Breaking News

Suominen Announces Preliminary Results

February 28, 2011

Suominen´s net sales for 2010 were $234 million, out of which the net sales of flexibles business area was $89 million and the net sales of wiping business area was $146 million.

Operating loss before impairment losses on goodwill and non-recurring costs was $5 million and operating profit in both business areas was negative. Furthermore, impairment charges against goodwill, $6 million, and non-recurring costs related to rationalization of business operations, $2.9 million, are recorded in the operating result of the group. Profit after financial items was -$21 million. The figures are preliminary.

In connection with previous interim reports, net sales for 2010 was estimated to be lower than in 2009. Due to decrease in sales volumes, decline of margins and possible non-recurring costs, the operating profit for 2010 was expected to be negative.

  • 2016 International Buyers Guide

    2016 International Buyers Guide

    July 15, 2016
    Our annual Buyers’ Guide lists nearly every supplier and producer involved with the global nonwovens industry.

  • Raw Material Round Up

    Raw Material Round Up

    Karen McIntyre, Editor||June 9, 2016
    Suppliers to nonwovens manufacturers continue to innovate.

  • Fiber Producers Hone in on Hygiene

    Fiber Producers Hone in on Hygiene

    Tara Olivo, Associate Editor||June 9, 2016
    Growth in hygiene markets has spurred innovation among these suppliers to the nonwovens industry.