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Suominen’s Sales Decline

Fourth quarter sales fell nearly 14% to €94.5 million

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

In the fourth quarter of 2019, Suominen’s net sales decreased by 13.9% from the comparison period to €94.5 million ($104 million), due to lower sales volumes as well as lower sales prices driven by declining raw material prices.

Since July 1, Suominen has two business areas, Americas and Europe. Net sales of the Americas business area amounted to €62.2 million ($68.5 million) and net sales of the Europe business area €32.3 million ($35.6 million).
 
In financial year 2019, Suominen’s net sales decreased by 4.6% from the comparison period to €411.4 million ($453.2 million). Its sales volumes decreased from the comparison period, while sales prices increased slightly. The strengthening of the USD compared to EUR increased the net sales by €12.5 million ($13.8 million). 

Net sales of the Americas business area were €261.7 million ($288.3 million) and net sales of Europe business area €149.8 million ($165 million).

In 2019, the share of nonwovens for baby wipes was 40%, for personal care wipes 22%, for home care wipes 20%, for workplace wipes 9% and for medical & hygiene applications 8%.

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