Review by the President & CEO of Suominen Corporat

Helsinki, F, 2017-03-15 08:00 CET (GLOBE NEWSWIRE) -- Suominen Corporation   Investor News   15 March 2017 at 9:00 am (EET)

Review by the President & CEO of Suominen Corporation in the Annual General Meeting to be held today The Annual General Meeting of Suominen Corporation will be held today in Helsinki, starting at 10:00 am. In her review in the Annual General Meeting, Ms. Nina Kopola, President & CEO of Suominen, will discuss the financial development and the strategy implementation of Suominen in 2016 as well as the outlook for the beginning of 2017. “Suominen’s year 2017 has started as we expected and sales volumes have been on a higher level compared to the first months of last year, especially in the United States. Competition continued to be tight in nonwovens for baby wipes and for flushable products, notably in Europe. Consumers’ confidence has still been on a good level in both of our main market areas, Europe and North America, and even record-high in the US,” Nina Kopola says. Kopola is pleased with the execution of Suominen’s strategy. “We have made progress in the execution of our strategy for 2015–2017 that creates conditions for growth. We are at the moment starting up the new production line in Bethune, SC, USA and the first orders will be delivered to our customers soon. The new line, with its full capacity to be dedicated to higher value added products, will have a very significant role in achieving Suominen’s future objectives for growth and profitability. Thanks to the investments we completed earlier, we have already launched new higher value added products to the market and, after the Bethune investment is completed, there is more to come,” Kopola says. The relevant new content of the review by the President & CEO has been presented in this release. The presentation material related to the review will be available at www.suominen.fi after the Annual General Meeting. Suominen Corporation Nina Kopola, President & CEO Suominen in brief Suominen manufactures nonwovens as roll goods for wipes as well as for medical and hygiene products. The end products made of Suominen’s nonwovens – wet wipes, feminine care products and swabs, for instance – bring added value to the daily life of consumers worldwide. Suominen is the global market leader in nonwovens for wipes and employs 650 people in Europe and in the Americas. Suominen’s net sales in 2016 amounted to EUR 416.9 million and comparable operating profit to EUR 25.6 million. The Suominen share (SUY1V) is listed in Nasdaq Helsinki Stock Exchange (Mid Cap). Read more at www.suominen.fi. Distribution: Nasdaq Helsinki Main media www.suominen.fi