Net sales in 2010 estimated to be better than earlier expected
Ahlstrom Corporation STOCK EXCHANGE RELEASE 19.4.2010 at 09.00
Ahlstrom Corporation, a leading manufacturer of nonwovens and specialty papers, anticipated in its financial statements bulletin on February 3, 2010, that the Group net sales will increase compared to 2009, but remain lower than in 2008. EBIT excluding non-recurring items was estimated to increase from 2009.
The recovery of demand that started toward the end of 2009, continued in January-March 2010. Since sales prices in most business areas are being increased to cover the rising raw material costs and sales volumes seem to develop slightly more favorably than anticipated, the net sales estimate has been revised.
Demand and net sales in 2010 are expected to increase to approximately the same levels they were in 2008. The company will continue to increase sales prices to cover for the risen raw material costs. It will also be ready to increase sales prices further to cover for possible future raw material price increases.
The EBIT estimate given in the financial statements bulleting remains unchanged. EBIT excluding non-recurring items is expected to increase from 2009.
The company's first quarter financial results will be published on Thursday, April 29, 2010.
Jan Lång, President & CEO
Jan Lång, President & CEO, tel. +358 10 888 4700
Seppo Parvi, 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 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 5,800 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2009, Ahlstrom's net sales amounted to EUR 1.6 billion. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. The company website is at www.ahlstrom.com.