Ahlstrom updates 2011 outlook for net sales and operating profit
(Thomson Reuters ONE) -
Ahlstrom Corporation STOCK EXCHANGE RELEASE 18.10.2011 at 09.45
Ahlstrom Corporation's sales volume development in the second half of 2011 has
been weaker than earlier anticipated due to the slowdown in its main markets.
The lower than expected demand has had an adverse impact on the company's net
sales and operating profit, particularly in the Label and Processing business
area.
As a result, Ahlstrom updates its 2011 outlook for net sales and operating
profit excluding non-recurring items from continuing operations. The company now
estimates net sales to be EUR 1,565-1,645 million and operating profit excluding
non-recurring items of EUR 46-56 million. Ahlstrom had previously expected net
sales to be at EUR 1,580-1,740 million and operating profit excluding non-
recurring items of EUR 67-87 million. Both the new and the previous guidance
exclude figures from Home and Personal business area. The divestment of Home and
Personal to Suominen Corporation is expected to be completed by the end of
October 2011.
Ahlstrom will take firm action to address its underperforming businesses and to
further streamline its cost structure to gain efficiencies in the supply chain
base. More information on these actions will be announced in a separate release
today.
The company will publish its interim results for January-September on October
24, 2011.
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 available atwww.ahlstrom.com.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ahlstrom Oyj via Thomson Reuters ONE
[HUG#1555544]
Unternehmensinformation / Kurzprofil:
Datum: 18.10.2011 - 08:45 Uhr
Sprache: Deutsch
News-ID 77080
Anzahl Zeichen: 2935
contact information:
Town:
Helsinki
Kategorie:
Business News
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