Ahlstrom updates 2011 outlook following plan to divest Home and Personal business area
Ahlstrom Corporation STOCK EXCHANGE RELEASE 4.8.2011 at 9:02
Ahlstrom Corporation, a global high performance materials company, updates its 2011 outlook following the agreement to divest its Home and Personal business area to Suominen Corporation.
In Ahlstrom's April-June 2011 interim report, its Home and Personal business area will be classified as a non-current asset held for sale and reported separately as discontinued operations as a result. Ahlstrom expects net sales from continued operations to be EUR 1,580-1,740 million and operating profit excluding non-recurring items at EUR 67-87 million in 2011.
The company's prior outlook for 2011, including discontinued operations, for net sales was EUR 1,920-2,080 million and operating profit excluding non-recurring items EUR 75-95 million.
For more information, please contact:
Liisa Nyyssönen
Vice President, Communications
Tel. +358 10 888 4757
Seppo Parvi
CFO
Tel. +358 10 888 4768
Ahlstrom in brief
Ahlstrom is a high performance materials company, partnering with leading businesses around the world to help them stay ahead. Our products are used in a large variety of everyday applications, such as filters, wallcovers, wipes, flooring, labels and food packaging. We have a leading market position in the businesses in which we operate. Our 5,700 employees serve customers in 26 countries on six continents. In 2010, Ahlstrom's net sales amounted to EUR 1.9 billion. The company's share is quoted on the NASDAQ OMX Helsinki. More information is available at www.ahlstrom.com