Suominen Oyj - Company Announcement

Suominen changes its financial reporting terminology in accordance with the recommendation by European Securities and Markets Authority

Helsinki, Finland, 2016-06-29 09:00 CEST (GLOBE NEWSWIRE) -- Suominen
Corporation   Stock Exchange Release   29 June 2016 at 10:00 am (EEST) 

Suominen changes its financial reporting terminology in accordance with the
recommendation by European Securities and Markets Authority 

European Securities and Markets Authority, ESMA has disclosed new guidelines
concerning alternative performance measures. The guidelines are effective as of
3 July 2016 and Suominen Corporation will change the terminology related with
the alternative performance measures as of its Q2 interim report, to be
disclosed on 9 August 2016. 

In accordance with the new guidelines, Suominen changes the term ”excluding
non-recurring items” to ”comparable”. Comparable performance measures are
adjusted with certain material items that are considered to affect
comparability between reporting periods. These items include, among others,
impairment losses or reversals of impairment losses, gains or losses from the
sales of property, plant and equipment or intangible assets or other assets and
restructuring costs. The definition of the items affecting comparability equals
with the definition of non-recurring items used earlier. 

Suominen Corporation
Nina Kopola, President & CEO

For further information, please contact Mr. Tapio Engström, CFO, tel. +358 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 over 600 people in Europe and in the Americas.
Suominen’s net sales in 2015 amounted to EUR 444.0 million and operating profit
excluding non-recurring items 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
Main media
www.suominen.fi