HELSINKI, June 29, 2016-

European Securities and Markets Authority, ESMA has disclosed new guidelines concerning alternative performance measures. The guidelines are effective as of 3 July 2016 and Suominen Corporation will change the terminology related with the alternative performance measures as of its Q2 interim report, to be disclosed on 9 August 2016.

In accordance with the new guidelines, Suominen changes the term ”excluding non-recurring items” to ”comparable”. Comparable performance measures are adjusted with certain material items that are considered to affect comparability between reporting periods. These items include, among others, impairment losses or reversals of impairment losses, gains or losses from the sales of property, plant and equipment or intangible assets or other assets and restructuring costs. The definition of the items affecting comparability equals with the definition of non-recurring items used earlier.

Nonwovens Markets subscribers - click here to read the full article.

Not a subscriber?

Try Nonwovens Markets free!