Suominen Reports Growing Sales Volumes

In July – September 2017, Suominen’s net sales decreased by 1% from the comparison period to €102.4 million ($118.9 million). Improved demand was reflected in growing sales volumes, but the changes in U.S. dollar exchange rate compared to euro decreased net sales by €3.4 million ($3.9 million) from the comparison period. In addition, the unfavorable change in the product mix somewhat offset the impact of volume growth.

Suominen has two business areas, Convenience and Care. Convenience business area supplies nonwovens as roll goods for a wide range of wiping applications. Care business area manufactures nonwovens for hygiene products and medical applications. Net sales of the Convenience business area were €93 million ($108 million) and net sales of the Care business area €9.3 million ($10.8 million). Due to the reclassification of a customer between applications, the figures for the comparison period have been restated.