Aus der Branche

Suominen’s energy costs have increased significantly during the recent months and continue to rise during the coming autumn and winter months.

As announced by the company, Suominen can no longer absorb the full extent of these unprecedented increases and hence will implement a new energy surcharge on all its products in Europe.

“Suominen has been preparing for energy shortages and mitigating possible energy interruptions in order to secure business continuity. Naturally this comes with additional cost, but we have decided to remain committed to serve our customers during this difficult period,“ says Markku Koivisto, SVP Europe, Suominen.

Details of the surcharge will be communicated to customers via Suominen sales organization. 

April–June 2022 in brief:

• Net sales increased by 4% and amounted to EUR 118.0 million (113.6)
• Comparable EBITDA decreased to EUR 1.9 million (15.3)
• Cash flow from operations was EUR 11.9 million (1.2)

January–June 2022 in brief:

• Net sales were in line with the previous year and amounted to EUR 228.3 million (229.0)
• Comparable EBITDA decreased to EUR 5.2 million (33.8)
• Cash flow from operations was EUR 9.2 million (17.1)

Outlook for 2022 unchanged
Suominen expects that its comparable EBITDA (earnings before interest, taxes, depreciation and amortization) in 2022 will decrease clearly from 2021. The war in Ukraine has increased the already significant cost inflation in raw materials, energy, and transportation. Also, while there has been progress in the normalization of the customer inventory levels in the US, it has been somewhat slower than expected. These factors will impact the full year result negatively even though we expect that the demand for our products will improve in the second half of the year. In 2021, Suominen’s comparable EBITDA was EUR 47.0 million.

See attached document for full report.

Suominen has successfully developed HYDRASPUN® Aquaflo, a moist toilet tissue with even better dispersibility. HYDRASPUN® Aquaflo offers near parity dispersion with dry toilet tissue but with premium thickness for a better consumer experience in use.

Suominen’s new flushable nonwovens substrate, HYDRASPUN® Aquaflo passed the stringent standards for dispersibility set by both the International Water Services Flushability Group (IWSFG) and INDA/EDANA (GD4) in independent testing.

“We are extremely proud to launch HYDRASPUN® Aquaflo. Its 100% cellulosic fiber composition is evidence of sustainable origins and its capability to fully and rapidly break down in wastewater provides biodegradability in disposal, giving consumers an end-to-end eco-friendly solution for personal care. Dry toilet tissue is recognized as the material most capable of breaking down in sewer systems and HYDRASPUN® Aquaflo was developed with this result in mind, “says Andrew Charleston, Manager, Category Management, Americas.