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Ahlstrom restates its outlook for 2008

28
May '08
Based on an published interview with Ahlstrom CEO Risto Anttonen, there has been speculation in the market on Ahlstrom's outlook for 2008.

Ahlstrom stresses that its outlook for 2008 is unchanged. Anttonen's comment on Ahlstrom's outlook for 2008 is quoted in the article as follows: "It depends on how the market situation and raw material prices develop, of course it is challenging, it is always a challenge to improve results but one also has to remember that we have taken action which help in this year's results, including closing four unprofitable plants."

Ahlstrom restates its outlook for 2008 given on 25 April 2008:

Demand in Ahlstrom's main markets is expected to continue at a good level in 2008. However, the uncertainty related with the market development in the USA reduces short-term visibility. Initial signs of eventual softness of demand have emerged, for example in nonwoven wiping fabrics.

The recent acquisitions and the ongoing investment projects in Brazil, Russia and China are expected to increase Ahlstrom's net sales by 10% during the first half of 2008.

If the USD remains at the current weak level, the full-year net sales growth is anticipated to be slightly below 10%.

Prices for Ahlstrom's main raw materials, especially pulp, are expected to increase or stay at the current high level during 2008.


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