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Ahlstrom Records 2Q Earnings

September 1, 2009

The weakening of sales of most of Ahlstrom’s products stabilized during the second quarter and sales of certain products revived.

Ahlstrom Corporation generated second quarter 2009 net sales of €398.9 million, a 14.4% decline compared to €465.9 million for the same period last year but up 6.1% from the first quarter 2009.

Net sales of the FiberComposites segment totaled €212.4 million, representing 53% of the Group net sales. The segment’s net sales saw a 17.4% drop from €257.0 million in the year-ago quarter. New sales declined 4% in the Advanced Nonwovens business area from €46.2 million to €443 million.

In the Filtration segment, net sales hit €69.5 million, a 16.1% decrease from €82.9 million in the year-ago quarter. Meanwhile, in the Glass and Industrial Nonwovens segment, net sales dove 32.9%, from €63.7 million in the second quarter of 2008 to €42.7 million in the second quarter of 2009. The Home and Personal Nonwovens segment recorded sales of €58.0 million, compared to €67.0 million in the second quarter last year.
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