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Ahlstrom Shows Growth In 2007

February 5, 2008

Ahlstrom has recently reported sales and earnings information for 2007.

Ahlstrom has recently reported sales and earnings information for 2007. For the October-December quarter, net sales amounted to €462.5 million, growing by 23.3% (adjusted for currency effect) from the fourth quarter of 2006 as a result of good demand in the FiberComposites segment and Technical Papers business area, as well as recent growth initiatives.

Net sales for the full year grew by 10.1% and amounted to €1.76 million, up from €1.59 million in 2006. As a result of the restructuring measures taken during the fourth quarter, operating profit amounted to €25.8 million, a drop from €96.1 million during the year-earlier period. As part of the restructuring, Ahlstrom decided to close four plants, which incurred an operating loss of €4.3 million in addition to the restructuring costs.

In the FiberComposites segment, which comprises three business areas, Nonwovens, Filtration and Glass Nonwovens, fourth quarter net sales grew significantly by 27.8% and amounted to €249.7 million, representing 54% of the group's net sales. The growth was mainly a result of recent acquisitions, growth investments and continued good demand. Sales volumes increased by 39.8%.
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