Suominen Oyj - Company Announcement

Suominen has completed the divestment of its Flexibles business area

Helsinki, Finland, 2014-07-14 11:10 CEST (GLOBE NEWSWIRE) -- Suominen
Corporation  Stock exchange release   14 July 2014 at 12.10 (EEST) 

SUOMINEN HAS COMPLETED THE DIVESTMENT OF ITS FLEXIBLES BUSINESS AREA

Suominen Corporation has completed the divestment of its flexible packaging
business, announced on 11 July 2014. Flexibles business area will be excluded
from Suominen's financial reporting as of today. Previously, Flexibles business
area formed Suominen's Flexibles segment. 

As stated in the announcement of 11 July 2014, Suominen will recognize due to
the divestment, in accordance with the IFRS 5 standard, a non-recurring loss of
approximately MEUR 4.5 in the second quarter result of 2014 of its discontinued
operations. 

The divestment transformed Suominen into a company purely focused on nonwovens,
in line with its strategic focus. 

Suominen Corporation
Nina Kopola, President and CEO


For additional information, please contact
Nina Kopola, President and CEO, tel. +358 (0)10 214 300


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 approximately 600 people in Europe and in the
Americas. Suominen's net sales in 2013 amounted to MEUR 373.7 and operating
profit excluding non-recurring items to MEUR 19.0 (continuing operations). The
Suominen share (SUY1V) is listed in NASDAQ OMX Helsinki Stock Exchange. Read
more at www.suominen.fi. 



Distribution:
NASDAQ OMX Helsinki Ltd.
Main media
www.suominen.fi.