Ahlstrom Corporation STOCK EXCHANGE RELEASE September 13, 2016 at 08.30
Ahlstrom raises its outlook on profitability for 2016
Ahlstrom raises its outlook for adjusted operating profit margin in 2016 as a result of continued improvement in operational performance and lower variable costs. The outlook range for net sales is narrowed.
New outlook for 2016:
Ahlstrom expects net sales in 2016 to be in the range of EUR 1,060-1,100 million. The adjusted operating profit is expected to be 6.5%-7.5% of net sales.
The adjusted operating profit excludes restructuring costs, impairment charges and capital gains or losses.
Previous outlook for 2016:
The company expects net sales in 2016 to be in the range of EUR 1,040-1,140 million. The adjusted operating profit is expected to be 5.4%-6.4% of net sales.
For more information, please contact:
Chief Financial Officer
Tel. +358 10 888 4768
Investor Relations & Financial Communications Manager
Tel. +358 10 888 4731
Ahlstrom in brief
Ahlstrom provides innovative fiber-based materials with a function in everyday life. We are committed to growing and creating stakeholder value by proving the best performing sustainable fiber-based materials. Our products are used in everyday applications such as filters, medical fabrics, life science and diagnostics, wallcoverings, tapes, and food and beverage packaging. In 2015, Ahlstrom's net sales amounted to EUR 1.1 billion. Our 3,300 employees serve customers in 22 countries. Ahlstrom's share is quoted on the Nasdaq Helsinki. More information is available at www.ahlstrom.com.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ahlstrom Oyj via Globenewswire