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The EU Single-Use Plastics Directive (SUP Directive) was approved on 5th June 2019 and aims to limit the impact of plastic in the environment. Single-use plastics are made wholly or partly of plastic and are typically intended to be used just once or for a short period of time before they are thrown away.
Despite a transposition deadline of 3rd July 2021, just one EU member state - Greece - has fully transposed the directive into its national regulatory framework.
Tobacco products, specifically their filters, are tackled by the SUP Directive, which highlights that they are the second most found single-use plastic item on beaches in the EU.
Suominen Corporation s Financial Statements Release for January 1-December 31, 2020: Record year in both net sales and profitability
Suominen Corporation s Financial Statements Release for January 1-December 31, 2020: Record year in both net sales and profitability
Key figures
8.5
7.3
17.9
0.31
0.13
-
- 2020 proposal to the Annual General Meeting In this Financial Statement Release, the figures shown in brackets refer to the comparison period last year if not otherwise stated.
October-December 2020 in brief: - Operating profit improved significantly to EUR 8.5 million (1.4) - Cash flow from operations improved to EUR 17.9 million (5.7)
Financial year 2020 in brief:
- Net sales increased by 11.5% and were EUR 458.9 million (411.4)
- Operating profit improved significantly to EUR 39.5 million (8.1)
2020 proposal to the Annual General Meeting
In this Financial Statement Release, the figures shown in brackets refer to the comparison period last year if not otherwise stated.
October–December 2020 in brief:
- Net sales increased by 17.6% and were EUR 111.1 million (94.5)
- Operating profit improved significantly to EUR 8.5 million (1.4)
- Cash flow from operations improved to EUR 17.9 million (5.7)
Financial year 2020 in brief:
- Net sales increased by 11.5% and were EUR 458.9 million (411.4)
- Operating profit improved significantly to EUR 39.5 million (8.1)
- Cash flow from operations was strong and totaled to EUR 57.0 million (29.9)
- Board of Directors proposes to the Annual General meeting a dividend of EUR 0.10 per share and in addition to the dividend, a return of capital of EUR 0.10 per share