;
Home / Knowledge / News / Textiles / Suominen continues efficiency-enhancement measures
Suominen continues efficiency-enhancement measures
06
Feb '08
For the last quarter of 2007, Suominen Corporation is writing off a total of EUR 8 million of the book values of its goodwill.

These write-offs relate to the Wet Wipes' and Nonwovens' business operations and have no effect on cash flow. The uncertainty relating to the amount and timing of future cash flows from these cash-generating units is estimated to have increased, which decreases the units' values in use.

Suominen continues its efficiency-enhancement programmes to generate cost savings, to continuously improve its operations and to increase sales based on its own product offering. In 2007, cost savings and efficiency-enhancement measures generated some EUR 4 million. In 2008, the aim is to achieve at least an equal result in efficiency-enhancement.

After the goodwill write-off, Suominen's operating profit and result after taxes for 2007 are negative. The comparable underlying operating profit improves, but the underlying result after taxes is negative. Suominen's goodwill after the write-off amounts to EUR 26 million.

Suominen Corporation is a company serving the consumer goods industry and retail trade chains. The main business areas are Wipes and Nonwovens, and Flexible Packaging.

Suominen Nonwovens develops and manufactures nonwoven roll goods for producers of wiping, hygiene and health care products.

Suominen Corporation


Must ReadView All

India should consider 100% FDI in multi-brand retail: CII

Apparel/Garments | On 17th Dec 2018

India should consider 100% FDI in multi-brand retail: CII

The Indian Government should consider permitting 100 per cent foreign ...

Texhong Textile acquires Winnitex for HK$1350 mn

Textiles | On 17th Dec 2018

Texhong Textile acquires Winnitex for HK$1350 mn

Texhong Textile Group, one of world’s largest core spun yarn...

Courtesy: Donear

Textiles | On 17th Dec 2018

Grado to launch cotton fabrics collection next year

Grado by the house of OCM and GBTL-Grasim, owned by Donear Group,...

Interviews View All

Mandeep Nagi, Shades of India

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Akash Khetan, Narayan Tex Fab

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Top executives, Textile industry

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Iacopo Pardini,

Iacopo Pardini

Founded in 1953, Italian engineering company Arioli Spa started...

Carmen Silla,

Carmen Silla

Leading the transformation of the textiles industry with disruptive...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


December 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search