Suominen Corporation s Financial Statements Release for January 1-December 31, 2020: Record year in both net sales and profitability
Suominen Corporation s Financial Statements Release for January 1-December 31, 2020: Record year in both net sales and profitability
Key figures
8.5
7.3
17.9
0.31
0.13
-
- 2020 proposal to the Annual General Meeting In this Financial Statement Release, the figures shown in brackets refer to the comparison period last year if not otherwise stated.
October-December 2020 in brief: - Operating profit improved significantly to EUR 8.5 million (1.4) - Cash flow from operations improved to EUR 17.9 million (5.7)
Financial year 2020 in brief:
- Net sales increased by 11.5% and were EUR 458.9 million (411.4)
- Operating profit improved significantly to EUR 39.5 million (8.1)
2020 proposal to the Annual General Meeting
In this Financial Statement Release, the figures shown in brackets refer to the comparison period last year if not otherwise stated.
October–December 2020 in brief:
- Net sales increased by 17.6% and were EUR 111.1 million (94.5)
- Operating profit improved significantly to EUR 8.5 million (1.4)
- Cash flow from operations improved to EUR 17.9 million (5.7)
Financial year 2020 in brief:
- Net sales increased by 11.5% and were EUR 458.9 million (411.4)
- Operating profit improved significantly to EUR 39.5 million (8.1)
- Cash flow from operations was strong and totaled to EUR 57.0 million (29.9)
- Board of Directors proposes to the Annual General meeting a dividend of EUR 0.10 per share and in addition to the dividend, a return of capital of EUR 0.10 per share
Proposals by the Nomination Board to the Annual General Meeting 2021 of Suominen
Suominen Corporation s stock exchange release on
January 29, 2021 at 9:30 a.m. EET
Proposal on the number of the members, on the composition, and on the Chair of the Board of Directors
The Nomination Board of Suominen Corporation’s shareholders proposes to the Annual General Meeting that the number of Board members remains unchanged and would be six (6).
The Nomination Board proposes to the Annual General Meeting that Andreas Ahlström, Björn Borgman, Nina Linander, Sari Pajari-Sederholm and Laura Raitio would be re-elected as members of Suominen Corporation’s Board of Directors.
Suominen Corporation's stock exchange release on January 29, 2021 at 9:30 a.m. EET Proposal on the number of the members, on the composition, and on the Chair of the Board of Directors The Nomination
December 16, 2020
GRAZ, Austria â December 16, 2020 â International technology Group ANDRITZ and Suominen, a global manufacturer of innovative and sustainable nonwovens, have been working together successfully as business partners for the past few years.
Andritz has supplied and upgraded several spunlace lines and most recently supplied a Wetlace⢠line for production of high-quality products such as flushable wipes, baby wipes, personal care and household wipes, thus supporting Suominen in reaching its goal to be the frontrunner in nonwovens innovation and sustainability.
Over the years, Suominen has developed its production improvement plans and identified important optimization potentials. Suominen has upgraded several machines and lines to a higher performance level and decided to retrofit some of their existing spunlace lines in collaboration with Andritz.