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Suominen lowered its outlook for this year due to a slower market and temporary imbalance in nonwovens materials, especially in North America, following the extraordinary peak in demand during the early stages of the pandemic. Also, the volatility in raw materials (which as such is not new information) is a reason for guidance downgrade.

Source: Finwire News.

Suominen manufactures nonwovens as roll goods for wipes and for hygiene products and medical applications. Suominen is the global market leader in nonwovens for wipes. The company employs nearly 650 people in Europe and in the Americas. The Suominen share (SUY1V) is listed on the Nasdaq Helsinki Stock Exchange.