Comparable EBITDA dropped to €10.7 million (~$12.41 million), reflecting decrease volumes and better enter prices, partly offset by higher pricing and sales combine. The firm reported an working lack of €2.7 million and a web lack of €8.2 million.
Finland’s Suominen Corporation has posted web sales of €317.1 million (~$367.83 million) in 9M 2025, down 8 per cent YoY due to decrease volumes and foreign money headwinds.
Comparable EBITDA fell to €10.7 million (~$12.41 million).
Q3 sales dropped 11 per cent to €99.8 million (~$115.77 million) amid US disruptions. Suominen revised its 2025 outlook, anticipating decrease EBITDA than 2024.
Cash circulate from operations turned constructive at €5.2 million, aided by working capital enhancements, significantly in commerce receivables. Capital expenditure rose to €17 million, largely attributed to ongoing investments at Bethune, US, and Alicante, Spain, supporting future development and sustainability initiatives, Suominen mentioned in a press launch.
The firm’s web interest-bearing liabilities elevated to €76.1 million, elevating gearing to 76 per cent from 57.1 per cent final 12 months. In June, Suominen secured a brand new €100 million syndicated credit score facility from Danske Bank and Nordea Bank, offering monetary flexibility for strategic initiatives.
In the third quarter (Q3), Suominen’s web sales decreased 11 per cent YoY to €99.8 million (~$115.77 million), as manufacturing disruptions within the US and weaker demand endured. The Americas enterprise space contributed €60.3 million, whereas Europe, Middle East, and Africa (EMEA) accounted for €39.5 million.
Comparable EBITDA in Q3 improved barely to €3.4 million, as decrease uncooked materials costs offset diminished volumes. However, distinctive occasions—together with an tools failure at one plant and flooding at one other—had a mixed unfavourable affect of €2.8 million on quarterly EBITDA.
Despite these setbacks, money circulate from operations surged to €15.7 million from –€2.6 million, pushed by a €13.9 million enchancment in working capital effectivity. The firm’s ongoing €10 million cost-saving programme, launched in May 2025, stays on monitor to obtain most of its deliberate measures by year-end.
“Nonwoven demand has historically been stronger in the second half of the year. However, after the supply chain disruption during the first half, the third-quarter volume recovery progressed slower than anticipated,” mentioned Charles Heaulme, president and CEO of Suominen Corporation who assumed management position on August 11, 2025.
He famous that the 2 main US incidents had a transparent unfavourable affect on provide functionality however reaffirmed confidence within the firm’s turnaround technique.
“We have accelerated the execution of our cost-saving programme and are focused on restoring profitability. Sustainability continues to be central to our strategy, with 30 per cent of Q3 net sales derived from products launched within the last three years,” added Heaulme.
Suominen goals to obtain zero manufacturing waste to landfill by 2030 and supply over two-thirds of uncooked supplies from plant-based sources. The firm additionally reported one lost-time accident (LTA) through the first 9 months, underscoring its dedication to office security, added the discharge.
Suominen revised its outlook on October 15, now anticipating its comparable EBITDA to be decrease than in 2024, reversing earlier projections of enchancment. The downgrade displays slower-than-expected market restoration, foreign money pressures, and operational disruptions within the US.
“Given the slower market recovery and the incidents in our plants, we have adjusted our guidance. As we move forward, our priority remains driving the turnaround, improving cost efficiency, and strengthening Suominen’s performance,” concluded Heaulme.
Fibre2Fashion News Desk (SG)