In the first quarter of 2026, Suominen’s net sales decreased by 18.6% from the comparison period to €95.6 million ($112 million). Sales volumes decreased from the comparison period, as well as sales prices following the raw material price development. Currencies impacted net sales negatively by €5.6 million ($6.6 million).

Net sales of the Americas business area amounted to €55.6 million ($65.3 million) and net sales of the EMEA business area were €40 million ($47 million).

Charles Héaulmé, president and CEO, said sales continued to be affected by significant incidents at Suominen’s U.S. facilities in 2025, which led some customers to increase imports. Additionally, volumes reflect capacity adjustments initiated in Europe in mid-2025.

“As our financial performance and supply reliability have not met expectations in recent years, we announced at the end of January the launch of a three-year profitability improvement program targeting 10% EBITDA margin,” Héaulmé said. “To strengthen our ability to execute this ambitious transformation, we introduced a new functional operating model designed to reinforce expertise and effectiveness, with a clear focus on customers and manufacturing.”

Suominen is prioritizing improvements in production and supply, operational efficiency and commercial capabilities to deliver greater value to its customers and shareholders, he added. “We have started upgrading our manufacturing capabilities, deploying continuous improvement methodologies across all processes and establishing a stronger culture of accountability. Also, our new production line in Alicante, Spain, is ready for commercial production within the second quarter this year.

“I am encouraged by the resilience and commitment demonstrated by our organization in a challenging environment. With these initiatives in place and a renewed focus on disciplined execution, I am confident that our performance will improve compared with 2025,” Héaulmé concluded.