05.21.14
Ahlstrom has reported an improvement in profitability during the first quarter of January 2014. Sales decreased slightly from €255 million ($350 million) to €249.2 million ($342 million) while operating profit excluding non-recurring items was €7.2 million ($9.9 million) compared to €6.5 million ($8.9 million).
New products were introduced to accelerate growth and improve sales mix and profit margins, resulting in a clear improvement in all three business areas, Advanced Filtration, Food and Transportation.
“I’m pleased that we were able to make good progress and improve our profitability in three business areas. Advanced Filtration achieved excellent profitability, Transportation Filtration posted solid growth in both sales and profits, and Food showed very good comparable growth during the quarter. Overall, our new products are gaining traction,” says Jan Lang, president and CEO. “Meanwhile, we continued to address the issues in our two underperforming businesses, Building and Energy and Medical. We still have work ahead of us in these two businesses, but I’m confident that we are able to enhance competitiveness with ongoing initiatives.”
New products were introduced to accelerate growth and improve sales mix and profit margins, resulting in a clear improvement in all three business areas, Advanced Filtration, Food and Transportation.
“I’m pleased that we were able to make good progress and improve our profitability in three business areas. Advanced Filtration achieved excellent profitability, Transportation Filtration posted solid growth in both sales and profits, and Food showed very good comparable growth during the quarter. Overall, our new products are gaining traction,” says Jan Lang, president and CEO. “Meanwhile, we continued to address the issues in our two underperforming businesses, Building and Energy and Medical. We still have work ahead of us in these two businesses, but I’m confident that we are able to enhance competitiveness with ongoing initiatives.”