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Suominen’s Net Sales Decrease

Sales fall 19% in the quarter

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

In July–September 2023, Suominen’s net sales decreased from the comparison period by 19% to €106.4 million ($112.2 million). Sales prices decreased following the decline in raw material prices. Sales volumes decreased following the closure of the Mozzate plant in Italy in the second quarter. Currencies impacted the net sales negatively by €5.2 million ($5.5 million).

Suominen has two business areas, Americas and Europe. Net sales of the Americas business area amounted to €70.9 million ($74.8 million) and net sales of the Europe business area to €35.6 million ($37.6 million).

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