Of the products with higher added value, nonwovens for personal care and for household wipes increased their shares in the portfolio. The changes in the portfolio were in line with Suominen’s strategy.