Investegate announcements from Suominen Corporation, Suominen Corporation’s Half-Year Financial Report for January 1 – June 30, 2021: Solid profitability in Q2, short-term demand outlook challenging
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“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
Suominen Corporation: Decisions taken by Suominen s Annual General Meeting and the Board of Directors finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Notice to the Annual General Meeting of Suominen Corporation
Suominen Corporation’s stock exchange release on February 4, 2021 at 10:00 a.m. (EET)
Notice is given to the shareholders of Suominen Corporation to the Annual General Meeting to be held on Thursday March 25, 2021 at 10:00 a.m. at the company’s headquarters at the address Karvaamokuja 2 B, Helsinki.
The Board of Directors of the company has resolved on an exceptional meeting procedure based on the temporary legislation approved by the Finnish Parliament on September 15, 2020 (the “Temporary Act”). In order to limit the spread of the Covid-19 pandemic, the Annual General Meeting will be held without shareholders’ or their proxy representatives’ presence at the Meeting venue. This is necessary in order to organize the Annual General Meeting in a predictable way while taking into account the health and safety of the company’s shareholders, personnel and other stakeholders.
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
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- 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)