Finnish company’s 2025 results hit by impairment loss of €18.4 million from share of mothballed Woodspin joint venture
JYVÄSKYLÄ – Scandinavian textile fibre innovator Spinnova has reported a 55% drop in revenues and worsening losses for 2025 following a troubling period for the Finnish company.
In its financial results for the 12 months to December 2025 released today, Spinnova posted revenues of €344,000, almost half the €762,000 earned in 2024.
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