Suominen Corporation news
News 2010
| 09.03.2010 | Employee negotiations concluded at Suominen Nonwovens Employee negotiations at Suominen Nonwovens' Nakkila plant have been concluded. |
| 02.03.2010 | Suominen's Annual Report and annual summary 2009 have been published Suominen Corporation’s Annual Report and Financial Statements for 2009 have been published in Finnish and English. |
| 18.02.2010 | Suominen to repurchase own shares Based on the authorisation given by the Annual General Meeting held on 20 March 2009, the Board of Directors of Suominen Corporation has decided to repurchase own shares. According to the authorisation, the repurchased shares will be used as an element in the Company’s incentive pro-gramme. A maximum of 200,000 shares will be acquired through public trading on the NASDAQ OMX Helsinki at the market price prevailing at the time of acquisition. |
| 12.02.2010 | Notice to Annual General Meeting of Shareholders of Suominen Corporation Notice is given to the shareholders of Suominen Corporation to the Annual General Meeting to be held on Tuesday 23 March 2010 at 1.00 p.m. in the Restaurant Palace, Conference Hall, Eteläranta 10, Helsinki. |
| 11.02.2010 | The Board of Directors of Suominen Corporation decided on key personnel incentive plan The Board of Directors of Suominen Corporation has approved a binding share bonus plan for the Group key personnel. The Plan supplements the key personnel annual bonus scheme. The aim of the Plan is to combine the objectives of the shareholders and the key personnel in order to increase the value of the Company and to commit the key personnel to the Company. |
| 11.02.2010 | Corporate governance statement Suominen Corporation’s corporate governance statement for 2009 is available on the company’s website at www.suominen.fi. Tampere, 11 February 2010 SUOMINEN CORPORATION Arto Kiiskinen Vice President and CFO |
| 11.02.2010 | Financial statement release 1 January - 31 December 2009 Strong cash flow from operations and Profitable result in 2009 Suominen’s financial performance improved on the previous year, and profit before taxes was EUR 1.0 million (-8.8). The financial statements include non-recurring costs of EUR 1.2 million (4.1). Suominen Corporation’s net sales in 2009 totalled EUR 179.4 million and declined by 16 percent on the previous year. Profit after taxes was EUR 0.9 million (-7.2) and earnings per share were EUR 0.04 (-0.31). Payment of a dividend of EUR 0.02 per share is proposed by the Board of Directors. |
| 11.02.2010 | Presentation 1 January - 31 December 2009 |
| 11.02.2010 | Suominen Nonwovens issues temporary lay-off warning Due to the general market situation, and on the basis of estimates by customers, a temporary decline is predicted in demand for nonwovens produced by Suominen. Therefore, the Suominen Nonwovens business unit will initiate employee negotiations concerning potential temporary lay-offs that involve the entire personnel at the Nakkila plant, approximately 180 people, or parts of the organisation. The intention is to implement the potential lay-offs, estimated to total 24 days, in short periods between February and June 2010. |