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Overview

Suominen manufactures nonwovens for global consumer brands on seven production plants located on three continents. The company sources the raw materials from fiber producers and sells the output as roll goods to global consumer brand manufacturers. Suominen’s nonwovens are mainly used in wiping products such as wet wipes for baby care, personal hygiene, and household and workplace wiping. Other end-uses include hygiene and medical applications such as sanitary pads, diapers, and surgical drapes and swabs.
Suominen's recent challenges with nonwovens' gross margins and delivery volumes are no longer present. In our view the demand outlook for household wiping products is especially strong. Suominen also seems to be making good progress with sustainable wiping products, meaning the company is increasingly able to replace synthetic raw materials with wood-based fibers. Although supply will no doubt grow in the long-term, the surge in wiping demand has nevertheless turned the current supply-demand balance much more favorable also from a nonwovens manufacturer's point of view. We view Suominen's long-term financial targets realistic.

Financial overview

Company Facts

CEO Tommi Björnman
CFO Janne Silonsaari
IR Minna Rouru
Market cap (EURm) 114
Industry Paper & Forest Products
Ticker SUY1V

Guidance

Suominen expects comparable EBITDA to improve in 2025 compared to 2024 (EUR 17.0m)

Financial targets

2020-2025 strategic financial targets include revenue growth above market rate, above 12% EBITDA margin by 2025, and gearing in the 40-80% range

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