Suominen Corporation news

New Suominen Corporation shares registered with the Trade Register

01.07.10
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News 2010

02.09.2010	Suominen's operating result is expected to be negative Concerning net sales for 2010, Suominen has estimated that delivery volumes are going to grow during the latter half of 2010 in comparison with the first part of the year, but nevertheless not expected to reach the previous year’s level. Operating profit was expected to be lower than in 2009, resulting from the decrease in sales volumes and the rise in raw material and energy costs during the first part of the year.
02.09.2010	Suominen Flexibles to start employee negotiations in Finland Suominen Flexible Packaging Ltd., a part of the Suominen Corporation Group, will start employee negotiations in Finland on 13 September 2010. A negotiation proposal has been given today and the negotiations will concern the entire personnel of Suominen Flexible Packaging Ltd. and the employees of Suominen Corporation in Tampere. Possible headcount reduction will be approximately 120 people. Possible termination of employee contracts will take place between October 2010 and summer 2011, after concluding the employee negotiations.
29.07.2010	Share repurchases completed The share repurchases announced by Suominen Corporation on 18 February 2010 have been completed. Suominen has purchased through NASDAQ OMX Helsinki during 26 February - 27 July 2010 2000,000 Suominen shares. Average price per share was approximately 1.06 euros and total purchase price 212,701.26 euros.
27.07.2010	Share repurchase 27.07.2010
26.07.2010	Share repurchase 26.07.2010
22.07.2010	Share repurchase 22.07.2010
21.07.2010	Share repurchase 21.07.2010
20.07.2010	Share repurchase 20.07.2010
19.07.2010	Share repurchase 19.07.2010
19.07.2010	Presentation 1 January - 30 June 2010
19.07.2010	Share repurchase 16.07.2010
19.07.2010	Interim Report 1 January - 30 June 2010 Rights offering strengthened the balance sheet, result negative Suominen Corporation generated net sales of EUR 44.1 million (43.4) in the second quarter. Operating profit was EUR 0.0 million (1.6), profit before taxes EUR -1.0 million (0.0) and profit after taxes EUR -0.8 million (0.1).
12.07.2010	Share repurchase 12.07.2010
09.07.2010	Share repurchase 08.07.2010 - correction
09.07.2010	Share repurchase 08.07.2010
07.07.2010	Share repurchase 07.07.2010
05.07.2010	Share repurchase 02.07.2010
01.07.2010	Notification according to chapter 2, section 10 of the Securities Markets Act Suominen Corporation has today received a notification of change in holdings in accordance with chapter 2, section 9 of the Securities Markets Act: After subscriptions made in Suominen’s rights offering, the combined holding of Mr. Mikko Maijala and Maijala Investment Oy, in which he has a controlling power, in Suominen Corporation has exceeded the 5 per cent threshold and is now 2,422,633 shares, which corresponds to 5,1 per cent of the company's share capital and voting rights.
01.07.2010	New Suominen Corporation shares registered with the Trade Register
30.06.2010	Final outcome of Suominen Corporation's rights offering
24.06.2010	Suominen Corporation's rights offering oversubscribed
14.06.2010	Supplement to Suominen Corporation’s prospectus dated 4 June 2010
11.06.2010	Suominen Corporation’s Board Member Mr. Heikki Mairinoja sentenced to pay a fine for information offences Suominen Corporation's Board Member Mr. Heikki Mairinoja has been prosecuted for a securities markets information offence related to Perlos Corporation's duty of information at the turn of the year 2002 - 2003. Helsinki District Court has on 27 June 2008 dismissed the charges.
04.06.2010	Suominen Corporation’s prospectus for rights offering published
01.06.2010	The Board of Directors of Suominen Corporation has decided on a rights offering and its terms and conditions
01.06.2010	Resolutions passed by Suominen Corporation’s Extraordinary General Meeting The Extraordinary General Meeting of Suominen Corporation held today authorised the Board of Directors to decide on the issuance of a maximum of 30,000,000 new shares in one or more share issues against payment. The authorisation grants the Board of Directors the right to decide on a directed issue in deviation from the shareholders' pre-emptive right.
26.05.2010	Suominen prepares for approximately eur 10 million rights offering
10.05.2010	Notice to the Extraordinary General Meeting of Suominen Corporation Notice is given to the shareholders of Suominen Corporation to the Extraordinary General Meeting to be held on Tuesday 1 June 2010 at 10:00 a.m. in Congress Hall B at Finlandia Hall, address Mannerheimintie 13 e, Helsinki. The reception of persons who have registered for the meeting and the distribution of voting tickets will commence at 9:30 a.m.
22.04.2010	Interim Report 1 January - 31 March 2010 Negative result for Suominen in Q1 2010 Suominen Corporation generated net sales of EUR 40.6 million (46.9) in the first quarter. Operating profit was EUR -0.3 million (3.6), profit before taxes EUR -1.5 million (2.0) and profit after taxes EUR -1.1 million (1.5). Net sales fell by 14 per cent compared to the first quarter of the previous year. Reasons behind the decrease were the decline in the prices of wet wipes and in the delivery volumes of nonwovens. The result was negative and effected by the above-mentioned decline in net sales as well as the rise in raw material and energy costs. The cost increases are passed on to sales prices with a delay. During the 2009 corresponding period, raw material prices were on a low level. Investments still remained on a low level. The stock of finished products increased as they were built up to meet demand later in spring.
22.04.2010	Presentation 1 January - 31 March 2010
01.04.2010	Conveyance of own shares  In accordance with the authorisation granted to the Board of Directors, own shares were conveyed to the members of Suominen Corporation's Board of Directors as emoluments.
23.03.2010	Resolutions passed by Suominen Corporation's Annual General Meeting The Annual General Meeting of Suominen Corporation approved the financial statements of the parent company and the Group for the financial year 2009 and released the members of the Board of Directors and the President and CEO from liability. The Meeting decided that a dividend of EUR 0.02 per share be paid for the financial year 2009. The Meeting approved the Board of Directors' proposal to amend the Article 11 of the Articles of Association and authorised the Board of Directors to decide on repurchase and conveyance of the company's own shares. The Annual General Meeting of Shareholders was held today on 23 March 2010. The Meeting was opened by the Chairman of the Board of Directors, Mr. Mikko Maijala, and chaired by Attorney-at-law, Mr. Jukka Laitasalo.
23.03.2010	Suominen Corporation's outook for 2010 In the beginning of 2010, demand for Suominen's products and deliveries to customers have been lower than expected and lower than in the corresponding period of the previous year. Finnish harbour strike has affected especially the exports from Nonwovens business unit. Suominen's raw material and energy costs have risen clearly in the beginning of the year and the company has not yet been able to pass on these rises to sales prices. Consequently, Q1 result is expected to be negative.
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.