Suominen Oyj - Company Announcement

Suominen revises its outlook: Net sales and comparable operating profit for 2016 expected not to reach the level of 2015

Helsinki, Finland, 2016-09-20 15:00 CEST (GLOBE NEWSWIRE) -- Suominen
Corporation   Stock Exchange Release   20 September 2016 at 4:00 pm EEST 

Suominen revises its outlook: Net sales and comparable operating profit for
2016 expected not to reach the level of 2015 

Suominen expects that for the full year 2016, its net sales and comparable
operating profit will not reach the level of year 2015. Earlier, Suominen
estimated that for the full year 2016, its net sales and comparable operating
profit would improve from year 2015. In 2015, Suominen’s net sales amounted to
EUR 444.0 million and comparable operating profit to EUR 31.2 million. The
calculation of comparable operating profit equals to the calculation of
previously reported operating profit excluding non-recurring items. 

“The updated outlook is based on our specified forecast and our view of the
market situation. Despite the dip experienced in the first quarter, we expect
the sales volumes in tons in full year 2016 to remain at the healthy level of
2015. However, we estimate the sales prices to fall short of those of 2015. The
decrease in sales prices is affected by the market prices of the products and
the lower price level of raw materials compared to 2015. Exchange rates’ effect
on net sales in 2016 is estimated to be minimal,” Nina Kopola, President & CEO,
says. 

Suominen will publish its interim report for January-September 2016 on
Thursday, 27 October 2016 approximately at 8:00 am EEST. 

Suominen Corporation
Nina Kopola, President and CEO

For additional information, please contact
Nina Kopola, President & CEO, tel. +358 10 214 300

Distribution:
NASDAQ Helsinki
Main media
www.suominen.fi

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 over 600 people in Europe and in the Americas.
Suominen’s net sales in 2015 amounted to EUR 444.0 million and comparable
operating profit to EUR 31.2 million. The Suominen share (SUY1V) is listed in
Nasdaq Helsinki Stock Exchange (Mid Cap). Read more at www.suominen.fi. 

Distribution:
Nasdaq Helsinki
Key media
www.suominen.fi