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Ahlstrom restates its outlook for 2008
28 May '08
2 min read
High oil prices are expected to keep energy and synthetic fiber costs high. On the other hand, the slowdown of the Chinese textile industry is anticipated to reduce the price of rayon. For chemicals, the price development is anticipated to be mixed.
In order to improve profitability, Ahlstrom has implemented price increases, which are currently taking effect in all business areas.
As a result of the restructuring actions decided on during the fourth quarter of 2007, Ahlstrom will have a more competitive cost structure in 2008.
The restructuring is targeted to gradually improve operating profit annually by EUR 25 million, with full effect seen from the second half of 2008 onwards.
As a result of the implemented growth actions and recent restructuring measures, Ahlstrom is well positioned to grow and clearly improve its operating financial performance in 2008.
In order to improve profitability, Ahlstrom has implemented price increases, which are currently taking effect in all business areas.
As a result of the restructuring actions decided on during the fourth quarter of 2007, Ahlstrom will have a more competitive cost structure in 2008.
The restructuring is targeted to gradually improve operating profit annually by EUR 25 million, with full effect seen from the second half of 2008 onwards.
As a result of the implemented growth actions and recent restructuring measures, Ahlstrom is well positioned to grow and clearly improve its operating financial performance in 2008.
Ahlstrom Corporation
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