Financial Statement release 1 January - 31 December 2007 (IFRS)

FINANCIAL STATEMENT RELEASE 1 JANUARY - 31 DECEMBER 2007 (IFRS)                 

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| KEY FIGURES                          |  10-12/ |  10-12/ |   1-12/ |   1-12/ |
|                                      |    2007 |    2006 |       2 |       2 |
|                                      |         |         |     007 |     006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales, EUR million               |    54.1 |    54.2 |   215.2 |   202.6 |
--------------------------------------------------------------------------------
| Operating profit before goodwill     |    -0.6 |     0.8 |     1.7 |     1.2 |
| amortisation, EUR million            |         |         |         |         |
--------------------------------------------------------------------------------
| Operating profit, EUR million        |    -9.0 |     0.8 |    -6.8 |     1.2 |
--------------------------------------------------------------------------------
| Profit/loss for the period, EUR      |    -9.7 |    -0.1 |   -10.1 |    -1.8 |
| million                              |         |         |         |         |
--------------------------------------------------------------------------------
| Earnings/share, EUR                  |   -0.41 |    0.00 |   -0.43 |   -0.08 |
--------------------------------------------------------------------------------
| Cash flow from operations/share, EUR |   -0.03 |    0.20 |    0.12 |    0.53 |
--------------------------------------------------------------------------------

Suominen recorded an improved comparable operating profit for 2007 compared to  
2006, but still booked a loss. An impairment charge against goodwill of EUR 8.4 
million was recorded as a one-off item with no impact on cash flow, resulting in
a loss after taxes of EUR 10.1 million. Profit performance was negatively       
impacted throughout the year by a steady increase in raw material prices,       
equivalent to approximately EUR 3 million. Other costs, particularly oil-related
ones, also rose. Although sales prices were increased, it proved impossible to  
pass on all additional costs. The ongoing operational enhancement programme had 
an approximately EUR 4 million positive impact on performance, although not all 
the programme's targets were achieved.                                          

Suominen Corporation generated net sales of EUR 215.2 million in 2007 up 6 per  
cent on the figure for 2006. Loss before taxes and after goodwill amortisation  
was EUR 10.7 million (-2.7). Earnings per share without one-time write down was 
EUR -0.07 (-0.08).                                                              

Suominen intends continuing its efforts to cut costs and improve operational    
efficiency.                                                                     

The Board of Directors proposes that no dividend be paid for the financial year.


GROUP FINANCIAL RESULTS                                                         

Suominen Corporation's net sales for the fourth quarter totalled EUR 54.1       
million (54.2) and were on the level of the previous year. Operating profit     
before goodwill amortisation was EUR -0.6 million (0.8), profit before taxes EUR
-10.1 million (-0.3) and profit after taxes EUR -9.7 million (-0.1).            

Net sales for the year as a whole totalled EUR 215.2 million (202.6), an        
increase of 6 per cent on the previous year. Operating profit before goodwill   
amortisation was EUR 1.7 million (1.2) and after goodwill amortisation EUR      
-6.8 million. Profit before taxes was EUR -10.7 million (-2.7) and profit after 
taxes EUR -10.1 million (-1.8).                                                 

Sales volumes increased in all units, with the largest increase seen in         
Nonwovens. The steady increase in raw material prices accelerated towards the   
end of the year, and had an approximately EUR 3 million negative impact on      
performance. Price rises based on contractual raw material clauses had a delayed
impact. As price rises continued throughout the year, it proved possible to     
compensate for only part of the total cost increases incurred. A change in the  
sales mix and sliding prices of long-term contracts reduced average sales       
prices. Unit prices for energy, freight, and labour all rose. Thanks to the     
Group's cost-saving and operational enhancement programme, operational costs    
remained at 2006 levels. The operational enhancement programme progressed slower
than planned in Wipes and Nonwovens, and the business failed to achieve its     
targets for operational efficiency.                                             


Cost-saving and operational enhancement programme                               

Suominen currently has a Stairs to Top programme extending over a number of     
years under way designed to improve the Company's competitiveness and           
profitability. This covers both operational development and continuous          
improvement, as well an updated customer offering. This cost-saving and         
operational enhancement programme had an approximately EUR 4 million positive   
impact on the result for 2007, and an approximately EUR 10 million positive     
impact over the last two years. The cost savings included in the programme were 
achieved in 2007, but operational improvement targets are taking longer to      
achieve.                                                                        

The primary benefit of the investments made in 2007 has been to improve         
operational capabilities and Suominen's potential to develop new products. The  
investments in question were commissioned towards the end of the year.          
Investments over the last two years have focused, in particular, on             
strengthening the Group's expertise and recruiting key resources from outside   
the Company. These investments, together with the focus on developing the skills
base, will give Suominen the opportunity to aim for larger savings of EUR 7     
million through its ongoing cost-savings and operational enhancement programme. 
Savings will account for around half of this and will cover all cost areas. The 
aim in operational enhancement will be to increase yields, boost machine speeds,
reduce changeover times, and accelerate capital turnover.                       


Financing                                                                       

Interest-bearing liabilities totalled EUR 99.1 million, i.e. EUR 9.8 million    
more than at the beginning of the year. Liabilities include capital loans of EUR
2 million. Net financial expenses were EUR 3.9 million (3.9) or 1.8 per cent    
(1.9) of net sales. A total of EUR 7.3 million was tied up in working capital in
the cash flow statement mainly due to increase in net sales and inventories. The
equity ratio was 26.9 per cent (32.3), and the gearing ratio (ratio of          
interest-bearing net liabilities to shareholders' equity) was 210.5 per cent    
(154.4). Cash flow from operations was EUR 0.12 per share (0.53).               


Investments                                                                     

The Company's gross investments in production totalled EUR 11.3 million (4.3).  
Planned depreciation amounted to EUR 13.9 million (14.6) and goodwill           
amortisation to EUR 8.4 million. Wet Wipes accounted for EUR 2.5 million (1.0), 
Nonwovens EUR 1.9 million (1.2) and Flexible Packaging EUR 6.9 million (2.1) of 
total investments. The largest investments in 2007 were the expansion of        
Flexible Packaging's operations in Poland, the automation of warehouse handling 
at Wet Wipes, and the modernisation of the water treatment system at Nonwovens. 


SEGMENT RESULTS                                                                 

During the period under review, net sales of the Wipes and Nonwovens business   
area totalled EUR 137.6 million, an increase of 8 per cent on the corresponding 
period in 2006. Sales of Nonwovens increased substantially thanks to strong     
demand. Internal deliveries rose significantly during the fourth quarter, and   
were at 2006 levels for the year as a whole. The comparable underlying operating
profit of Wipes and Nonwovens totalled EUR   -0.4 million (-0.1 million). A     
one-time impairment charge against goodwill was booked totalling EUR 8.4        
million, of which EUR 4.1 million related to Wet Wipes and EUR 4.3 to Nonwovens.

Net sales of Wet Wipes totalled EUR 70.0 million (69.3). Sales volumes rose,    
particularly during the fourth quarter thanks to sales to brand customers.      
Customers' product changes during the summer slowed sales during the second and 
third quarters, after which sales volumes rose again. Sales to retail chains    
were lower than in 2006, and planned sales volumes were not achieved. The       
operational efficiency of machine lines improved compared to 2006, but manning  
levels were planned for a higher level of output. The investment to automate    
warehouse handling functions was completed as planned. Renewal of the unit      
operations to become more customer- and consumer-driven was launched. By        
streamlining the service offering and developing innovative product concepts    
in-house, the aim is to seek higher sales and improved profitability. Additional
resources were committed to developing new business and innovations. Sales      
responsibilities were also shifted to a single director.                        

Net sales of Nonwovens increased by 14 per cent to EUR 77.0 million thanks to   
increased sales of hydroentangled material. Deliveries to the US market were    
high during the first part of the year, and those to Europe correspondingly     
lower. Deliveries reverted to a European focus towards the end of the year.     
Sales of thermobonded nonwovens remained at 2006 levels. Average sales prices   
rose slightly, but failed to compensate for the rise in raw material costs.     
Prices of both oil-based raw materials and viscose rose appreciably through the 
year. Operational efficiency suffered from production-related problems, and     
measures taken to improve performance in this area did not have time to make an 
impact during the year. A reorganisation of the production management team was  
completed by the end of the year. The new heating plant has reduced energy      
costs. An investment to improve efficiency and process water treatment was      
launched at the end of the year.                                                

Net sales of Flexible Packaging totalled EUR 78.3 million, an increase of 3 per 
cent on the previous year. The business area's operating profit totalled EUR 2.4
million (2.0). The growth in net sales was driven by higher sales volumes. This 
was most evident in retail packaging and system & security packaging. Growth was
also seen in food packaging, while hygiene packaging remained at 2006 levels.   
Sales of wrap-around labels for food packaging rose. Flexible Packaging's       
overall sales in Eastern Europe and Russia continued to increase. The prices of 
oil-based raw materials increased by 16 per cent over the year. As a result of  
delays in passing on cost increases to sales prices, it proved possible to      
include only part of these higher costs in sales prices. The new printing       
machine at the plant in Poland was started up on-time, and the expansion of the 
plant there completed. Operational enhancement efforts have been concentrated on
improving printing and converting. A reduction in personnel at the plant in     
Sweden was implemented at the end of the year. Production management was        
reorganised at the turn of the year.                                            


CHANGES IN GROUP ORGANISATION AND MANAGEMENT                                    

Pekka Rautala, Vice President and General Manager of the Wet Wipes business     
unit, resigned and left Suominen on 15 October 2007. His duties will be carried 
out by the President and CEO of Suominen Corporation until further notice.      

Marko Laaksonen was appointed to Group's HR Manager on 15 June 2007.            

The Corporate Executive Team comprises, the President and CEO, and the Vice     
Presidents and General Managers of the Flexible Packaging and Nonwovens         
businesses, and the Vice President and CFO.                                     


ANNUAL GENERAL MEETING OF SHAREHOLDERS                                          

The Annual General meeting of Shareholders held on 29 March 2007 elected Heikki 
Bergholm, Kai Hannus, Pekka Laaksonen, Juhani Lassila, Mikko Maijala and Heikki 
Mairinoja to the Board of Directors. Mikko Maijala has served as Chairman and   
Pekka Laaksonen as Deputy Chairman of the Board.                                

PricewaterhouseCoopers Oy, Authorised Public Accountants, with Heikki Lassila,  
APA, as the principal auditor, were elected as auditors of Suominen Corporation.

The Annual General Meeting decided that a dividend of EUR 0.06 per share be paid
for 2006.                                                                       


SHARE CAPITAL AND SHARES                                                        

Share trading and price                                                         

The number of Suominen Corporation's shares traded on the OMX Nordic Exchange   
Helsinki from 1 January to 31 December 2007 was 8,765,455 shares or 37.0 per    
cent of the shares included in the Company's share capital. The trading price   
varied from EUR 2.01 to EUR 3.79. The final trading price was EUR 2.07, giving  
the Company a market capitalisation of EUR 49.0 million on 31 December 2007.    


Share capital                                                                   

The registered number of issued shares of Suominen totals 23,720,112 shares or  
EUR 11,860,056. There were no changes in share capital during the period under  
review.                                                                         


The Company's own shares                                                        

On 1 January 2007, the Company held 51,121 of its own shares, with an           
acquisition value of EUR 3.19 per share.                                        

The Annual General Meeting of Shareholders held on 29 March 2007 authorised the 
Board of Directors to decide on the acquisition of a maximum of 1,186,000 of the
Company's own shares. The authorisation will be valid for 18 months after the   
decision of the General Meeting. The repurchased shares will be used as payment 
in business acquisitions or other arrangements in the Company's business, to    
finance investments, to implement incentive programmes, will be held by the     
Company, or will be otherwise conveyed or cancelled. The Company's own shares   
will be repurchased otherwise than in proportion to the holdings of the         
shareholders by using non-restricted equity through public trading on the       
Helsinki Stock Exchange at the market price prevailing at the time of           
acquisition.                                                                    

The General Meeting also authorised the Board of Directors to decide on the     
conveyance of a maximum of 1,237,000 of the Company's own shares. The           
authorisation will be valid for 18 months after the end of the General Meeting. 
Within the authorisation the Company has conveyed 14,778 of its own shares as   
emoluments to the Board of Directors in the period under review. The price of   
the conveyed shares was EUR 3.45 per share.                                     

During the period under review, the Board of Directors did not exercise its     
authorities to buy the Company's own shares. On 31 December 2007, Suominen      
Corporation held a total of 36,343 of its own shares, accounting for 0.0 per    
cent of the share capital and votes.                                            


Stock options 2006 and 2007                                                     

Under stock option plan 2006, a maximum of 300,000 stock options shall be issued
to the President and CEO of Suominen Corporation as specified by the Board of   
Directors. Each stock option entitles its holder to subscribe for one Suominen  
Corporation's share with an equivalent book value of EUR 0.50. According to the 
2006B stock option plan a total of 100,000 stock options has been issued in     
2007. The share subscription price for the stock options is the trade           
volume-weighted average price of the Company share on the Helsinki Stock        
Exchange in May 2007 or EUR 3.44. The subscription period for the 2006B stock   
options is from 2 May 2009 to 30 October 2010.                                  

Under stock option plan 2007, a maximum of 200,000 stock options shall be issued
to the Executive Team of Suominen Corporation as specified by the Board of      
Directors. Each stock option entitles its holder to subscribe for one Suominen  
Corporation's share with an equivalent book value of EUR 0.50. According to the 
2007A stock option plan a total of 65,000 stock options has been issued. The    
share subscription price for the stock options is the trade volume-weighted     
average price of the Company share on the Helsinki Stock Exchange in May 2007 or
EUR 3.44. The subscription period for the 2007A stock options is from 2 May 2009
to 30 October 2010.                                                             

As the registered number of Suominen's issued shares totals 23,720,112, the     
number of shares may rise to a maximum of 24,220,112 after stock option         
subscriptions.                                                                  


Other authorisation for the board of directors                                  

The Board of Directors is not currently authorised to issue shares, convertible 
bonds or bonds with warrants.                                                   


Notifications of changes in holdings                                            

On 2 May 2007, Sampo Life Insurance Company reported that its holding in the    
share capital and voting rights of Suominen Corporation had decreased to 3.04   
per cent.                                                                       


OUTLOOK                                                                         

Consumption of the main products produced by Suominen is expected to grow faster
than general consumption on the Company's geographical markets.                 

The focus of Suominen's operations in 2008 will be on securing a clear          
improvement in profitability, strong cash flow and capital structure.           
Investments already made, together with investments in know-how, will help      
improve efficiency. The ongoing cost-saving and efficiency-enhancement programme
is expected to improve Suominen's competitiveness. The prices of the main raw   
materials used by Suominen have continued to increase this year, and they are   
expected to remain high for at least the first part of the year. Also energy    
prices are expected to remain high.                                             

Underlying operating profit is expected to improve on 2007 although no major    
changes are expected in the level of net sales. Beginning of the year, however, 
is anticipated to be challenging.                                               


NEAR-FUTURE UNCERTAINTIES                                                       

The estimate concerning the development of Suominen's net sales is based in part
on forecasts and action plans provided by the Group's customers. Changes in     
these forecasts and plans resulting from changes in the market situation or     
changes in customers' inventory levels could affect Suominen's margins.         

Nonwovens and Flexible Packaging purchase oil-based raw materials to the value  
of some EUR 45 million annually. In addition, significantly amounts of viscose, 
printing inks, and solvents are also purchased. Rapid fluctuations in the world 
market prices of raw materials can affect Suominen's margins.                   

Suominen's cost-saving and operational enhancement efforts are focused on areas 
such as improving yield, increasing machine speeds, and reducing changeover     
time. The benefits of these efforts will be most evident if production volumes  
will not decline from current levels. Delays in the implementation of measures  
or their failure would have a negative impact on the Company's result.          

A more detailed description of Suominen's business risks can be found the Annual
Report for 2007.                                                                


PROPOSAL BY THE BOARD OF DIRECTORS                                              

The parent Company's distributable assets as of the end of 2007 totalled EUR    
12,765,715.67, of which the loss for the year was EUR 8,726,969.70.             

The Board of Directors will propose at the Annual General Meeting to be held on 
27 March 2008 that these funds should be distributed as follows:                

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| No dividend be paid for the financial year, EUR          |              0.00 |
--------------------------------------------------------------------------------
| Leaving on the retained earnings account, EUR            |     12,765,715.67 |
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No substantive changes have taken place in the Company's financial position     
after the end of the 2007 financial year.                                       




SUOMINEN CORPORATION CONSOLIDATED 1 JANUARY - 31 DECEMBER 2007 (IFRS)           

Suominen has adopted the IFRS 7 standard, Financial Instruments, and the        
amendment of the IAS 1 concerning the presentation of financial statements.     
These amendments require additional notes on equity and capital. The Company    
also complies with the interpretation of IFRIC 10 Interim Financial Reporting   
and Impairment, which prohibits, for example, the reversal of impairment losses 
recognised for goodwill during previous interim periods. Changes to published   
accounting standards and interpretations, together with the new accounting      
standards that came into force on 1 January 2007, are presented in the financial
statements for 2006. The accounting principles are consistent in other respects 
with those of the annual financial statements for 2006.                         

The figures in this financial statement have not been audited.                  


STATEMENT OF INCOME                                                             
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| EUR 1 000                    |    10-12/ |    10-12/ |     1-12/ |     1-12/ |
|                              |        20 |        20 |       200 |       200 |
|                              |        07 |        06 |         7 |         6 |
--------------------------------------------------------------------------------
|                              |           |           |           |           |
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| NET SALES                    |    54 072 |    54 228 |   215 245 |   202 627 |
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| Cost of goods sold           |   -51 847 |   -50 199 |  -202 738 |  -189 522 |
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| GROSS PROFIT                 |     2 225 |     4 029 |    12 507 |    13 105 |
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| Other operating income       |       384 |       296 |     1 438 |       724 |
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| Sales and marketing expenses |      -718 |      -893 |    -3 643 |    -3 567 |
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| Research and development     |      -678 |      -537 |    -2 121 |    -2 009 |
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| Administration expenses      |    -1 687 |    -1 583 |    -6 300 |    -6 292 |
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| Other operating expenses     |      -122 |      -531 |      -228 |      -771 |
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| OPERATING PROFIT BEFORE      |      -596 |       781 |     1 653 |     1 190 |
| GOODWILL AMORTISATION        |           |           |           |           |
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| Goodwill amortisation        |    -8 430 |           |    -8 430 |           |
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| OPERATING PROFIT             |    -9 026 |       781 |    -6 777 |     1 190 |
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| Interest and other financial |    -1 031 |    -1 081 |    -3 922 |    -4 024 |
| income and expenses          |           |           |           |           |
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| Fair value gains and losses  |        -5 |        16 |         4 |        97 |
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| PROFIT BEFORE INCOME TAXES   |   -10 062 |      -284 |   -10 695 |    -2 737 |
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| Income taxes                 |       379 |       232 |       564 |       954 |
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| PROFIT/LOSS FOR THE PERIOD   |    -9 683 |       -52 |   -10 131 |    -1 783 |
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| Earnings/share, EUR          |     -0.41 |      0.00 |     -0.43 |     -0.08 |
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KEY FIGURES ON STATEMENT OF INCOME                                              
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|                              |    10-12/ |    10-12/ |     1-12/ |     1-12/ |
|                              |        20 |        20 |       200 |       200 |
|                              |        07 |        06 |         7 |         6 |
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| Net sales, change, % *       |      -0.3 |           |       6.2 |           |
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| Gross profit, % **           |       4.1 |       7.4 |       5.8 |       6.5 |
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| Operating profit, % **       |     -16.7 |       1.4 |      -3.1 |       0.6 |
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| Financial income and         |      -1.9 |      -2.0 |      -1.8 |      -1.9 |
| expenses, % **               |           |           |           |           |
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| Profit before income         |     -18.6 |      -0.5 |      -5.0 |      -1.4 |
| taxes, % **                  |           |           |           |           |
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| Profit for the period, % **  |     -17.9 |      -0.1 |      -4.7 |      -0.9 |
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*  Compared with the corresponding period of the previous year.                 
** As of net sales.                                                             


BALANCE SHEET                                                                   
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| EUR 1 000                                        |     12/2007 |     12/2006 |
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| ASSETS                                           |             |             |
--------------------------------------------------------------------------------
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| Non-current assets                               |             |             |
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| Goodwill                                         |      25 604 |      34 195 |
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| Intangible non-current assets                    |         942 |         944 |
--------------------------------------------------------------------------------
| Tangible non-current assets                      |      74 083 |      77 168 |
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| Available-for-sale financial assets              |         712 |         766 |
--------------------------------------------------------------------------------
| Held-to-maturity investments                     |         100 |         100 |
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| Deferred tax assets                              |         688 |         882 |
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| Non-current assets, total                        |     102 129 |     114 055 |
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| Current assets                                   |             |             |
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| Inventories                                      |      30 765 |      27 840 |
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| Trade receivables                                |      28 718 |      25 583 |
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| Other current receivables                        |       8 873 |       6 240 |
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| Income tax receivables                           |         841 |         918 |
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| Cash at bank and in hand                         |       1 094 |       1 220 |
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| Current assets, total                            |      70 291 |      61 801 |
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| Assets, total                                    |     172 420 |     175 856 |
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--------------------------------------------------------------------------------
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| SHAREHOLDERS' EQUITY AND LIABILITIES             |             |             |
--------------------------------------------------------------------------------
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| Shareholders' equity                             |             |             |
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| Share capital                                    |      11 860 |      11 860 |
--------------------------------------------------------------------------------
| Share premium account                            |      24 681 |      24 681 |
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| Fair value and other reserves                    |       1 661 |       1 185 |
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| Translation differences                          |       1 202 |         738 |
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| Other shareholders' equity                       |       6 903 |      18 279 |
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| Shareholders' equity, total                      |      46 307 |      56 743 |
--------------------------------------------------------------------------------
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| Liabilities                                      |             |             |
--------------------------------------------------------------------------------
| Non-current liabilities                          |             |             |
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| Deferred tax liabilities                         |       5 848 |       6 768 |
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| Pension liabilities                              |             |         314 |
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| Provisions                                       |             |          85 |
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| Capital loans                                    |             |       2 000 |
--------------------------------------------------------------------------------
| Interest-bearing liabilities                     |      62 186 |      63 133 |
--------------------------------------------------------------------------------
| Other non-current liabilities                    |             |          13 |
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| Non-current liabilities, total                   |      68 034 |      72 313 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current liabilities                              |             |             |
--------------------------------------------------------------------------------
| Interest-bearing liabilities                     |      34 933 |      22 202 |
--------------------------------------------------------------------------------
| Provisions                                       |         100 |         115 |
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| Capital loans                                    |       2 000 |       2 000 |
--------------------------------------------------------------------------------
| Income tax liabilities                           |             |          67 |
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| Trade payables and other current liabilities     |      21 046 |      22 416 |
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| Current liabilities, total                       |      58 079 |      46 800 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Liabilities, total                               |     126 113 |     119 113 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Shareholders' equity and liabilities, total      |     172 420 |     175 856 |
--------------------------------------------------------------------------------


CASH FLOW STATEMENT                                                             
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| EUR 1 000                                        |   1-12/2007 |   1-12/2006 |
--------------------------------------------------------------------------------
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| Operations                                       |             |             |
--------------------------------------------------------------------------------
| Operating profit                                 |      -6 777 |       1 190 |
--------------------------------------------------------------------------------
| Total adjustments                                |      21 430 |      14 855 |
--------------------------------------------------------------------------------
| Cash flow before change in working capital       |      14 653 |      16 045 |
--------------------------------------------------------------------------------
| Change in working capital                        |      -7 256 |       1 978 |
--------------------------------------------------------------------------------
| Financial items                                  |      -3 852 |      -4 835 |
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| Taxes paid                                       |        -791 |        -605 |
--------------------------------------------------------------------------------
| Cash flow from operations before                 |       2 754 |      12 583 |
| interest-bearing receivables                     |             |             |
--------------------------------------------------------------------------------
| Change in interest-bearing receivables           |          -5 |        -100 |
--------------------------------------------------------------------------------
| Cash flow from operations                        |       2 749 |      12 483 |
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| Investments                                      |             |             |
--------------------------------------------------------------------------------
| Investments in tangible and intangible assets    |     -12 898 |      -3 135 |
--------------------------------------------------------------------------------
| Proceeds from disposal of fixed assets           |       1 634 |         666 |
| and other proceeds                               |             |             |
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| Cash flow from investing activities              |     -11 264 |      -2 469 |
--------------------------------------------------------------------------------
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| Financing                                        |             |             |
--------------------------------------------------------------------------------
| Repurchase of own shares                         |             |        -157 |
--------------------------------------------------------------------------------
| Non-current loans drawn                          |      18 371 |       5 000 |
--------------------------------------------------------------------------------
| Repayments of non-current loans                  |     -12 042 |     -10 792 |
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| Capital loans                                    |      -2 000 |      -2 000 |
--------------------------------------------------------------------------------
| Foreign exchange profit or loss                  |         522 |             |
--------------------------------------------------------------------------------
| Dividends paid                                   |      -1 420 |             |
--------------------------------------------------------------------------------
| Change in current loans                          |       4 934 |      -2 015 |
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| Cash flow from financing                         |       8 365 |      -9 964 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Change in cash and cash equivalents              |        -150 |          51 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| KEY FIGURES                                    |    12/2007 |    |   12/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings/share, EUR                            |      -0.43 |    |     -0.08 |
--------------------------------------------------------------------------------
| Equity/share, EUR                              |       1.96 |    |      2.40 |
--------------------------------------------------------------------------------
| Dividend/share, EUR                            |       0.00 | *  |      0.06 |
--------------------------------------------------------------------------------
| Cash flow from operations/share, EUR           |       0.12 |    |      0.53 |
--------------------------------------------------------------------------------
| Return on equity (ROE), %                      |      -18.8 |    |      -3.1 |
--------------------------------------------------------------------------------
| Return on invested capital (ROI), %            |       -4.5 |    |       0.9 |
--------------------------------------------------------------------------------
| Equity ratio, %                                |       26.9 |    |      32.3 |
--------------------------------------------------------------------------------
| Gearing, %                                     |      210.5 |    |     154.4 |
--------------------------------------------------------------------------------
| Gross investments, EUR 1 000                   |     11 266 |    |     4 337 |
--------------------------------------------------------------------------------
| Depreciation and impairment losses, EUR 1 000  |     13 934 |    |    14 694 |
--------------------------------------------------------------------------------
| Goodwill amortisation, EUR 1 000               |      8 430 |    |           |
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* Proposal by the Board of Directors                                            


SEGMENT REPORTING                                                               

WIPES AND NONWOVENS                                                             
--------------------------------------------------------------------------------
| EUR 1 000                           |  1-12/2007 |   1-12/2006 |    Change % |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales                           |            |             |             |
--------------------------------------------------------------------------------
| - Wet Wipes                         |     70 032 |      69 299 |         1.1 |
--------------------------------------------------------------------------------
| - Nonwovens                         |     76 970 |      67 296 |        14.4 |
--------------------------------------------------------------------------------
| - eliminations                      |     -9 413 |      -9 687 |             |
--------------------------------------------------------------------------------
| Total                               |    137 589 |     126 908 |         8.4 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Operating profit before goodwill    |       -359 |        -149 |             |
| amortisation                        |            |             |             |
--------------------------------------------------------------------------------
| % of net sales                      |       -0.3 |        -0.1 |             |
--------------------------------------------------------------------------------
| Goodwill amortisation               |     -8 430 |             |             |
--------------------------------------------------------------------------------
| Operating profit                    |     -8 789 |        -149 |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Assets                              |    108 295 |     116 435 |             |
--------------------------------------------------------------------------------
| Liabilities                         |     12 884 |      13 943 |             |
--------------------------------------------------------------------------------
| Net assets                          |     95 411 |     102 492 |             |
--------------------------------------------------------------------------------
| Investments                         |      4 379 |       2 150 |             |
--------------------------------------------------------------------------------
| Depreciation and impairment losses  |      8 407 |       8 768 |             |
--------------------------------------------------------------------------------
| Goodwill amortisation               |      8 430 |             |             |
--------------------------------------------------------------------------------
| Average personnel                   |        466 |         455 |             |
--------------------------------------------------------------------------------


FLEXIBLE PACKAGING                                                              
--------------------------------------------------------------------------------
| EUR 1 000                           |  1-12/2007 |   1-12/2006 |    Change % |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales                           |     78 269 |      75 987 |         3.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Operating profit                    |      2 407 |       1 958 |        22.9 |
--------------------------------------------------------------------------------
| % of net sales                      |        3.1 |         2.6 |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Assets                              |     59 744 |      55 127 |             |
--------------------------------------------------------------------------------
| Liabilities                         |      9 896 |       8 313 |             |
--------------------------------------------------------------------------------
| Net assets                          |     49 848 |      46 814 |             |
--------------------------------------------------------------------------------
| Investments                         |      6 852 |       2 122 |             |
--------------------------------------------------------------------------------
| Depreciation and impairment losses  |      5 481 |       5 873 |             |
--------------------------------------------------------------------------------
| Average personnel                   |        593 |         593 |             |
--------------------------------------------------------------------------------


CONSOLIDATION ITEMS                                                             
--------------------------------------------------------------------------------
| EUR 1 000                                   |     1-12/2007 |      1-12/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales                                   |          -613 |           -268 |
--------------------------------------------------------------------------------
| Operating profit                            |          -395 |           -619 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Assets                                      |         4 381 |          4 294 |
--------------------------------------------------------------------------------
| Liabilities                                 |       103 333 |         96 857 |
--------------------------------------------------------------------------------
| Investments                                 |            35 |             65 |
--------------------------------------------------------------------------------
| Depreciation and impairment losses          |            46 |             53 |
--------------------------------------------------------------------------------
| Average personnel                           |            11 |             10 |
--------------------------------------------------------------------------------


NET SALES BY MARKET AREA                                                        
--------------------------------------------------------------------------------
| EUR 1 000                                   |     1-12/2007 |      1-12/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Finland                                     |        34 139 |        33 208  |
--------------------------------------------------------------------------------
| Scandinavia                                 |        22 032 |        21 539  |
--------------------------------------------------------------------------------
| The Netherlands                             |        19 022 |        40 348  |
--------------------------------------------------------------------------------
| Other Europe                                |       104 539 |         82 421 |
--------------------------------------------------------------------------------
| Other countries                             |        35 513 |        25 111  |
--------------------------------------------------------------------------------
| Net sales, total                            |       215 245 |       202 627  |
--------------------------------------------------------------------------------


QUARTERLY FIGURES                                                               
--------------------------------------------------------------------------------
| EUR 1 000           |   I/2007 |  II/2007 | III/2007 |   IV/2007 | I-IV/2007 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| NET SALES           |          |          |          |           |           |
--------------------------------------------------------------------------------
| Wipes and Nonwovens |          |          |          |           |           |
--------------------------------------------------------------------------------
| - Wet Wipes         |   17 997 |   15 485 |   17 774 |    18 776 |    70 032 |
--------------------------------------------------------------------------------
| - Nonwovens         |   17 901 |   19 119 |   21 370 |    18 580 |    76 970 |
--------------------------------------------------------------------------------
| - eliminations      |   -1 354 |   -2 137 |   -2 643 |    -3 280 |    -9 413 |
--------------------------------------------------------------------------------
| Total               |   34 544 |   32 467 |   36 501 |    34 076 |   137 589 |
--------------------------------------------------------------------------------
| Flexible Packaging  |   19 865 |   18 833 |   19 408 |    20 163 |    78 269 |
--------------------------------------------------------------------------------
| Consolidation items |     -110 |     -127 |     -208 |      -168 |      -613 |
| and eliminations    |          |          |          |           |           |
--------------------------------------------------------------------------------
| Net sales, total    |   54 299 |   51 173 |   55 701 |    54 071 |   215 245 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| OPERATING PROFIT    |          |          |          |           |           |
--------------------------------------------------------------------------------
| Wipes and Nonwovens |      587 |     -721 |      559 |      -784 |      -359 |
--------------------------------------------------------------------------------
|  % of net sales     |      1.7 |     -2.2 |      1.5 |      -2.3 |      -0.3 |
--------------------------------------------------------------------------------
| Flexible Packaging  |      952 |    1 169 |       52 |       234 |     2 407 |
--------------------------------------------------------------------------------
|  % of net sales     |      4.8 |      6.2 |      0.3 |       1.2 |       3.1 |
--------------------------------------------------------------------------------
| Consolidation items |     -289 |        6 |      -66 |       -46 |      -395 |
| and eliminations    |          |          |          |           |           |
--------------------------------------------------------------------------------
| Operating profit    |    1 250 |      454 |      545 |      -596 |     1 653 |
| before goodwill     |          |          |          |           |           |
| amortisation        |          |          |          |           |           |
--------------------------------------------------------------------------------
|  % of net sales     |      2.3 |      0.9 |      1.0 |      -1.1 |       0.8 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Goodwill            |          |          |          |    -8 430 |    -8 430 |
| amortisation        |          |          |          |           |           |
--------------------------------------------------------------------------------
| Operating profit,   |    1 250 |      454 |      545 |    -9 026 |    -6 777 |
| total               |          |          |          |           |           |
--------------------------------------------------------------------------------
|  % of net sales     |      2.3 |      0.9 |      1.0 |     -16.7 |      -3.1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| NET FINANCIAL       |     -939 |     -897 |   -1 046 |    -1 036 |    -3 918 |
| EXPENSES            |          |          |          |           |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| PROFIT BEFORE       |      311 |     -443 |     -501 |   -10 062 |   -10 695 |
| INCOME TAXES        |          |          |          |           |           |
--------------------------------------------------------------------------------


INFORMATION ON RELATED PARTIES                                                  

Suominen has related party relationships with the members of the Board of       
Directors, and the President and CEO of the Parent Company and the members of   
the Corporate Executive Team. The Company has no investments in associated      
companies. Salaries paid to the related parties amounted to EUR 1 279 thousand  
(1 206).                                                                        


MOVEMENTS IN BORROWINGS                                                         
--------------------------------------------------------------------------------
| EUR 1 000                                           | 1-12/2007 |  1-12/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total borrowings on 1 January                       |    89 335 |     99 142 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current loans from financial institutions on 1      |     8 000 |            |
| January                                             |           |            |
--------------------------------------------------------------------------------
| Change in current loans from financial institutions |    -5 000 |      8 000 |
--------------------------------------------------------------------------------
| Current loans from financial institutions on 31     |     3 000 |      8 000 |
| December                                            |           |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Commercial papers on 1 January                      |     5 402 |     15 417 |
--------------------------------------------------------------------------------
| Change in commercial papers                         |     9 934 |    -10 015 |
--------------------------------------------------------------------------------
| Commercial papers on 31 December                    |    15 336 |      5 402 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-current loans on 1 January                      |    71 933 |     77 725 |
--------------------------------------------------------------------------------
| Change in non-current loans                         |     6 850 |     -5 792 |
--------------------------------------------------------------------------------
| Non-current loans on 31 December                    |    78 783 |     71 933 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Capital loans on 1 January                          |     4 000 |      6 000 |
--------------------------------------------------------------------------------
| Change in capital loans                             |    -2 000 |     -2 000 |
--------------------------------------------------------------------------------
| Capital loans on 31 December                        |     2 000 |      4 000 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total borrowings on 31 December                     |    99 119 |     89 335 |
--------------------------------------------------------------------------------


CHANGES IN FIXED ASSETS                                                         
--------------------------------------------------------------------------------
| EUR 1 000                |      1-12/ |            |      1-12/ |            |
|                          |       2007 |            |       2006 |            |
--------------------------------------------------------------------------------
|                          |   Tangible | Intangible |   Tangible | Intangible |
--------------------------------------------------------------------------------
| Book value at the        |     77 168 |        944 |     88 129 |      1 022 |
| beginning of the period  |            |            |            |            |
--------------------------------------------------------------------------------
| Investments              |     11 087 |        179 |      4 108 |        129 |
--------------------------------------------------------------------------------
| Decreases                |     -1 600 |            |       -672 |            |
--------------------------------------------------------------------------------
| Depreciation and         |    -13 730 |       -203 |    -14 505 |       -189 |
| impairments              |            |            |            |            |
--------------------------------------------------------------------------------
| Translation differences  |      1 158 |         22 |        108 |        -18 |
| and other changes        |            |            |            |            |
--------------------------------------------------------------------------------
| Book value at the end of |     74 083 |        942 |     77 168 |        944 |
| the period               |            |            |            |            |
--------------------------------------------------------------------------------


CONTINGENT LIABILITIES                                                          
--------------------------------------------------------------------------------
| EUR 1 000                                    |       12/2007 |       12/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| FOR OWN DEBT                                 |               |               |
--------------------------------------------------------------------------------
| Real estate mortgages                        |         5 045 |         5 046 |
--------------------------------------------------------------------------------
| Corporate mortgages                          |         1 177 |         1 177 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| OTHER OWN COMMITMENTS                        |               |               |
--------------------------------------------------------------------------------
| Leasing payments and commitments             |        10 226 |         8 555 |
--------------------------------------------------------------------------------
| Rent commitments                             |        13 209 |        15 767 |
--------------------------------------------------------------------------------
| Guarantee commitment for financial lease of  |         1 557 |         1 642 |
| discontinued operations                      |               |               |
--------------------------------------------------------------------------------


NOMINAL AND FAIR VALUES OF DERIVATIVE FINANCIAL INSTRUMENTS                     

--------------------------------------------------------------------------------
| EUR 1 000                     |  12/2007 |           |           |   12/2006 |
--------------------------------------------------------------------------------
|                               |  Nominal |     Fair  |   Nominal |     Fair  |
|                               |    value |     value |     value |     value |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Currency derivatives          |          |           |           |           |
--------------------------------------------------------------------------------
| Held for trading              |   10 724 |        69 |     9 750 |        -5 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest rate derivatives     |          |           |           |           |
--------------------------------------------------------------------------------
| Held for hedge accounting     |   65 667 |     1 123 |    55 633 |     1 098 |
--------------------------------------------------------------------------------
| Held for trading              |          |           |     5 000 |       -10 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Electricity derivatives       |          |           |           |           |
--------------------------------------------------------------------------------
| Held for hedge accounting     |    4 683 |     1 337 |     5 353 |       781 |
--------------------------------------------------------------------------------
| Held for trading              |          |           |       285 |        -2 |
--------------------------------------------------------------------------------




Helsinki, 11 February 2008                                                      

SUOMINEN CORPORATION                                                            

Board of Directors                                                              


Additional information:                                                         
Mr. Kalle Tanhuanpää, President and CEO, tel. +358 (0)10 214 300.
result-2007.pdf

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