Suominen Corporation's insider information on August 12, 2021 at 4:40 p.m. EEST In its Financial Statements release for 2020, published on February 4, 2021, Suominen estimated that its comparable EBITDA
:
“Year 2021 has started well for Suominen. Our net sales increased to EUR 115.3 million (110.2) in the first quarter despite unfavorable currency rates thanks to continued strong demand of our products. Our quarterly comparable EBITDA (earnings before interest, taxes, depreciation and amortization) was record high and amounted to EUR 18.5 million (11.3). This was driven by the high sales volumes, supported by improved production and raw material efficiency and sales mix. As expected, raw material price inflation sped up significantly during the quarter, but the result impact will be fully visible in the coming months.
The COVID-19 pandemic has increased consumption of nonwovens in all our markets and the demand is expected to continue on a high level. In the long term, COVID-19 may lead to a sustained increase in the use of nonwovens for cleaning and disinfection products. However, the risks related to the pandemic, such as possible shortages of raw materials, issues linked to l
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Suominen Corporation
The Board of Directors of Suominen Corporation resolved on a new share-based Long-Term Incentive Plan for management and key employees
The Board of Directors of Suominen Corporation resolved on a new share-based Long-Term Incentive Plan for management and key employees
Suominen Corporation s stock exchange release on
February 4, 2021 at 9:15 a.m. EET
The Board of Directors of Suominen Corporation has resolved on February 3, 2021 on a new share-based Long-Term Incentive Plan for the management and key employees. The aim of the new plan is to combine the objectives of the shareholders and the persons participating in the plan in order to increase the value of the Company in the long-term, to bind the participants to the Company, and to offer them competitive reward plans based on earning and accumulating the Company’s shares.