Ahlstrom's restated segment information for 2009 and January-June 2010
Ahlstrom Corporation STOCK EXCHANGE RELEASE 28.09.2010 at 11.35
Ahlstrom Corporation, a global leader in nonwovens and specialty papers, changed its operating model and business structure as of July 1, 2010. Based on the new structure, Ahlstrom will report financial information for the following segments: Building and Energy, Filtration, Food Medical, Home and Personal and Label and Processing. The historical restated financial figures for the new reporting segments are presented below. The figures are unaudited.
| SEGMENT INFORMATION | Q1 | Q2 | Q3 | Q4 | Q1-Q4 | Q1 | Q2 |
| EUR Million | 2009 | 2009 | 2009 | 2009 | 2009 | 2010 | 2010 |
| Building and Energy | 55.8 | 54.2 | 57.6 | 56.1 | 223.7 | 62.1 | 68.3 |
| Filtration | 64.9 | 69.4 | 70.5 | 71.0 | 275.8 | 79.0 | 88.5 |
| Food and Medical | 78.0 | 79.0 | 74.7 | 78.5 | 310.2 | 82.0 | 91.7 |
| Home and Personal | 61.8 | 63.7 | 66.6 | 73.0 | 265.1 | 66.0 | 71.3 |
| Label and Processing | 134.4 | 151.6 | 150.0 | 162.5 | 598.5 | 172.0 | 188.1 |
| Other operations | 7.4 | 9.6 | 9.7 | 10.9 | 37.7 | 9.5 | 11.8 |
| Internal sales | -26.3 | -28.6 | -28.4 | -31.6 | -114.8 | -29.6 | -30.4 |
| Total net sales | 376.1 | 398.9 | 400.6 | 420.5 | 1,596.1 | 441.0 | 489.4 |
| Building and Energy | 2.7 | 2.8 | 3.7 | 4.4 | 13.5 | 3.5 | 3.8 |
| Filtration | 1.3 | 1.2 | 1.8 | 2.5 | 6.8 | 1.9 | 1.8 |
| Food and Medical | 8.5 | 8.5 | 6.5 | 7.1 | 30.6 | 7.0 | 6.7 |
| Home and Personal | 4.7 | 4.2 | 5.0 | 5.5 | 19.4 | 5.3 | 5.9 |
| Label and Processing | 6.6 | 7.7 | 7.5 | 7.1 | 29.0 | 7.7 | 7.7 |
| Other operations | 2.4 | 4.3 | 4.0 | 4.8 | 15.6 | 4.2 | 4.4 |
| Total internal sales | 26.3 | 28.6 | 28.4 | 31.6 | 114.8 | 29.6 | 30.4 |
| Building and Energy | -2.9 | -1.9 | -1.4 | -4.5 | -10.8 | -1.8 | 1.4 |
| Filtration | 0.9 | 4.4 | 5.3 | -6.9 | 3.7 | 7.5 | 9.4 |
| Food and Medical | 0.9 | 4.2 | 2.6 | 1.7 | 9.4 | 4.0 | 5.3 |
| Home and Personal | -2.3 | -0.4 | 2.1 | -18.3 | -18.9 | 0.4 | 1.3 |
| Label and Processing | -4.3 | 3.4 | 5.0 | -0.9 | 3.3 | 5.3 | 14.2 |
| Other operations | -2.7 | -0.1 | -0.8 | 2.3 | -1.4 | -1.4 | -1.9 |
| Eliminations | -0.3 | 0.2 | 0.1 | -0.0 | 0.0 | -0.0 | 0.1 |
| Operating profit / loss | -10.7 | 9.7 | 13.1 | -26.6 | -14.6 | 14.0 | 29.8 |
| Operating profit / loss, % | |||||||
| Building and Energy | -5.2 | -3.5 | -2.5 | -8.1 | -4.8 | -2.8 | 2.0 |
| Filtration | 1.4 | 6.4 | 7.6 | -9.7 | 1.4 | 9.4 | 10.6 |
| Food and Medical | 1.2 | 5.3 | 3.5 | 2.2 | 3.0 | 4.8 | 5.8 |
| Home and Personal | -3.8 | -0.7 | 3.2 | -25.0 | -7.1 | 0.7 | 1.8 |
| Label and Processing | -3.2 | 2.3 | 3.3 | -0.5 | 0.6 | 3.1 | 7.5 |
| Group total | -2.9 | 2.4 | 3.3 | -6.3 | -0.9 | 3.2 | 6.1 |
| Return on net assets (RONA), % | |||||||
| Building and Energy | -6.7 | -11.1 | -14.5 | -19.1 | -6.5 | -4.4 | -0.9 |
| Filtration | 1.7 | 10.2 | 21.9 | 6.3 | 1.9 | 16.7 | 36.2 |
| Food and Medical | 1.6 | 9.2 | 14.8 | 16.8 | 4.5 | 7.7 | 16.9 |
| Home and Personal | -3.9 | -4.8 | -1.1 | -31.8 | -8.6 | 0.9 | 3.3 |
| Label and Processing | -4.8 | -0.9 | 5.0 | 9.4 | 1.0 | 6.9 | 25.8 |
| Group (ROCE), % | -3.3 | 3.2 | 4.8 | -9.4 | -1.1 | 5.2 | 10.9 |
| Building and Energy | 174.3 | 172.5 | 170.3 | 158.6 | 158.6 | 161.0 | 156.3 |
| Filtration | 214.7 | 200.3 | 188.1 | 172.5 | 172.5 | 183.7 | 188.3 |
| Food and Medical | 222.5 | 215.1 | 200.8 | 203.5 | 203.5 | 211.2 | 228.9 |
| Home and Personal | 238.4 | 227.5 | 218.9 | 197.9 | 197.9 | 202.9 | 210.6 |
| Label and Processing | 351.4 | 344.0 | 330.9 | 313.2 | 313.2 | 300.9 | 302.4 |
| Other operations | -38.2 | -2.4 | -3.1 | -2.1 | -2.1 | -37.3 | -9.4 |
| Eliminations | -0.7 | -0.5 | -0.4 | -0.4 | -0.4 | -0.4 | -0.4 |
| Total net assets | 1,162.3 | 1,156.4 | 1,105.6 | 1,043.2 | 1,043.2 | 1,022.0 | 1,076.8 |
| Building and Energy | 15.0 | 5.1 | 3.1 | 1.6 | 24.8 | 0.4 | 0.7 |
| Filtration | 0.8 | 1.0 | 1.0 | 0.5 | 3.3 | 0.3 | 1.2 |
| Food and Medical | 7.9 | 5.8 | 6.0 | 4.0 | 23.7 | 4.4 | 0.9 |
| Home and Personal | 1.0 | 0.7 | 0.3 | 0.5 | 2.5 | 0.0 | 0.5 |
| Label and Processing | 2.1 | 1.9 | 1.7 | 3.1 | 8.9 | 1.0 | 1.7 |
| Other operations | 0.2 | 0.1 | 0.2 | 0.2 | 0.7 | 0.3 | 0.3 |
| Total capital expenditure | 26.9 | 14.6 | 12.4 | 9.9 | 63.8 | 6.5 | 5.3 |
| Building and Energy | -4.5 | -4.5 | -4.5 | -4.4 | -18.0 | -4.4 | -4.6 |
| Filtration | -5.2 | -5.4 | -4.9 | -5.3 | -20.8 | -4.7 | -4.9 |
| Food and Medical | -3.8 | -4.4 | -4.2 | -9.0 | -21.4 | -4.4 | -5.2 |
| Home and Personal | -3.6 | -3.9 | -3.9 | -3.6 | -15.1 | -4.2 | -4.2 |
| Label and Processing | -7.6 | -7.1 | -7.0 | -7.2 | -28.9 | -7.2 | -7.1 |
| Other operations | -0.6 | -0.6 | -0.6 | -0.6 | -2.4 | -0.6 | -0.6 |
| Total depreciation and amortization | -25.3 | -25.9 | -25.2 | -30.2 | -106.7 | -25.5 | -26.6 |
| Building and Energy | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Filtration | 0.0 | 0.0 | 0.0 | -8.7 | -8.7 | 0.0 | 0.0 |
| Food and Medical | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Home and Personal | 0.0 | 0.0 | 0.0 | -22.5 | -22.5 | 0.0 | -0.0 |
| Label and Processing | -0.0 | -0.0 | 0.2 | -0.0 | 0.1 | -0.0 | -0.0 |
| Other operations | - | - | - | - | - | - | - |
| Total impairment charges | -0.0 | -0.0 | 0.2 | -31.2 | -31.1 | -0.0 | -0.1 |
For further information, please contact:
Seppo Parvi
CFO
Tel. +358 10 888 4768
Distribution:
NASDAQ OMX Helsinki
Main media
www.ahlstrom.com
Ahlstrom in brief
Ahlstrom is a global leader in the development, manufacture and marketing of high performance nonwovens and specialty papers. Ahlstrom´s products are used in a large variety of everyday applications, such as filters, wipes, flooring, labels, and tapes. Based upon its unique fiber expertise and innovative approach, the company has a strong market position in several business areas in which it operates. Ahlstrom's 5,800 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2009, Ahlstrom's net sales amounted to EUR 1.6 billion. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. The company website is at www.ahlstrom.com.