Suominen’s Q1 EBITDA was weak, as expected, due to the high inventory levels at some of Suominen’s key customers in the US, along with escalation in costs which will feed through to sales prices with a lag.

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 issues, outlook updated

Q1 earnings will be affected by destocking and high costs. Following the squeeze, we anticipate a margin recovery in Q2 and H2 2022, owing to normalising demand and sales price improvement. Marketing material commissioned by Suominen Oyj.

Suominen Corporation’s press release on March 29, 2022 at 3:00 p.m. EEST

Suominen launches a carbon neutral nonwoven, BIOLACE® Zero. BIOLACE® Zero is an excellent product for many kinds of wiping applications like baby, personal care, and household wipes. It has excellent wet and dry strength and it’s very soft. It is made of 100% cellulosic lyocell fibers and the product is 100% biodegradable, compostable and plastic free.