Latest news with #Suominen
Fibre2Fashion
01-07-2025
- Business
- Fibre2Fashion
Finland's Suominen names Charles Héaulmé as new president & CEO
Suominen Corporation's Board of Directors has appointed Mr. Charles Héaulmé, current Chair of the Board, as the company's new President and CEO. Mr. Héaulmé will start at the latest August 11, 2025. Mr. Héaulmé brings with him decades of executive leadership experience across various industries. His strategic insight and proven track record in driving performance and transformation have earned the full confidence of the Board to lead Suominen into its next phase of financial improvement and sustainable growth. Suominen Corporation has appointed Charles Héaulmé as its new president and CEO, effective by August 11, 2025. He steps down as chair of the board and personnel committee with immediate effect. CFO Janne Silonsaari becomes interim CEO as Tommi Bjí¶rnman exits by mutual agreement. The board thanked Bjí¶rnman for his leadership. Mr. Héaulmé will continue to serve as Chair of the Board until the next Annual General Meeting of Suominen 2026. He will step down from his position as a Chair and member of the Personnel and Remuneration Committee of the Board of Directors as of today. The Board of Directors of Suominen Corporation and Mr. Tommi Björnman, have mutually agreed that Mr. Björnman will step down from his position as the President and CEO. Mr. Janne Silonsaari, currently Chief Financial Officer, has been appointed as interim President & CEO, effective June 30, 2025. 'We thank Mr. Björnman for his dedication and leadership during his tenure,' says Andreas Ahlström, Deputy Chair of the Board of Suominen . 'Under his guidance, Suominen has continued to focus on its vision to be the frontrunner for nonwovens innovation and sustainability.' 'The past two years at Suominen have been both challenging and rewarding. I am proud to see that we have elevated commercial excellence, sustainability, and innovation to the next level,' says Tommi Björnman . 'I am honored to step into the CEO role at a pivotal time for Suominen. I look forward to working closely with our talented team to build on the company's strong foundations, drive sustainable growth, and deliver long-term value to our shareholders, customers, and communities,' says Charles Héaulmé . Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (RM)
Yahoo
12-06-2025
- Business
- Yahoo
Suominen Corporation – Manager's transaction: Björnman Tommi
Suominen Corporation June 12, 2025 at 3:15 p.m. (EEST) Suominen Oyj - Managers' Transactions____________________________________________Person subject to the notification requirementName: Tommi BjörnmanPosition: Chief Executive Officer Issuer: Suominen OyjLEI: 743700Z1BNFYR9PRDF52Notification type: INITIAL NOTIFICATIONReference number: 110660/8/6 ____________________________________________Transaction date: 2025-06-11Outside a trading venueInstrument type: SHAREISIN: FI0009010862Nature of transaction: RECEIPT OF A SHARE-BASED INCENTIVE Transaction details(1): Volume: 9359 Unit price: 0 N/A Aggregated transactions (1): Volume: 9359 Volume weighted average price: 0 N/A SUOMINEN CORPORATION For more information, please contact:Anni Luoma, General Counsel, tel. +358 10 214 3397 Suominen manufactures nonwovens as roll goods for wipes and other applications. Our vision is to be the frontrunner for nonwovens innovation and sustainability. The end products made of Suominen's nonwovens are present in people's daily life worldwide. Suominen's net sales in 2024 were EUR 462.3 million and we have over 700 professionals working in Europe and in the Americas. Suominen's shares are listed on Nasdaq Helsinki. Read more at
Fibre2Fashion
12-05-2025
- Business
- Fibre2Fashion
Finnish company Suominen's sales up 3.4% in Q1 FY25
The net sales of Suominen Corporation, a global leader in nonwovens innovation and sustainability, has increased by 3.4 per cent and amounted to €117.5 million (~$132.15 million) in the first quarter of fiscal 2025. While the company sales volumes were lower than in the comparison period, higher raw material prices, an improved sales mix and strong commercial execution led to increased sales prices. Additionally, currency fluctuations had a positive impact on net sales, contributing €0.9 million (~$1.01 million). In the first quarter of 2025, Suominen's net sales rose 3.4 per cent to €117.5 million (~$132.15 million), driven by pricing, product mix, and currency gains, despite lower volumes. The company continues focusing on sustainability, innovation, and efficiency, with 27 per cent of sales from recent products and major investments underway in Spain and US to expand sustainable nonwovens capabilities. Suominen has two business areas, Americas and EMEA. Net sales of the Americas business area were €73.6 million (~$82.78 million) and net sales of the EMEA business area were €43.9 million (~$49.37 million). Comparable EBITDA decreased to €4.1 million (~$4.61 million) primarily due to higher operating expenses. There were no items affecting comparability in the first quarter of 2025. 'The market remained volatile in the first quarter of 2025, making for a challenging start to the year. Global supply chains are being impacted by geopolitical uncertainty, particularly around tariffs, prompting stakeholders to take precautionary measures. Stock levels for Asian-imported goods are increasing across both of our business areas. Despite a decline in consumer confidence, demand for our products remained stable during the first quarter of the year. Notably, 27 per cent of our net sales in the quarter came from new products launched in the last three years, demonstrating our ability to innovate and meet market needs,' said Tommi Björnman, president & CEO . Suominen prioritises safety and accident prevention, aiming for zero lost time accidents (LTA). One LTA occurred in the first quarter at Suominen sites. Another goal is to achieve a diversity, equity, and inclusion (DEI) index of 80 per cent by 2030. It is committed to improving production efficiency and resource utilisation, targeting reductions in scope 1, 2, and 3 greenhouse gas emissions in line with the Paris Agreement (limiting global warming to 1.5°C), and achieving zero manufacturing waste to landfill by 2030. The company's portfolio includes sustainable nonwovens, and it continuously develops innovative solutions with reduced environmental impact. It aims for over two-thirds of consumed raw materials to be from plant-based resources and for more than half of new R&D initiatives to focus on advancing the development of sustainable products, the company said in a press release. 'Sustainability is integral to our strategy and a key factor in our long-term success. We are committed to being the frontrunner in sustainable nonwovens and our innovation work is strongly focused on developing more sustainable nonwoven solutions that meet our customers' needs. In March, we published our new sustainability agenda for the period 2025–2030. The most important topics for us and our stakeholders are people and safety, sustainable nonwovens, low impact manufacturing and corporate citizenship. The KPI's presented in the agenda reflect our commitment to sustainability and help us measure our impact as well as drive meaningful change. Last year, we announced two large investments, in Spain and in the US, to enhance our capabilities in sustainable products. These projects, totaling approximately €30 million (~$33.74 million), are progressing as planned,' Björnman explained.
