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Interim Report January – September 2008
Ahlstrom Corporation STOCK EXCHANGE RELEASE October 28, 2008 at 8.30
Interim report January-September 2008:
Net sales growth continued in the third quarter
Key highlights of July-September
- Net sales grew by 1.4% to EUR 451.2 million (EUR 444.9 million), and
organically by 6.9%.
- Operating profit excluding non-recurring items decreased by 28.9% to EUR
11.5 million (EUR 16.2 million) mainly due to lower gross margin and
decreased demand in some of Ahlstrom’s products.
- Ahlstrom acquired the remaining 40% of the joint venture formed in 2007
with Votorantim Celulose e Papel (VCP) in Brazil.
- Jan Lång was appointed Ahlstrom’s President and CEO as from January 1,
2009.
Outlook
- Full-year net sales are anticipated to increase from that of 2007. Full-year
operating profit excluding non-recurring items is expected to be clearly lower
than in 2007.
Key figures, EUR million Q3/2008 Q3/2007 Q1-Q3/ Q1-Q3/ 2007
2008 2007
Net sales 451.2 444.9 1,383.4 1,298.3 1,760.8
Operating profit 11.3 16.1 50.0 60.5 25.8
* excluding non-recurring items 11.5 16.2 49.4 56.8 67.8
Profit before taxes 3.5 6.7 28.9 43.4 0.2
* excluding non-recurring items 3.7 6.7 28.3 39.6 42.1
Return on capi
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