The document summarizes a presentation given by Jan Johansson, President and CEO of SCA Group, at a UBS conference in Boston. It provides details on SCA's financial results, including sales of SEK 99 billion and 44,000 employees. It also outlines SCA's transformation through acquisitions, divestments, efficiency programs, and focus on hygiene, tissue, and forest products. SCA's priorities are described as efficiency, innovation, and growth to drive sales increases, especially in emerging markets.
VTech Press Release Financial Report FY 2014 (See especially the CMS Sections)Simpson & Simpson, PLLC
VTech reported higher annual revenue and improved gross margin for its 2014 fiscal year. Revenue increased 2.2% to $1.89 billion due to growth in North America, Europe, and Asia Pacific offsetting declines in other regions. Gross profit margin improved to 33.4% from 32.2% the previous year. Profit attributable to shareholders rose 0.9% to $203.3 million. The company maintained a strong financial position with $322.9 million in cash and no debt.
The document summarizes information about SCA Group, a leading global hygiene and forest products company. Some key details include:
- SCA Group has annual sales of SEK 99 billion, 44,000 employees, and sells products in about 100 countries.
- Major brands and market positions include TENA and Tork as leading global brands, China's third largest tissue company, and Europe's largest private forest owner.
- The company has undergone transformation through acquisitions, divestments, efficiency programs, and investments in emerging markets to drive growth.
- Financial targets include annual organic sales growth of 5-7% for Personal Care and 3-4% for Tissue, and a return on capital employed
Suominen Corporation reported its Q2 2016 financial results. While net sales decreased 4% compared to last year due to lower prices and currency fluctuations, operating profit improved from the previous two quarters. Cash flow from operations nearly doubled due to decreased financial expenses and taxes paid. The company continues investing in its growth program, including a new production line in Bethune, USA, which is expected to start customer deliveries in Q1 2017. For the full year 2016, Suominen expects net sales and operating profit to improve over 2015.
This presentation describes different technologies to produce nonwovens and their main technical applications, being completed with some case studies and successful stories of textile R&D projects.
Mr. Pranay Sahu | Global Nonwovens Scenariodhaval2929
The document discusses the global nonwovens market. It notes that Asia has the largest consumption of nonwovens at 3.6 million tonnes annually, growing at 11.1% per year. Europe has the second largest consumption of 2.1 million tonnes, growing at 4.6% per year. North America has consumption of 2 million tonnes growing at 5.4% per year. South America has the lowest consumption of 400,000 tonnes but is growing the fastest at 6.2% per year. The top applications for nonwovens are hygiene products, wipes, medical, and other disposables.
This document provides an overview of the Indian nonwoven industry and the future prospects of nonwoven technologies. It discusses the various segments of the technical textile industry and their growth rates. Needlepunch currently has the largest market share in India, while spunlace is expected to grow the fastest. The document also outlines various applications of nonwovens in areas like agriculture, construction, home furnishings, automotive, packaging and more. It then describes the activities of DKTE Centre of Excellence in Nonwovens, which includes testing facilities, prototyping facilities, training programs, seminars, and R&D activities to support the nonwoven industry.
The document summarizes a presentation given by Jan Johansson, President and CEO of SCA Group, at a UBS conference in Boston. It provides details on SCA's financial results, including sales of SEK 99 billion and 44,000 employees. It also outlines SCA's transformation through acquisitions, divestments, efficiency programs, and focus on hygiene, tissue, and forest products. SCA's priorities are described as efficiency, innovation, and growth to drive sales increases, especially in emerging markets.
VTech Press Release Financial Report FY 2014 (See especially the CMS Sections)Simpson & Simpson, PLLC
VTech reported higher annual revenue and improved gross margin for its 2014 fiscal year. Revenue increased 2.2% to $1.89 billion due to growth in North America, Europe, and Asia Pacific offsetting declines in other regions. Gross profit margin improved to 33.4% from 32.2% the previous year. Profit attributable to shareholders rose 0.9% to $203.3 million. The company maintained a strong financial position with $322.9 million in cash and no debt.
The document summarizes information about SCA Group, a leading global hygiene and forest products company. Some key details include:
- SCA Group has annual sales of SEK 99 billion, 44,000 employees, and sells products in about 100 countries.
- Major brands and market positions include TENA and Tork as leading global brands, China's third largest tissue company, and Europe's largest private forest owner.
- The company has undergone transformation through acquisitions, divestments, efficiency programs, and investments in emerging markets to drive growth.
- Financial targets include annual organic sales growth of 5-7% for Personal Care and 3-4% for Tissue, and a return on capital employed
Suominen Corporation reported its Q2 2016 financial results. While net sales decreased 4% compared to last year due to lower prices and currency fluctuations, operating profit improved from the previous two quarters. Cash flow from operations nearly doubled due to decreased financial expenses and taxes paid. The company continues investing in its growth program, including a new production line in Bethune, USA, which is expected to start customer deliveries in Q1 2017. For the full year 2016, Suominen expects net sales and operating profit to improve over 2015.
This presentation describes different technologies to produce nonwovens and their main technical applications, being completed with some case studies and successful stories of textile R&D projects.
Mr. Pranay Sahu | Global Nonwovens Scenariodhaval2929
The document discusses the global nonwovens market. It notes that Asia has the largest consumption of nonwovens at 3.6 million tonnes annually, growing at 11.1% per year. Europe has the second largest consumption of 2.1 million tonnes, growing at 4.6% per year. North America has consumption of 2 million tonnes growing at 5.4% per year. South America has the lowest consumption of 400,000 tonnes but is growing the fastest at 6.2% per year. The top applications for nonwovens are hygiene products, wipes, medical, and other disposables.
This document provides an overview of the Indian nonwoven industry and the future prospects of nonwoven technologies. It discusses the various segments of the technical textile industry and their growth rates. Needlepunch currently has the largest market share in India, while spunlace is expected to grow the fastest. The document also outlines various applications of nonwovens in areas like agriculture, construction, home furnishings, automotive, packaging and more. It then describes the activities of DKTE Centre of Excellence in Nonwovens, which includes testing facilities, prototyping facilities, training programs, seminars, and R&D activities to support the nonwoven industry.
Suominen Corporation reported record results for Q2 2015. Net sales increased 19% to 112.9 million euros due to strengthened demand in Europe and a stronger US dollar. Operating profit excluding non-recurring items reached a record high of 9.9 million euros, up 8.8% compared to Q2 2014, driven by sales growth and an improved gross profit. The company reiterated its outlook for full-year 2015 of increased net sales and operating profit from 2014 levels.
Review by the President & CEO, Suominen Corporation's Annual General Meeting ...Suominen Corporation
This document summarizes the President & CEO's review from Suominen Corporation's Annual General Meeting. It discusses Suominen's purpose, leadership team, business areas, market position, financial results from 2015 which showed sales growth and improved profitability, outlook for 2016 which expects further sales and profit growth. It also reviews Suominen's strategy for 2015-2017 which focuses on delivering value in selected market applications, key account management, demand-driven supply chain, and building capabilities as a product company. The implementation of the strategy in 2015 included investments, product development improvements, and launching six new branded products.
Nina Kopola, President & CEO of Suominen Corporation, and Tapio Engström, CFO, presented highlights from Q1 2015. Net sales increased 14% to 111.9 million euros due to strengthened USD and improved demand in Europe. Operating profit excluding non-recurring items grew 14% to 7.3 million euros. Cash flow from operations was 4.5 million euros. For the full year 2015, Suominen expects net sales and operating profit excluding non-recurring items to improve over 2014. Suominen's strategy focuses on organic growth exceeding industry average, a market-driven way of operating, and product leadership.
Capital Markets Day 2015, Nina Kopola, President & CEO on Nov 11Suominen Corporation
This document summarizes Suominen's strategy to become a Market Driven Product Leader from 2015-2017. Key elements of their strategy include:
1) Investing over 60 million euros in growth initiatives across three continents to deliver superior value in selected market applications.
2) Driving proactive key account management and creating value with customers through initiatives like customer perception studies.
3) Executing a demand driven supply chain through defining standardized global processes and a comprehensive ICT systems renewal.
4) Evolving their culture and capabilities through pivotal hires to build new skills and a non-discrimination program.
We have presented a report for the second quarter of 2014 with continued sales growth, higher earnings and a higher margin compared with the same period a year ago. During the quarter, several innovations and product launches were carried out under the Libero, Libresse, TENA and Tork brands. The efficiency programs in the hygiene and forest products operations continue to deliver cost savings according to plan. Our Tissue and Forest Products business areas showed significant earnings growth. Personal Care was negatively impacted by higher raw material costs and negative exchange rate effects in emerging markets.
- Organic sales growth and operating profit increased in Q3 2015 for the Group overall. Emerging markets saw strong growth while mature markets saw modest increases.
- Key events included acquiring Wausau Paper Corp, divesting businesses in Asia to integrate with Vinda, and intended closure of a paper machine to improve efficiency.
- Strategic priorities are increasing efficiency across the value chain and driving innovation and profitable growth.
- Suominen Corporation reported its financial results for Q4 and full year 2015. Net sales grew 10.5% in 2015 but were flat in Q4 due to some customers postponing orders until after the new year. Operating profit grew 16% for the full year but declined in Q4 due to expenses for development projects.
- The company continues to execute its 2015-2017 strategy, including a €60 million growth investment program across three continents. Six new products were launched in 2015.
- Financial targets for 2015 were met with organic sales growth exceeding 3% and return on investment over 12%, though gearing ratio was higher than target due to investments. Cash flow remained strong in 2015.
Suominen at Small Mid Cap Forum at Zürich, Switzerland on 5 September 2017Suominen Corporation
This document provides an overview of Suominen Corporation and its strategy for 2017-2021. It discusses Suominen's operations, customers, locations, recent history and investments, the nonwovens market outlook, and its "Changemaker" strategy. The strategy aims to position Suominen as the best business partner through a demand-driven supply chain and superior customer satisfaction. It seeks profitable growth by increasing market share in key product areas and expanding into new geographies and technologies.
Suominen Corporation is a producer of nonwovens materials with eight manufacturing plants across three continents. In Q3 2015, the company's net sales increased 11% year-over-year due to currency effects while operating profit remained healthy. For the full year, Suominen expects continued growth in demand for its products driven by trends in emerging and developed markets such as population growth, health and hygiene. The company is executing a growth investment program to increase production capacity.
Philips is a 120-year-old global company focused on health and well-being. It has 117,000 employees across healthcare, lighting, and consumer lifestyle businesses. Philips aims to achieve leadership in health and well-being through meaningful innovations that improve lives, leveraging strengths in innovation, brand, global access, talent, and sustainability.
- Suominen Corporation reported their Q3/2018 results, with net sales increasing 2% year-over-year due to price increases, while operating profit declined due to significantly higher raw material, energy, and logistics costs.
- The company is executing their Changemaker strategy and 3P profitability program to improve pricing, performance, and planning, though impacts have been slower than expected.
- For the full year 2018, Suominen expects net sales to be at the 2017 level but operating profit to be significantly lower due to higher costs and competitive market conditions.
Suominen Corporation reported record results for Q2 2015. Net sales increased 19% to 112.9 million euros due to strengthened demand in Europe and a stronger US dollar. Operating profit excluding non-recurring items reached a record high of 9.9 million euros, up 8.8% compared to Q2 2014, driven by sales growth and an improved gross profit. The company reiterated its outlook for full-year 2015 of increased net sales and operating profit from 2014 levels.
Review by the President & CEO, Suominen Corporation's Annual General Meeting ...Suominen Corporation
This document summarizes the President & CEO's review from Suominen Corporation's Annual General Meeting. It discusses Suominen's purpose, leadership team, business areas, market position, financial results from 2015 which showed sales growth and improved profitability, outlook for 2016 which expects further sales and profit growth. It also reviews Suominen's strategy for 2015-2017 which focuses on delivering value in selected market applications, key account management, demand-driven supply chain, and building capabilities as a product company. The implementation of the strategy in 2015 included investments, product development improvements, and launching six new branded products.
Nina Kopola, President & CEO of Suominen Corporation, and Tapio Engström, CFO, presented highlights from Q1 2015. Net sales increased 14% to 111.9 million euros due to strengthened USD and improved demand in Europe. Operating profit excluding non-recurring items grew 14% to 7.3 million euros. Cash flow from operations was 4.5 million euros. For the full year 2015, Suominen expects net sales and operating profit excluding non-recurring items to improve over 2014. Suominen's strategy focuses on organic growth exceeding industry average, a market-driven way of operating, and product leadership.
Capital Markets Day 2015, Nina Kopola, President & CEO on Nov 11Suominen Corporation
This document summarizes Suominen's strategy to become a Market Driven Product Leader from 2015-2017. Key elements of their strategy include:
1) Investing over 60 million euros in growth initiatives across three continents to deliver superior value in selected market applications.
2) Driving proactive key account management and creating value with customers through initiatives like customer perception studies.
3) Executing a demand driven supply chain through defining standardized global processes and a comprehensive ICT systems renewal.
4) Evolving their culture and capabilities through pivotal hires to build new skills and a non-discrimination program.
We have presented a report for the second quarter of 2014 with continued sales growth, higher earnings and a higher margin compared with the same period a year ago. During the quarter, several innovations and product launches were carried out under the Libero, Libresse, TENA and Tork brands. The efficiency programs in the hygiene and forest products operations continue to deliver cost savings according to plan. Our Tissue and Forest Products business areas showed significant earnings growth. Personal Care was negatively impacted by higher raw material costs and negative exchange rate effects in emerging markets.
- Organic sales growth and operating profit increased in Q3 2015 for the Group overall. Emerging markets saw strong growth while mature markets saw modest increases.
- Key events included acquiring Wausau Paper Corp, divesting businesses in Asia to integrate with Vinda, and intended closure of a paper machine to improve efficiency.
- Strategic priorities are increasing efficiency across the value chain and driving innovation and profitable growth.
- Suominen Corporation reported its financial results for Q4 and full year 2015. Net sales grew 10.5% in 2015 but were flat in Q4 due to some customers postponing orders until after the new year. Operating profit grew 16% for the full year but declined in Q4 due to expenses for development projects.
- The company continues to execute its 2015-2017 strategy, including a €60 million growth investment program across three continents. Six new products were launched in 2015.
- Financial targets for 2015 were met with organic sales growth exceeding 3% and return on investment over 12%, though gearing ratio was higher than target due to investments. Cash flow remained strong in 2015.
Suominen at Small Mid Cap Forum at Zürich, Switzerland on 5 September 2017Suominen Corporation
This document provides an overview of Suominen Corporation and its strategy for 2017-2021. It discusses Suominen's operations, customers, locations, recent history and investments, the nonwovens market outlook, and its "Changemaker" strategy. The strategy aims to position Suominen as the best business partner through a demand-driven supply chain and superior customer satisfaction. It seeks profitable growth by increasing market share in key product areas and expanding into new geographies and technologies.
Suominen Corporation is a producer of nonwovens materials with eight manufacturing plants across three continents. In Q3 2015, the company's net sales increased 11% year-over-year due to currency effects while operating profit remained healthy. For the full year, Suominen expects continued growth in demand for its products driven by trends in emerging and developed markets such as population growth, health and hygiene. The company is executing a growth investment program to increase production capacity.
Philips is a 120-year-old global company focused on health and well-being. It has 117,000 employees across healthcare, lighting, and consumer lifestyle businesses. Philips aims to achieve leadership in health and well-being through meaningful innovations that improve lives, leveraging strengths in innovation, brand, global access, talent, and sustainability.
- Suominen Corporation reported their Q3/2018 results, with net sales increasing 2% year-over-year due to price increases, while operating profit declined due to significantly higher raw material, energy, and logistics costs.
- The company is executing their Changemaker strategy and 3P profitability program to improve pricing, performance, and planning, though impacts have been slower than expected.
- For the full year 2018, Suominen expects net sales to be at the 2017 level but operating profit to be significantly lower due to higher costs and competitive market conditions.
- The new President & CEO of Suominen Corporation will be Pekka Ojanpää, replacing the current CEO Nina Kopola. Interim CEO is Tapio Engström.
- In Q2 2018, net sales decreased 2% due to negative currency impacts, while average sales prices increased. The new production line in Bethune, SC turned positive on gross profit.
- Operating profit decreased mainly due to tight price competition in flushables and freight issues, while the 3P program aims to improve profitability through pricing, performance, and planning.
- Cash flow from operations was favorably impacted by US tax refunds totaling €7 million. Investments were on track with annual guidance of
- Net sales decreased 6% due to currency effects, while volumes sold increased, representing one of Suominen's highest quarters. Operating profit declined due to price pressures and issues with delivery efficiency at the new Bethune plant.
- The 3P program aims to improve profitability through pricing, performance, and planning, and initial results were seen in slightly higher average sales prices. A new investment was made in Green Bay, WI to increase production of high value products.
- Cash flow remained healthy despite weaker profitability, and EUR 6.3 million was distributed to shareholders as a return of capital.
Suominen at European Midcap Event in Frankfurt on 6 February 2018Suominen Corporation
Suominen Corporation presented its strategy for 2017-2021 which aims to grow net sales to over 600 million euros and increase operating profit to over 10% of net sales. The strategy focuses on three cornerstones - being the best in business, creating nonwovens that others cannot, and building a community of changemakers. Suominen completed a major growth investment program that increased manufacturing capabilities in attractive markets like the US, Brazil, and Spain. The strategy is expected to drive profitable growth and transform Suominen's portfolio toward higher-value applications.
Suominen Corporation reported its financial results for Q4 and full year 2017. Key highlights include:
- Sales volumes grew 4% in 2017 but prices and product mix developed unfavorably, decreasing net sales and gross profit.
- Costs associated with a new production line in the US decreased operating profit.
- However, profit for the period was significantly impacted by the positive effect of US tax reform.
- Cash flow from operations remained healthy despite the decline in operating profit.
- The company expects net sales and operating profit to improve in 2018.
- Sales volumes grew but the weakening USD and unfavorable product mix decreased Q3 net sales. Operating profit declined due to ramp-up costs of the new US production line and growth investments.
- The company successfully refinanced its debt to provide a solid financial position for executing its 2017-2021 growth strategy focused on sustainability and innovation.
- While cash flow from operations decreased in Q3 due to lower profits and increased working capital, the company expects the new US production line to positively impact profits starting in 2018.
Suominen at Small Mid Cap Forum in London, on 26 September 2017Suominen Corporation
Suominen Corporation presented its strategy for 2017-2021 which focuses on becoming the best in the nonwovens business. The strategy has three cornerstones - being the best in turning end-user needs into commercial success, creating nonwovens that others cannot, and building a community of changemakers. Suominen recently completed investments that strengthened its capabilities in product development, manufacturing, and information systems. Its vision is to change how people think about nonwovens by offering engineered solutions rather than just raw materials.
- Net sales grew 3% in Q2 2017 compared to the previous year, reaching EUR 112 million, thanks to increased sales volumes. However, lower prices and an unfavorable product mix led to a decline in gross profit.
- The start-up of the new production line in Bethune, South Carolina was more technically challenging than expected. Once fully operational, the line will focus on high value-added products.
- Cash flow from operations remained strong at EUR 10.2 million in Q2, though profit declined due to start-up costs and a lower gross profit. The company is making investments to execute its 2017-2021 strategic plan and targets annual sales growth of 6% and a return
Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
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ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
The world of blockchain and decentralized technologies is about to witness a groundbreaking event. ZKsync, the pioneering Ethereum Layer 2 network, has announced the highly anticipated airdrop of its native token, ZK. This move marks a significant milestone in the protocol's journey, empowering the community to take the reins and shape the future of this revolutionary ecosystem.
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MUTUAL FUNDS (ICICI Prudential Mutual Fund) BY JAMES RODRIGUESWilliamRodrigues148
Mutual funds are investment vehicles that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities. They are managed by professional portfolio managers or investment companies who make investment decisions on behalf of the fund's investors.
Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
2. Corporate Executive Team
and Corporate Leadership Team
19.3.2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 2
Nina Kopola
President & CEO
Tapio Engström
CFO
Lynda A. Kelly
Care
Larry L. Kinn
Operations,
Americas
Timo Hiekkaranta
Convenience
Mimoun Saïm
Operations,
EMEA
Hannu Sivula
Human
Resources
Dan Dunbar
Sourcing
Anu Heinonen
Corporate
Comms & IR
Margareta Huldén
R&D
Roberto Pedoja
Technology
Timo Rautakorpi
CIO
Saara Söderberg
Marketing &
Product Mgmt
3. Contents
• Suominen and year 2014 at a glance
• Market review
• Financial review and outlook for 2015
• Implementation of the strategy in 2012–2014
• Strategy period 2015–2017
• Summary 2014
Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications.19.3.2015 3
4. Suominen
and year 2014
3/19/2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 4
5. Several successes in 2014
Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications.19.3.2015 5
Divestment of the
Flexibles business
area – Suominen
became a 100%
nonwovens
company.
Expanded and
diversified
financing.
Profitability
improved
considerably and
financial position
strengthened.
Revised strategy
aims at profitable
growth.
Investment
program launched
to execute growth
strategy.
We expanded our
business to South
America.
New organization,
two business
areas.
6. • Main end use areas:
- Wiping (baby, household,
personal care ,
industrial wipes
- Travel & catering applications
• Net sales (2014): 369.4 M€, 92% of
Suominen’s net sales.
Two business areas - Convenience and Care
19.3.2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 6
• Main end use areas:
- Hygiene products (femcare,
incontinence, diapers)
- Medical nonwovens (e.g. swabs,
undercast pads, surgical drapes
and masks)
• Net sales (2014): 32,3 M€, 8% of
Suominen’s net sales.
Convenience Care
7. Suominen
18%
Kimberly-
Clark
11%
Jacob Holm
9%
Sandler
8%PGI
5%
Other
49%
Suominen #1
Wiping ~2.1 billion euros
Global nonwovens market
totaling ~26 billion euros
We are a global leader in nonwovens for wipes
• Kimberly-Clark
• PGI
• Fiberweb
• First Quality
• Pegas
• Kimberly-Clark
• Ahlstrom
• Freudenberg
• DuPont
• First Quality
Upholstery
10%
Other
27%
Building/roofing
7%
Filtration
9%
Floor coverings
6%
Automotive
5%
Wiping
8%
Medical
3%
Hygiene
25%
3/19/2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 7
8. Fast transformation into a nonwovens company with
operations in three continents
2011
Three lines of
business :
Nonwovens
Flexibles
Codi Wipes
11/1/2011
Ahlstrom
Home&Personal
acquisition
7/15/2013
Divestment of
Codi Wipes
2/10/2014
Acquisition
of Brazilian unit
7/14/2014
Divestment of
Flexibles
business area
Net sales by line of business and geographical coverage from 2011 to date.
3/19/2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 8
9. Suominen is one of the largest nonwoven
manufacturers globally
0
1
2
19.3.2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 9
Source:NonwovensIndustry
Net sales, billion USD
10. Expanded and diversified financing
Gearing, % Gearing, %
19.3.2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 10
174,0
111,0
101,0 96,2
34,7
0
50
100
150
200
2010 2011 2012 2013 2014
• Strengthened balance sheet enabled refinancing.
• Target range for gearing between 40 and 80%.
79,3
71,4
43,3
34,7
0
10
20
30
40
50
60
70
80
90
Q1/14 Q2/14 Q3/14 Q4/14
11. Suominen’s purpose
19.3.2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 11
Our purpose is
to make nonwovens continuously better
for people.
13. Historically, growth in the demand for nonwovens
has exceeded the growth of the GDP
USA Europe
-4%
-2%
0%
2%
4%
6%
8%
10%
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
GDP Nonwoven demand
2014–2016 GDPs are forecasted.
In Europe, GDP growth is for euro area.
For nonwovens demand, the graphs illustrate the change in the value (USD) of nonwoven demand; 2006–2010 actual, 2011–2015
forecasted.
-10%
-5%
0%
5%
10%
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
GDP Nonwoven demand
3/19/2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 13
14. Demand for Suominen nonwovens is expected
to grow globally
3/19/2015 14
+2%
+7%
+2–6%
+7%
+8%
Global growth rate ~5%
Growth rate for Suominen regions ~3%
Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications.
Aging population
Everyday convenience
Health and well-being
trends
Growing
population and
middle class
Growing
population and
middle class
15. Demand for Suominen’s products is growing both in
emerging and developed markets
Household wipes
Incontinence products
Baby wipes
Disposable diapers
Feminine care products
USD 14 000+
USD 7 000+
USD 10 000+
USD 4 000+
GDP per capita
USD 1 000+
19.3.2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 15
17. Net sales grew markedly
Net sales, M€
19.3.2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 17
- FY2014: Net sales grew by 7.5% and organically by 3.5%.
55,7
98,3
356,9 373,7 401,8
0
100
200
300
400
500
2010 2011 2012 2013 2014
Continuing operations.
18. Significant improvement in operating profit excl.
non-recurring items
Operating profit excl. NRI, M€ and %
19.3.2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 18
- The share of products with higher added value increased, which was reflected in gross profit and
further in operating profit – both in the fourth quarter and FY 2014.
- During the strategy period of 2012–2014, Suominen reported improved operating profit on eleven
quarters (out of twelve).
Continuing operations.
6,5 % -4,4%
4,2% 5,2%
6,7%
-10%
-5%
0%
5%
10%
-10
0
10
20
30
2010 2011 2012 2013 2014
M€ %
19. Profit for the period reached a new level
Profit for the period, M€
19.3.2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 19
Continuing operations.
-12,0 -11,8
-2,8
5,7
10,2
-15
-10
-5
0
5
10
15
2010 2011 2012 2013 2014
20. Strong cash flow from operations
Cash flow from operations, M€
19.3.2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 20
Continuing operations.
-2,5 -2,9
24,9
21,3
37,1
-10
0
10
20
30
40
2010 2011 2012 2013 2014
21. Outlook for 2015
• Suominen expects that for the full year 2015, its net sales and
operating profit excluding non-recurring items will improve
from year 2014.
• In 2014, Suominen’s net sales amounted to EUR 401.8 million
and operating profit excluding non-recurring items to EUR
26.9 million.
19.3.2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 21
22. Implementation
of the strategy
in 2012–2014
3/19/2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 22
23. We have systematically implemented our strategy
How we operate
In the
Lead
Step Change
in Profitability
Suominen
Way
How we work How we win
24. We have taken several measures to advance each
cornerstone
o Compensation & Benefits
scheme
o The Behavior Matrix
o New organization
o Refreshed visual identity
o “Behavior Based Safety”
program
o Defining sustainability
strategy
o Structural cost savings
o Enhanced supply chain and
increased flexibility
o Cost-conscious way of
working
o Renewed corporate structure
o Expansion to South America
o Investments in capacity in
higher-value-added
nonwovens in the U.S.
o Developed and expanded
product portfolio
o “We Love Wipes” dialogue
Suominen
Way
Step Change in
Profitability
In the
Lead
How we winHow we operateHow we work
3/19/2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 24
25. 41%
17%
11%
21%
8% 2%
Baby Household Industrial Personal care Medical & hygiene Other
2014: 401.8 M€
Typically products high value-adding products
Convenience 92%, Care 8%
Targeted development of product portfolio
continued*
2013: 373.7 M€
* The share of baby care wiping grew due to acquisition of Paulínia plant.
19.3.2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 25
41%
18%
12%
22%
7%
26. Financial targets were met
• Clearly improve relative profitability. The target level of
the company’s return on investment (ROI) is to be above
12%. (FY/2014, continuing operations: 15,7%).
• Have a solid capital structure with a gearing ratio
principally between 40% and 80%. (FY/2014: 34,7%).
• Increase net sales organically at a rate that exceeds the
average growth rate of the industry. (In 2013,
Suominen’s net sales from nonwovens business grew
3.5%.)
0
5
10
15
20
0
20
40
60
80
100
0
2
4
6
8
10
ROI, %
GEARING, %
NET SALES GROWTH, %
FY 2014
Target
3/19/2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 26
28. In this strategy period, emphasis is on In the Lead
cornerstone – we aim to grow and win the game
How we operate
In the
Lead
Step Change
in Profitability
Suominen
Way
How we work How we win
28
30. Understanding the end user remains
in the heart of our strategy
Fiber
producer
Nonwovens manufacturer
Brand owner
Converter
Retailer
Primary
production
3/19/2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 30
31. 41%
17%
11%
21%
8%
2% 2014 (401.8 M€)
Baby Household Industrial Personal care Medical & hygiene Other
We aim at major shift in product portfolio
2017 (~500 M€) Illustrative
Suominen’s nonwovens sales by major end use applications
3/19/2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 31
32. Each selected application has a role to play
in the strategy
Flushables
Baby care
3/19/2015
Personal care
Industrial
Household
Travel and catering
GrowthpotentialinrelevantmarketregionsforSuominen.
Medical
Hygiene
Relative growth potential Attractiveness
MARKET GROWTH POTENTIAL
HIGH
MEDIUM
MEDIUM TO HIGH
MEDIUM
MEDIUM TO HIGH
HIGH
HIGH
HIGH
MEDIUM TO HIGH
MEDIUM
HIGHMEDIUMLOW
HIGHMEDIUMLOW
HIGHMEDIUMLOW
HIGHMEDIUMLOW
HIGHMEDIUMLOW
HIGHMEDIUMLOW
HIGHMEDIUMLOW
HIGHMEDIUMLOW
HIGHMEDIUMLOW
HIGHMEDIUMLOW
HIGHMEDIUMLOW
HIGHMEDIUMLOW
HIGHMEDIUMLOW
HIGHMEDIUMLOW
HIGHMEDIUMLOW
HIGHMEDIUMLOW
Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 32
33. We will achieve our vision to be a Market Driven
Product Leader if we…
19.3.2015 33Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications.
Evolve culture and capabilities to build strong
product company1
Execute demand driven supply chain2
Drive proactive key account management for
mutual value creation
3
Deliver superior value in thoughtfully selected
market applications
4
34. Our growth investment program supports
the execution of the strategy
Extend
geo-
graphical
reach
Acquisitions
Not in focus in the strategy
period 2015–2017
Sustain &
improve
“Retrofit” Expand
Projected growth investments
30–50 M€ until 2017
3/19/2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 34
35. Growth investment program launched swiftly
19.3.2015 35Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications.
Paulínia, Brazil
North America
Nakkila, Finland
Alicante, Spain
36. Sustainability agenda 2015–2017
Long-term
relations with
customers &
suppliers
Suominen’s purpose and vision
Innovation
Development of
sustainable
products
Competence
development
Non-discrimination
Material &
resource efficiency
Achieving
product leadership
Fostering responsibility
throughout the value chain
Operating sustainably
throughout the organization
3/19/2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 36
37. Together with the strategy update, the Board of
Directors approved Suominen’s dividend policy
• Suominen’s policy is to distribute approximately 30% of its
profit for the period in annual dividends.
• In assessing its proposal for the payment of dividends, the
company’s Board of Directors will also consider Suominen’s
future investment needs and the solidity of its financial
position.
• The Board of Directors proposes to the Annual General
Meeting a EUR 0.01 per share distribution of funds.
19.3.2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 37
38. Suominen’s strategy 2015–2017
• Deliver superior value in thoughtfully selected
market applications.
• Drive proactive key account management for
mutual value creation.
• Execute demand driven supply chain.
• Evolve culture and capabilities to build strong
product company.
Market Driven Product Leader
Our purpose is to make nonwovens continuously better for people.
• Organic net sales growth at a rate that
exceeds the industry average (approx. 3%)
• A return on investment of more than 12%
• A gearing ratio between 40% and 80%
Purpose – why?
Vision – where?
Strategy – how?
19.3.2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 38
Financial targets
39. Summary 2014
Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications.19.3.2015 39
Divestment of the
Flexibles business
area – Suominen
became a 100%
nonwovens
company.
Expanded and
diversified
financing.
Profitability
improved
considerably and
financial position
strengthened.
Revised strategy
aims at profitable
growth.
Investment
program launched
to execute growth
strategy.
We expanded our
business to South
America.
New organization,
two business
areas.