08.09.16
In the second quarter of 2016, Suominen’s net sales declined by 4% from the comparison period last year to €108.8 million ($120.6 million). Net sales were mainly affected by decreased sales prices and fluctuations in USD/EUR exchange rate. The changes in U.S. dollar exchange rate compared to euro decreased net sales by €1.4 million ($1.5 million) from the comparison period. The demand improved from the dip experienced in the first quarter of 2016. Comparable operating profit decreased by 13% to €8.7 million ($9.6 million). The investment in a new production line at the Bethune plant in the U.S. advanced with customer deliveries planned to commence in the first quarter of 2017. The total value of the growth investment program is estimated to exceed €60 million ($66.5 million).
Suominen has two business areas, Convenience and Care. Convenience business area supplies nonwovens as roll goods for a wide range of wiping products. Care business area manufactures nonwovens for hygiene products and medical applications. Net sales of the Convenience business area were €100.8 million ($111.7 million) compared to €104.5 million ($115.8 million) in the same period of 2015 and net sales of the Care business area were €8 million ($8.9 million) compared to €8.4 million ($9.3 million) during the same period last year.
Suominen has two business areas, Convenience and Care. Convenience business area supplies nonwovens as roll goods for a wide range of wiping products. Care business area manufactures nonwovens for hygiene products and medical applications. Net sales of the Convenience business area were €100.8 million ($111.7 million) compared to €104.5 million ($115.8 million) in the same period of 2015 and net sales of the Care business area were €8 million ($8.9 million) compared to €8.4 million ($9.3 million) during the same period last year.