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Suominen welcomes improved profitability

By Haydn Davis
1 November 2023

HELSINKI - Despite a drop in sales, a result of the closure of its Mozzate plant in Italy, nonwovens manufacturer Suominen has posted improved profitability for its third quarter.

Net sales, which were also impacted by a decline in raw material prices, decreased by 19% to â‚¬106.4 million, down from â‚¬131.9 in the same period last year whilst comparable EBITDA (earnings before interest, taxes, depreciation and amortization) improved slightly to â‚¬5.2 million, up from â‚¬5.1 million.

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