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Suominen Oyj (SUY1V.HE)

SUY1V.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Suominen Q1 net sales up at EUR 112.9 million
Wednesday, 26 Apr 2017 06:00am EDT 

April 26 (Reuters) - SUOMINEN OYJ ::Q1 NET SALES EUR 112.9 MILLION VERSUS EUR 103.9 MILLION YEAR AGO.Q1 OPERATING PROFIT EUR 6.3 MILLION VERSUS EUR 5.5 MILLION YEAR AGO.  Full Article

Suominen aims for net sales to exceed EUR 600 million by 2021
Wednesday, 26 Apr 2017 05:55am EDT 

April 26 (Reuters) - SUOMINEN OYJ ::SUOMINEN CORPORATION’S STRATEGY FOR 2017-2021 AIMS AT SIGNIFICANT NET SALES GROWTH AND ELEVATING PROFITABILITY TO A NEW LEVEL.DURING STRATEGIC PERIOD OF 2017-2021 AIMS TO REACH AVERAGE RETURN ON INVESTMENT (ROI) OF 15% DURING PERIOD.AIMS TO REACH AN AVERAGE ANNUAL NET SALES GROWTH RATE OF 6 PERCENT DURING PERIOD.SEES OPERATING WITH A GEARING RATIO PRINCIPALLY IN RANGE OF 40-80%.UPDATED COMPANY'S DIVIDEND POLICY.AIMS TO DISTRIBUTE AT LEAST 30% OF ITS PROFIT FOR PERIOD IN ANNUAL DIVIDENDS.AIMS FOR NET SALES TO EXCEED EUR 600 MILLION BY 2021.SAYS OPERATING PROFIT MARGIN WILL ELEVATE TO ABOVE 10% IF SUOMINEN SUCCEEDS IN EXECUTING ITS STRATEGY.  Full Article

Suominen Q4 operating profit down at EUR 3.5 million
Tuesday, 31 Jan 2017 05:00am EST 

Suominen Oyj : Q4 net sales 100.4 million euros ($107.5 million) versus 104.2 million euros year ago . Q4 operating profit 3.5 million euros versus 4.3 million euros year ago . Expects full year 2017 net sales to improve from year 2016 . 2017 comparable operating profit is estimated to improve from year 2016, provided that new production line at Bethune plant will be started up as planned .Proposes 2016 dividend of 0.11 euro per share.  Full Article

Suominen Q2 operating profit ex-items down at EUR 8.7 million
Tuesday, 9 Aug 2016 05:00am EDT 

Suominen Oyj : Q2 comparable operating profit 8.7 million euros ($9.7 million) versus 9.9 million euros year ago . Q2 net sales 108.8 million euros versus 112.9 million euros year ago . Repeats its previous estimate, disclosed on April 28, 2016 .Still expects 2016 net sales and comparable operating profit to improve from 2015.  Full Article

Suominen gives FY 2016 guidance, proposes dividend for FY 2015
Friday, 29 Jan 2016 05:00am EST 

Suominen Oyj:Expects in FY 2016 net sales and operating profit excluding non-recurring items to improve from year FY 2015.Reported net sale of 444 million euros, operating profit ex. items of 31.2 million crowns in FY 2015.FY 2016 revenue 483.00 million euros-Thomson Reuters I/B/E/S.Proposes 0.02 euro per share dividend distribution from FY 2015​​.  Full Article

Suominen launches three new FIBRELLA products in its Medical product portfolio
Monday, 16 Nov 2015 03:00am EST 

Suominen Oyj:Suominen launches three new FIBRELLA products in its Medical product portfolio.  Full Article

Suominen launches FIBRELLA Move nonwoven for the global hygiene market
Tuesday, 27 Oct 2015 04:00am EDT 

Suominen Oyj:Suominen launches FIBRELLA Move nonwoven for the global hygiene market.  Full Article

Suominen specifies FY 2015 profit guidance, repeats net sales outlook
Monday, 26 Oct 2015 02:30am EDT 

Suominen Oyj:Specifies its guidance regarding operating profit for FY 2015.Expects that FY 2015 operating profit from continuing operations ex. items will improve markedly from FY 2014.Earlier estimated that FY 2015 operating profit ex. items from continuing operations would improve from FY 2014.For net sales, repeats previous estimate - FY 2015 net sales for continuing operations to improve from FY 2014.Reported net sales of the continuing operations in FY 2014 of 401.8 million euros and operating profit ex. items of 26.9 million euros.FY 2015 revenue 452.70 million euros-Thomson Reuters I/B/E/S.  Full Article

Suominen extends growth investment program to 60 mln euros
Tuesday, 1 Sep 2015 02:10am EDT 

Suominen Oyj:Extends its growth investment program to 60 million euros and specifies the value of its investment at the Bethune plant.Decides to extend its growth investment program to about 60 million euros due to promising growth prospects in high value added nonwovens.Earlier, Suominen had stated that company will spend 30 million - 50 million euros in growth investments during strategic period of 2015-2017.Specifies total value of its investment in a new wetlaid line at Bethune plant in SC, US.Total value of investment project, including both equipment and facilities, will be close to 50 million euros.Has selected Andritz as main supplier and integrator of project.  Full Article

Suominen Oyj comments on FY 2015 guidance
Friday, 17 Jul 2015 06:00am EDT 

Suominen Oyj:Says that for FY 2015 it expects net sales and operating profit excluding non-recurring items to improve from FY 2014.  Full Article

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BRIEF-Suominen Q1 net sales up at EUR 112.9 million

* Q1 NET SALES EUR 112.9 MILLION VERSUS EUR 103.9 MILLION YEAR AGO