AHLSTROM-MUNKSJÖ OYJ PRESS RELEASE OCTOBER 25, 2021 11.15 (EEST)
Ahlstrom-Munksjö Holding estimates that net sales were EUR 777 million for the third quarter in 2021, 19% higher compared to third quarter in 2020 (EUR 654 million1) and pro forma2 net sales for the nine months ended September 30, 2020 were EUR 2,258 million, 13% higher compared to the same period last year (EUR 1,994 million1). Ahlstrom-Munksjö Holding further estimates that comparable EBITDA was EUR 93 million for the third quarter in 2021, 18% higher compared to the third quarter in 2020 (EUR 79 million1) and comparable EBITDA was EUR 3863 million for the last twelve months ended September 30, 2021, 16% higher compared to comparable EBITDA for the year ended December 31, 2020 (EUR 334 million1). In the third quarter 2021 delivery volumes increased by 6% and were the key driver for the improvement in both net sales and comparable EBITDA. These figures are preliminary in nature and the actual results for this period may differ from these preliminary estimates.
Based on the current progress of the profit improvement initiatives, Ahlstrom-Munksjö’s owners have identified additional profit improvement opportunities that they expect can be actioned over the following four-year period, raising the total identified opportunities to above EUR 230 million from the initially identified amount of above EUR 200 million.
A presentation covering the above information has been published on the company’s website www.ahlstrom-munksjo.com/reports-and-presentations.
Ahlstrom-Munksjö’s parent company Ahlstrom-Munksjö Holding 3 Oy will publish its January-September 2021 interim report on Wednesday, November 17 approximately at 12:00 EET. The interim financial report will be available at www.ahlstrom-munksjo.com/investors
An invitation to a combined live audiocast and teleconference call will be sent out in due course.
Johan Lindh, Vice President, Group Investor Relations, + 358 10 888 4994, email@example.com
1 Ahlstrom-Munksjö historical, see more of basis of presentation in Q2/2021 interim financial report appendix 1.
2 Pro forma, see more of unaudited pro forma basis of compilation in Q2/2021 interim financial report appendix 3.
3 Historical data of the LTM before the acquisition is based on Ahlstrom-Munksjö consolidated numbers.
Cautionary Notice Regarding Forward Looking Statements
Certain statements contained in this announcement may be statements of future expectations and other forward-looking statements. The forward-looking statements include, but are not limited to, all statements other than statements of historical facts, including, without limitation, those regarding Ahlstrom-Munksjö’s future financial position and results of operations, strategy, plans, objectives, goals and targets and future developments in the markets where Ahlstrom-Munksjö participates or is seeking to participate. Any forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond Ahlstrom-Munksjö’s control, that could cause Ahlstrom-Munksjö’s actual results and performance to differ materially from any expected future results or performance expressed or implied by any forward-looking statements.
Ahlstrom-Munksjö in brief
Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative and sustainable solutions to its customers. Our mission is to expand the role of fiber-based solutions for sustainable everyday life. Our offering includes filter materials, release liners, food and beverage processing materials, decor papers, abrasive and tape backings, electrotechnical paper, glass fiber materials, medical fiber materials, diagnostics and energy storage solutions, as well as a range of specialty papers for industrial and consumer end-uses. Our annual net sales is about EUR 2.7 billion and we employ some 7,800 people. Read more at www.ahlstrom-munksjo.com