Financial, Nonwovens News

Suominen Reports 16% Sales Decline

Market volatility intensified for the company, driven by U.S. tariffs

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By: Tara Olivo

Associate Editor at Nonwovens Industry

In April–June 2025, Suominen’s net sales decreased by 16% from the comparison period to €99.8 million ($115.9 million). Sales volumes were lower than in the comparison period while sales prices increased. The impact of currencies on net sales was €3.6 million negative.

Suominen’s business areas are Americas and EMEA. The net sales of the Americas business area were €59.9 million ($69.6 million) and of the EMEA business area €40 million ($46.5 million).

In January–June 2025, Suominen’s net sales decreased 6% from the corresponding period in 2024 and amounted to €217.3 million ($252.3 million). Sales volumes decreased from H1/2024, but sales prices increased following higher raw material prices. The impact of currencies on net sales was €3.2 million ($3.7 million) negative.

The net sales of the Americas business area were €133.5 million ($155 million) and of the EMEA business area €83.9 million ($97.4 million).

Janne Silonsaari, CFO, interim president & CEO, comments: “In the second quarter, we faced a lot of volatility in the market driven by the U.S. tariff situation. Ahead of the announced high tariffs towards China, U.S. nonwoven customers stocked their inventories, mainly with supply from China. This momentarily led to excess inventories throughout the supply chain and impacted negatively the demand in the second quarter. A gradual recovery was seen during the latter part of the quarter, but still, our second quarter sales, €99.8 million, were 15% lower than in the first quarter of 2025 and 16% lower than in the comparison period in 2024 (118.7). This reflected negatively on our profitability and, coupled with the Bethune investment ramp-up phase and costs related to the CEO change, led to lower-than-expected comparable EBITDA in the second quarter, amounting to €3.2 million (5.0).”

“To support our profitability, we implemented a cost saving program at the end of the second quarter targeting approximately €10 million savings. The program led to a decrease of approximately 60 positions globally. On top of that, we reduced the number of contractor roles and are implementing several other saving actions. The majority of the actions will be implemented by the end of the year.”

Suominen’s new president and CEO, Charles Héaulmé, will start on August 11, 2025.

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