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Profits Up At Fiberweb

September 1, 2010

Fiberweb announced sales and earnings information for the January-June 2010 period. The company recorded a 9% increase in industrial volumes and a 4% increase in hygiene volumes.

Fiberweb saw a revenue increase of 9% to $369 million, compared to a 5% decrease to $386 million tallied for the same period in 2009. Fiberweb announced an underlying operating margin increase of 5.9%, despite a $7 million adverse net raw material impact. Fiberweb’s underlying operating profit increased 27% to $22 million.
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