Ahlstrom revises its dividend policy
(Thomson Reuters ONE) - Ahlstrom Corporation STOCK EXCHANGE RELEASE 15.12.2009 at 14.50The Board of Directors of Ahlstrom Corporation has today decided torevise Ahlstrom'sdividend policy to be based on the company's cash generatingcapabilities. The policy will be applied as from the dividend paidfor the financial year of 2009.According to the new policy, Ahlstrom will aim to pay a dividend ofnot less than one third of the net cash from operating activitiesafter operative investments (such as maintenance, cost improvementand efficiency improvement investments), calculated as a three-yearrolling average. The three-year rolling average shall be used toachieve stability in the dividend payout.The remaining cash flow shall be used mainly for reducing the netdebt and for supporting the growth of the company.Ahlstrom's previous dividend policy has been to pay a dividendaveraging at least 50% of the profit for the period of the previousfinancial year.Ahlstrom CorporationBoard of DirectorsFurther information:Seppo ParviCFOTel. +358 10 888 4768Distribution:NASDAQ OMX HelsinkiMain mediawww.ahlstrom.comAhlstrom in briefAhlstrom is a global leader in the development, manufacture andmarketing of high performance nonwovens and specialty papers.Ahlstrom´s products are used in a large variety of everydayapplications, such as filters, wipes, flooring, labels, and tapes.Based upon its unique fiber expertise and innovative approach, thecompany has a strong market position in several business areas inwhich it operates. Ahlstrom's 6,000 employees serve customers viasales offices and production facilities in more than 20 countries onsix continents. In 2008, Ahlstrom's net sales amounted to EUR 1.8billion. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. Thecompany website is at www.ahlstrom.com.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 15.12.2009 - 13:50 Uhr
Sprache: Deutsch
News-ID 9633
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