02.04.21
In the fourth quarter of 2020, Suominen’s net sales increased by 17.6% from the comparison period to €111.1 million ($133.7 million). Sales volumes increased while sales prices decreased following lower raw material prices. Currencies impacted net sales negatively by €7.3 million ($8.8 million).
Net sales of the Americas business area amounted to €66.8 million ($80.4 million) and net sales of the Europe business area €44.3 million ($53.3 million).
In 2020, Suominen’s net sales increased by 11.5% from the comparison period to €458.9 million ($552 million). Sales volumes increased while sales prices decreased following lower raw material prices. Currencies impacted net sales negatively by €11.7 million ($14 million).
Net sales of the Americas business area were €289.1 million ($347.8 million) and net sales of Europe business area €169.9 million ($204.4 million).
Petri Helsky, president and CEO, says: “The year 2020 was characterized by Covid-19. Our primary focus has been, and continues to be, to safeguard the health and safety of our employees, and secondarily to keep our operations running with as limited impacts as possible.
“Financially the year was a record year for Suominen as we achieved the highest ever net sales and operating profit. Net sales increased by 11.5% and amounted to €458.9 million (411.4). Sales volumes increased with the pandemic-driven high demand for wipes, while sales prices decreased following lower raw material prices. Our operating profit improved significantly and amounted to €39.5 million (8.1) thanks to higher production and sales volumes, favorable raw material prices, and improved production and raw material efficiency.”
Net sales of the Americas business area amounted to €66.8 million ($80.4 million) and net sales of the Europe business area €44.3 million ($53.3 million).
In 2020, Suominen’s net sales increased by 11.5% from the comparison period to €458.9 million ($552 million). Sales volumes increased while sales prices decreased following lower raw material prices. Currencies impacted net sales negatively by €11.7 million ($14 million).
Net sales of the Americas business area were €289.1 million ($347.8 million) and net sales of Europe business area €169.9 million ($204.4 million).
Petri Helsky, president and CEO, says: “The year 2020 was characterized by Covid-19. Our primary focus has been, and continues to be, to safeguard the health and safety of our employees, and secondarily to keep our operations running with as limited impacts as possible.
“Financially the year was a record year for Suominen as we achieved the highest ever net sales and operating profit. Net sales increased by 11.5% and amounted to €458.9 million (411.4). Sales volumes increased with the pandemic-driven high demand for wipes, while sales prices decreased following lower raw material prices. Our operating profit improved significantly and amounted to €39.5 million (8.1) thanks to higher production and sales volumes, favorable raw material prices, and improved production and raw material efficiency.”
