Suominen has two business areas, Convenience and Care. Net sales of the Convenience business area were €90.7 million ($112.4 million) and net sales of the Care business area €8 million ($9.9 million) in the fourth quarter. The Convenience business area supplies nonwovens as roll goods for a wide range of wiping applications. The Care business area manufactures nonwovens for hygiene products and medical applications. Due to the reclassification of a customer between applications, the figures for the comparison period have been restated.
In 2017, Suominen’s net sales increased by 2% from the comparison period to €426 million ($527.8 million), mainly thanks to improved sales volumes. The weakening of the USD compared to euro decreased the net sales of 2017 by approximately €4.8 million ($5.9 million).
Net sales of the Convenience business area were €388.6 million ($481.5 million) and net sales of the Care business area were €37.5 million ($46.5 million). The main application areas for nonwoven materials supplied by Suominen were baby wipes (accounting for 41% of the sales), personal care wipes (21%), home care wipes (19%), wipes for workplace use (9%), and hygiene and medical products (9%). The shares of nonwovens for baby wipes, home care wipes and hygiene and medical products increased in the product portfolio.