Home / Knowledge / News / Textiles / Sales growth continues at Ahlstrom in January-September
Sales growth continues at Ahlstrom in January-September
26
Oct '10
Ahlstrom, a global leader in the development, manufacture and marketing of high performance nonwovens and specialty papers, announced interim report January-September 2010.

July-September 2010 compared to July-September 2009:

• Net sales EUR 482.4 million (EUR 400.6 million), up 20.4%.
• Operating profit EUR 16.9 million (EUR 13.1 million). The figure includes non-recurring items of EUR 0.3 million (EUR -4.4 million).
• Profit before taxes EUR 8.3 million (EUR 7.3 million), and earnings per share EUR 0.06 (EUR 0.10).
• Net cash flow from operating activities EUR 67.5 million (EUR 67.3 million).

January-September 2010 compared to January-September 2009:

• Net sales EUR 1,412.8 million (EUR 1,175.6 million), up 20.2%.
• Operating profit EUR 60.7 million (EUR 12.1 million). The figure includes non-recurring items of EUR 1.4 million (EUR -8.2 million).
• Profit before taxes EUR 38.1 million (loss before taxes EUR 6.6 million) and earnings per share EUR 0.44 (EUR -0.11).
• Net cash flow from operating activities EUR 144.7 million (EUR 161.0 million).

Events in July-September 2010

• Ahlstrom completed the acquisition of Shandong Puri Filter & Paper Products Limited, manufacturer of filter materials for the transportation industry, in China.
• The company's new financial reporting segments became effective on July 1, 2010 as part of the renewed organizational and operating model.

Outlook for 2010

• Ahlstrom reiterates its previous outlook. The company estimates that net sales for the current year will be above the 2008 level. Operating profit excluding non-recurring items is estimated to increase from 2009.

Long-term financial targets

• The company's Board of Directors today approved Ahlstrom's specified long-term financial targets. The targets for return on capital employed and gearing ratio remain unchanged, and in addition, Ahlstrom is seeking an increase of at least 5% in net sales annually at constant currency rates, including acquisitions.

Jan Lång, President and CEO:
The demand for our products continued to develop as forecasted in most of our customer segments, and our cash flow remained strong in the third quarter, when demand is seasonally weaker in many of our markets. Our growth strategy in Asia moved forward with the completion of the acquisition of Shandong Puri Filter & Paper Products Limited in China.

Higher maintenance costs and adverse currency moves affected our results negatively in the quarter. However, we will continue to work hard to improve our profitability and increase performance of the production lines that were part of our 2007 and 2008 investment program.

Click here for more details

Ahlstrom Oyj

Must ReadView All

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Textiles | On 27th Feb 2017

Textile industry can boost South African economy: Minister

The textile industry is one of the most strategic platforms through...

Courtesy: Invista

Textiles | On 27th Feb 2017

Invista explores alternatives for apparel & textile trade

Invista, one of the world's largest integrated producers of chemical...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search