Suominen Corporation's Interim Report on October 26, 2022 at 9:30 a.m. (EET)Suominen Corporation's Interim Report for January 1-September 30, 2022: High quarterly sales, result recovery trending positively KEY
Suominen Corporation's Interim Report on May 4, 2022 at 9:30 a.m. (EEST)Suominen Corporation's Interim Report for January 1 - March 31, 2022: Start of the year burdened by cost inflation and customer inventory
:
“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