Suominen raises its net sales outlook for 2014
Helsinki, Finland, 2014-02-10 15:25 CET (GLOBE NEWSWIRE) --
Suominen Corporation Stock Exchange Release 10 February 2014 at 16:25 EET
SUOMINEN RAISES ITS NET SALES OUTLOOK FOR 2014
Suominen Corporation has today completed the acquisition of Paulínia plant in Brazil from Ahlstrom Corporation. Due to the closing of the deal, Suominen raises its net sales outlook for 2014.
Suominen estimates that its net sales and operating profit excluding non-recurring items for the full year 2014 improve from year 2013.
In its previous estimate, disclosed on 30 January 2014 as part of its Financial Statement Release, Suominen anticipated that with its current group structure, its group net sales for the full year 2014 would remain at the level of 2013. Operating profit excluding non-recurring items was expected to improve from year 2013.
In 2013, Suominen’s net sales were EUR 433.1 million and operating profit excluding non-recurring items was EUR 18.3 million (continuing operations).
Nina Kopola, President & CEO
For additional information, please contact Nina Kopola, President & CEO, tel. +358 (0)10 214 300
Suominen in brief
Suominen supplies its industrial and retail customers with nonwovens and flexible packaging for use in consumer products worldwide. Suominen is the global market leader in nonwovens for wipes. The company employs more than 1,000 people in Europe and in the United States. Suominen’s net sales in 2013 amounted to MEUR 433.1 and operating profit excluding non-recurring items was MEUR 18.3 (continuing operations). The Suominen share (SUY1V) is listed in NASDAQ OMX Helsinki Stock Exchange. Read more at www.suominen.fi.
NASDAQ OMX Helsinki Ltd.