Suominen Oyj - Company Announcement

SUOMINEN CORPORATION REVISES ITS FINANCIAL TARGETS

Tampere, Finland, 2012-12-05 12:40 CET (GLOBE NEWSWIRE) -- Suominen Corporation
              Stock exchange release December 5, 2012 at 1:40 pm EET 

SUOMINEN CORPORATION REVISES ITS FINANCIAL TARGETS


The Board of Directors of Suominen Corporation has set new medium term
financial targets for the company. The targets are related to improvement in
the company's relative profitability, solid capital structure and organic
growth. Suominen aims to further strengthen its position as the global market
leader in nonwovens for wipes. 

Profitability:

Suominen aims to clearly improve its relative profitability. The target level
of the company's return on investment (ROI) is to be above 10%. In
January-September 2012, Suominen's ROI was 4.6%. 

Capital structure:

Suominen aims to have a solid capital structure with a gearing ratio
principally between 40% and 80%. In January-September 2012, Suominen's gearing
ratio was 99.4%. 

Growth:

Suominen aims to increase its net sales at a rate that exceeds the average
growth rate of the industry. 

When calculating return on investment and gearing ratios, the company applies
the accounting principles and formulas used in the Financial Statements. 

Suominen will disclose preliminary information on its 2012 financial result on
Thursday, January 31, 2013. 

Helsinki, December 5, 2012

Suominen Corporation

Nina Kopola
President and CEO

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


Suominen supplies its industrial and retail customers with nonwovens, wet wipes
and flexible packaging for use in consumer products worldwide. Suominen is the
global market leader in nonwovens for wipes. The company employs approximately
1,200 persons in Europe and in the United States. Suominen's net sales in
January-September amounted to MEUR 345.9 and operating profit was MEUR 9.1. 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