Ahlstrom Corporation STOCK EXCHANGE RELEASE July 20, 2016 at 09.05
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 for net sales remains unchanged.
New outlook for 2016:
Ahlstrom expects net sales from continuing operations in 2016 to be in the range of EUR 950-1,050 million. The adjusted operating profit from continuing operations is expected to be 5.0%-6.0% of net sales.
Previous outlook for 2016:
The company expects net sales from continuing operations in 2016 to be in the range of EUR 950-1,050 million. The adjusted operating profit from continuing operations is expected to be 4.2%-5.2% of net sales.
Ahlstrom plans to publish its January-June 2016 interim report on August 3, 2016.
For more information, please contact:
Chief Financial Officer
Tel. +358 10 888 4768
Financial Communications & Investor Relations 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.