Preliminary information on Ahlstrom's Q3 financial result, full-year outlook weaker than anticipated
Ahlstrom Corporation STOCK EXCHANGE RELEASE 15.10.2008
According to preliminary information, Ahlstrom's net sales in July-September 2008 is approximately MEUR 451.2 and operating profit MEUR 11.4 excluding non-recurring items.
Ahlstrom revises its full-year outlook for 2008 due to the weakening demand for some of its products. Operating profit excluding non-recurring items is expected to be clearly lower than in 2007, which was EUR 67.8 million.
Ahlstrom earlier estimated its full-year operating profit to be almost at the level of last year. The estimate was based on a weaker demand especially in the USA in a variety of products, e.g. wipes and products for the building, automotive and marine industries. It has now become evident that the demand is weakening in these product segments also outside the USA. The company has taken actions to adjust its production to the lower demand.
The demand for Ahlstrom's other products has still been growing and the company anticipates its full-year net sales to increase from that of 2007.
Ahlstrom will publish its January-September interim report on October 28, 2008.
Risto Anttonen, CEO
Tel. +358 10 888 4166
Jari Mäntylä, CFO
Tel. +358 10 888 4768
NASDAQ OMX Helsinki
Ahlstrom in brief
Ahlstrom is a global leader in the development, manufacture and marketing of high performance fiber-based materials. Nonwovens and specialty papers, made by Ahlstrom, are used in a large variety of everyday products, such as filters, wipes, flooring, labels, and tapes. Based upon its unique fiber expertise and innovative approach, the company has a strong market position in several business areas in which it operates. Ahlstrom's 6,500 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2007, Ahlstrom's net sales amounted to EUR 1.8 billion. Ahlstrom's share is listed on the NASDAQ OMX Helsinki. The company website is www.ahlstrom.com.