Suominen Oyj - Company Announcement

Suominen has completed the divestment of its wet wipes business

Helsinki, Finland, 2013-07-15 16:20 CEST (GLOBE NEWSWIRE) -- Suominen
Corporation  Stock exchange release   15 July 2013 at 17:20 (EEST) 

SUOMINEN HAS COMPLETED THE DIVESTMENT OF ITS WET WIPES BUSINESS

Suominen Corporation has completed the divestment of its wet wipes business
unit, Codi Wipes, announced on 17 June 2013. Both parties of the deal have now
fulfilled the conditions precedent and the transaction has been closed. Codi
Wipes business unit will be excluded from Suominen's financial reporting as of
today. Previously, Codi Wipes has been reported as part of Suominen's Wiping
segment. 

As stated in the previous announcement, Suominen will recognize due to the
divestment, in accordance with the IFRS 5 standard, a loss of MEUR 16.8 in the
second quarter result of 2013 of its discontinued operations. 

The divestment further strengthens Suominen's strategic focus on nonwovens and
clarifies its position in wipes value chain. 

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 supplies its industrial and retail customers with nonwovens and
flexible packaging for use in consumer products worldwide. Suominen is the
global market leader in nonwovens for wipes. The company employs more than
1,000 people in Europe and in the United States. In 2012, the net sales from
Suominen's continuing operations amounted to MEUR 410.4 and operating profit
excluding non-recurring items from continuing operations was MEUR 12.9. 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