Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Suominen Rolls Out 2Q Results - Nonwovens Industry

What are you searching for?

Sign in
Financial

Suominen Rolls Out 2Q Results

Author Image

By: Karen McIntyre

Editor, Nonwovens Industry

Suominen has unveiled second quarter 2009 sales and earnings information. During the April-June period, Suominen logged net sales of €43.4 million. Operating profit was €1.6 million.

Net sales for the first two quarters tallied €90.3 million. Operating profit was €5.1million. Profit before taxes was €2.0 million, and profit after taxes totaled €1.6 million.

Net sales receded compared to the corresponding period in 2008 and the first quarter of 2009. Compared to the first six months of 2008, the decrease was 18%.

The company’s results reflect the declining demand that now also affects daily consumer goods and the shift in consumption towards less expensive products, according to executives.

The Wiping Business Segment logged second quarter 2009 net sales of €57.9 million, a decrease of 20% from the same period in 2008.

Meanwhile, net sales of Codi Wipes were €31.8 million, a fall of 11% from the previous year. Net sales of Nonwovens fell 26% to €30.8 million. Delivery volumes of wiping materials dipped in Europe and the U.S.

Add us as a preferred source on Google

Get the latest Nonwovens Industry news, insights and analysis in your Google Search and AI experiences.

Add Nonwovens Industry as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Nonwovens Industry Newsletters

Topics