Suominen reports decline in sales and earnings – Cost savings program and leadership change to drive recovery

Net sales for the first six months declined by 6% to EUR 217.3 million, while comparable EBITDA fell from EUR 9.5 million in the prior-year period to EUR 7.3 million. The second quarter proved especially difficult, with net sales down 16% to EUR 99.8 million and EBITDA decreasing to EUR 3.2 million. In addition to trade restrictions, inventory adjustments in key markets weighed on results.

In response, Suominen has launched a comprehensive cost savings program aimed at reducing annual costs by up to EUR 10 million. Measures include the reduction of approximately 60 positions and cutting external service expenses. The company targets a clear improvement in profitability by year-end.

A leadership change is also underway: on August 11, 2025, Charles Héaulmé will take over as President & CEO. Until then, CFO Janne Silonsaari will serve as interim CEO.

Despite the weak first half, Suominen maintains its full-year guidance, expecting higher comparable EBITDA than in 2024 (EUR 17 million), provided market conditions stabilize and cost-saving measures deliver as planned.

For the global nonwovens industry, Suominen’s performance underscores the current challenges posed by geopolitical tensions, volatile trade conditions, and rising operating costs – and how companies are adapting through strategic restructuring and efficiency programs.