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Suominen posts best quarter results

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By: Karen McIntyre

Editor, Nonwovens Industry

Suominen Corporation generated net sales of €121.8 million ($154 million) in the third quarter making it the year’s strongest quarter. Operating profit before non-recurring items was €6.7 million ($8.5 million). This quarter was the most profitable since the new Suominen was formed last autumn.

“During the third quarter of the year our performance further improved, both sales and profit were at their highest level for this year. Sales increased in our wiping segment, due to favorable development in the nonwovens business,” says president and CEO Nina Kopola. “The positive effect of the acquisition last year can clearly be seen in our results. At the moment we are sharpening our strategy for all the businesses, however, more stringently so for the nonwovens business. Further improving our profitability will continue to be our main operational focus. In the future we will be targeting a visible shift in the portfolio towards more value added products. This will guide our efforts in business and product development.”

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