Ahlstrom to book impairment charge of EUR 22.4 million in its Q4 2009 financial results
Ahlstrom Corporation STOCK EXCHANGE RELEASE 15.122009 at 14.40
Ahlstrom has completed its annual impairment testing according to IAS 36. The testing shows an impairment need of EUR 22.4 million in the Wipes cash generating unit.
As a result of the testing, Ahlstrom will book a non-cash impairment charge of EUR 22.4 million from the goodwill in the Home & Personal Nowovens Business Area in its fourth quarter 2009 financial results. The charge will have a corresponding negative effect on Ahlstrom's fourth quarter operating profit.
Ahlstrom publishes the financial results for 2009 on February 3, 2010.
President & CEO
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NASDAQ OMX Helsinki
Ahlstrom in brief
Ahlstrom is a global leader in the development, manufacture and marketing of high performance nonwovens and specialty papers. Ahlstrom´s products are used in a large variety of everyday applications, 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 6,000 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2008, Ahlstrom's net sales amounted to EUR 1.8 billion. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. The company website is at www.ahlstrom.com.