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Down 2% to €110 million
August 3, 2018
By: Tara Olivo
In April-June 2018, Suominen’s net sales decreased by 2% from the comparison period to €110 million ($127.8 million). Measures taken in pricing had a positive impact on the net sales, but were counteracted by the changes in EUR/USD exchange rate and lower sales volumes. The weakening of the USD compared to EUR decreased the net sales by €5.2 million ($6 million). 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 amounted to €99.9 million ($116 million) and net sales of the Care business area €10 million ($11.6 million).
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