For the full year, the company’s net sales were €2.2 billion ($2.7 billion), showing a gain of 3.9%. Comparable net sales increased by 4.6% at constant currency rates.
Major recent events include the conclusion of the merger of Ahlstrom Corporation into Munksjö Oyj, which was completed on April 1, 2017, and in December, Ahlstrom-Munksjö announced that Hans Sohlström will be appointed president and CEO, effective June 30, 2018 at the latest.
Jan Åström, current president and CEO, says: “Our first year as Ahlstrom-Munksjö was exciting and we made good progress in terms of financial performance and integration. We truly demonstrated our ability to grow throughout the year and achieved a remarkable growth of over 7% in the fourth quarter at constant currency rates. Our businesses also managed well in keeping our margin intact even as cost increases in some of our key raw materials accelerated. This rapid increase is also reflected in our guidance for 2018 given the time-lag before our price increases to compensate for the increased raw material costs.
“Our Filtration business had a record year, Release Liners posted robust growth and our operations in Brazil made a good improvement. We will continue to be active in pricing to mitigate raw material cost increases, which has in particular impacted our Decor business, and we expect to benefit gradually from merging the coated one-sided papers business into our Food Packaging unit during this year.”