# Suominen Oyj > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/en/companies/suominen). ## Overview Suominen is a Finnish company specializing in the production of nonwovens, primarily for wiping products and other applications. The company aims to be a leader in innovative and sustainable nonwovens, with products that are integral to everyday life globally. In 2024, Suominen reported a revenue of €462.3 million and employed over 700 professionals across Europe, North America, and South America. The company's shares are listed on Nasdaq Helsinki. ## Products & services • Nonwoven roll goods for wiping products • Sustainable nonwoven materials • Bio-based nonwoven products • Customized nonwoven solutions • Nonwoven materials for hygiene and healthcare • Nonwoven materials for industrial applications - **Wiping Products** (50%) — Nonwoven materials for consumer and industrial wiping applications - **Hygiene and Healthcare** (20%) — Nonwoven materials used in hygiene and healthcare products - **Sustainable Products** (15%) — Bio-based and eco-friendly nonwoven materials - **Industrial Applications** (15%) — Nonwoven materials for various industrial uses - Nonwoven roll goods for wiping products - Sustainable nonwoven materials - Bio-based nonwoven products - Customized nonwoven solutions - Nonwoven materials for hygiene and healthcare - Nonwoven materials for industrial applications ## Customers Suominen's customer base primarily consists of companies in the consumer goods sector, particularly those producing wipes and hygiene products. The company also serves industrial clients requiring specialized nonwoven materials. Customers value Suominen's commitment to sustainability and innovation, which aligns with the growing demand for eco-friendly products. Long-term relationships with key clients are maintained through contracts and a focus on customer-specific solutions. - **Consumer Goods** (primary) — Purchase nonwoven materials for wipes and hygiene products - **Industrial** (secondary) — Require specialized nonwoven materials for various applications - **Sustainable Products** (emerging) — Focus on eco-friendly and bio-based nonwoven materials - Consumer goods companies producing wipes - Hygiene product manufacturers - Industrial clients needing specialized nonwovens - Customers seeking sustainable and innovative materials - Long-term relationships with key clients through contracts ## Geography Suominen operates manufacturing facilities in Europe, North America, and South America, with a significant presence in Finland, Italy, Spain, and the USA. The company's key markets include the Americas, which account for 62% of revenue, and the EMEA region, contributing 38%. This geographic distribution allows Suominen to efficiently serve its global customer base and adapt to regional market demands. - **Americas** (62%) - **EMEA** (38%) - Manufacturing in Finland, Italy, Spain, and the USA - Key markets in the Americas and EMEA regions - 62% of revenue from the Americas - 38% of revenue from EMEA - Global presence supports diverse customer needs ## Strategy Suominen's strategic priorities focus on growth and profitability through sustainability, customer orientation, and operational efficiency. The company aims to expand its product offerings with innovative and sustainable solutions while enhancing its manufacturing capabilities in Europe and the Americas. Suominen is exploring opportunities in adjacent markets and Asia to further its strategic goals. - **Sustainability and Innovation** (medium-term) — To meet growing demand for eco-friendly products - **Geographic Expansion** (long-term) — To increase market presence in Asia - **Operational Efficiency** (short-term) — To improve profitability - Focus on growth and profitability through sustainability - Enhance manufacturing capabilities in Europe and Americas - Expand product offerings with innovative solutions - Explore opportunities in adjacent markets and Asia - Maintain operational efficiency and customer orientation ## Risks Suominen faces several risks, including market concentration, as a significant portion of revenue comes from a few large customers. Changes in consumer preferences towards sustainable products can impact demand. The company is also exposed to financial risks such as currency fluctuations and interest rates. Additionally, geopolitical tensions and climate change pose potential threats to operations and supply chains. - **Market Concentration** [high] — High reliance on a few large customers - **Consumer Preference Changes** [medium] — Shift towards sustainable products - **Financial Risks** [medium] — Currency and interest rate fluctuations - **Geopolitical Tensions** [high] — Potential disruptions in supply chains - **Climate Change** [medium] — Impact on raw material availability - Market concentration with reliance on a few large customers - Consumer preference shifts towards sustainable products - Exposure to currency and interest rate fluctuations - Geopolitical tensions affecting supply chains - Climate change impacts on raw material availability ## Accounting Suominen's financial reporting is governed by IFRS standards, with a focus on revenue recognition under IFRS 15. The company must carefully manage currency translation due to its international operations. Seasonality affects revenue, requiring careful analysis of quarterly results. Estimates and provisions, particularly for inventory and receivables, are critical due to market volatility. - **Revenue Recognition** — high - **Currency Translation** — medium - **Seasonality** — medium - Revenue recognition under IFRS 15 impacts financial results - Currency translation affects international operations - Seasonality requires careful quarterly analysis - Estimates and provisions critical for inventory and receivables - Adherence to IFRS standards ensures transparency --- *Last updated: 2026-08-11T04:04:56.054574+00:00*