In July–September 2025, Suominen’s net sales decreased from the comparison period by 11% to €99.8 million ($116.3 million). Sales volumes decreased, but sales margins increased from the corresponding period of 2024. Incidents at U.S. plants impacted net sales negatively by €5.4 million ($6.3 million) and currencies negatively by €3.7 million ($4.3 million).
 
Suominen has two business areas, Americas and EMEA. Net sales of the Americas business area amounted to €60.3 million ($70.3 million) and net sales of the EMEA business area to €39.5 million ($46 million).
 
“Nonwoven demand has historically been stronger in the second half of the year. However, after the supply chain disruption during the first half of the year, the third quarter volume recovery progressed slower than previously anticipated,” says Charles Héaulmé, president & CEO of Suominen.
 
During the third quarter, two major incidents affected Suominen’s U.S. plants: an equipment failure at one facility resulted in an extended production line shutdown and additional costs, while another facility experienced significant flooding in the storage area that required the disposal of inventory, according to Héaulmé. “These incidents affected our ability to supply during the third quarter. The total negative impact of these incidents on comparable EBITDA was €2.8 million. Damages are being evaluated for potential recovery, though the timing of compensation remains uncertain.”
 
Announced in May 2025, the company has accelerated the execution of its cost-saving program, which is expected to result in savings of approximately €10 million ($11.7 million) over the next 24 months. “We are on track to implement the majority of the actions by the end of the year,” he says.
 
Given the slower than expected market recovery and the incidents in its plants, Suominen revised its full year guidance on comparable EBITDA and now expects comparable EBITDA to be lower than in 2024. “As we move forward, our priority remains on driving the turnaround and elevating the company’s performance,” Héaulmé says.