Ahlstrom to focus on the food and medical applications based on new business area structure

Ahlstrom’s restated segment information for 2013 based on new business area structure

Helsinki, Finland, 2-4-2014 — /EuropaWire/ — Ahlstrom, a global high performance fiber-based materials company, made changes to its financial segment reporting as of January 1, 2014 as the former Food and Medical business area was divided into two separate segments: Food business area and Medical business area.

With this change, Ahlstrom aims to strengthen its focus on the food and medical applications and to address the growth and profitability issues in these businesses.

Ahlstrom’s business areas as of January 1, 2014 have been the following:

  • Advanced Filtration: A global leader in life science and laboratory filtration materials.
  • Building and Energy: One of the leading players globally for materials used in wallcoverings, floorings and windmill blades.
  • Food: One of the leading players globally for materials used in food and beverage packaging and masking tape.
  • Medical: One of the leading players globally for materials used in medical fabrics.
  • Transportation Filtration: The global leader in transportation filtration materials.

In addition to Trading and New Business, these five business areas form Ahlstrom’s financial reporting segments.

Ahlstrom’s financial reporting will be aligned with this change starting from the January-March 2014 interim report, to be published on April 29, 2014. The restated segment figures for 2013 are presented in the tables below and in the attached file. Group-wide figures are unchanged. Restatements for earlier periods have not been made.

AHLSTROM CORPORATION
SEGMENT INFORMATION, YEAR-TO-DATEQ1Q1-Q2Q1-Q3Q1-Q4
EUR million2013201320132013
Advanced Filtration24.350.574.797.9
Building and Energy73.4144.4212.0275.7
Food60.1123.8181.9243.7
Medical36.574.9109.5142.9
Transportation Filtration74.6155.6233.3306.8
Trading and New Business10.425.143.861.3
Other operations21.642.961.378.7
Internal sales-45.6-97.0-145.1-192.2
Total net sales255.3520.3771.41 014.8
Advanced Filtration2.65.57.59.8
Building and Energy2.28.117.926.5
Food5.811.515.822.1
Medical12.626.538.050.0
Transportation Filtration5.211.818.122.9
Trading and New Business2.75.68.010.0
Other operations14.628.139.750.8
Total internal sales45.697.0145.1192.2
Advanced Filtration3.26.810.212.8
Building and Energy2.54.03.61.3
Food0.01.21.52.1
Medical0.00.3-1.3-3.1
Transportation Filtration4.18.712.314.1
Trading and New Business-0.8-1.5-2.5-3.1
Other operations-0.6-4.8-7.4-13.3
Eliminations0.0-0.0-0.1-0.0
Operating profit / loss8.314.716.310.7
Advanced Filtration3.26.810.212.8
Building and Energy2.54.13.62.7
Food0.82.22.54.2
Medical0.00.3-1.3-3.1
Transportation Filtration4.18.712.314.4
Trading and New Business-0.8-1.5-2.5-3.1
Other operations-3.3-6.2-8.8-14.5
Eliminations0.0-0.0-0.1-0.0
Operating profit / loss excluding non-recurring items6.514.415.913.4
Return on capital employed (RONA), %
Advanced Filtration25.827.928.327.3
Building and Energy11.69.15.41.5
Food0.12.42.12.2
Medical0.00.8-2.1-3.8
Transportation Filtration10.811.911.09.7
Trading and New Business-12.7-11.2-11.6-11.4
Group (ROCE), %5.13.22.30.9
Advanced Filtration49.649.247.345.0
Building and Energy89.798.098.189.3
Food99.496.288.488.2
Medical91.985.977.973.0
Transportation Filtration160.6147.1153.4145.3
Trading and New Business26.328.431.427.5
Other operations-54.7-88.5-17.8-3.0
Eliminations-0.2-0.2-0.2-0.2
Total net assets, eop462.6416.1478.4465.0
Advanced Filtration0.30.51.11.9
Building and Energy5.320.630.644.8
Food0.20.71.63.6
Medical0.20.81.01.4
Transportation Filtration4.78.313.819.2
Trading and New Business0.00.10.20.6
Other operations0.81.21.74.5
Total capital expenditure11.532.250.076.1
Advanced Filtration-0.8-1.6-2.3-3.0
Building and Energy-3.1-6.2-9.1-11.8
Food-2.3-4.7-7.2-9.6
Medical-2.4-4.7-7.0-9.2
Transportation Filtration-3.4-6.9-10.3-14.0
Trading and New Business-0.3-0.6-0.9-1.2
Other operations-0.7-1.3-1.9-2.6
Total depreciation and amortization-12.9-26.0-38.7-51.3
Advanced Filtration
Building and Energy-1.2
Food-1.2
Medical
Transportation Filtration
Trading and New Business
Other operations-0.1-0.2-0.2
Total impairment charges-0.1-0.2-2.6
Advanced Filtration
Building and Energy-0.0-0.0-1.4
Food-0.8-1.0-1.0-2.1
Medical
Transportation Filtration-0.2
Trading and New Business
Other operations2.71.41.41.1
Total non-recurring items1.90.40.4-2.7
Advanced Filtration4.08.312.216.1
Building and Energy39.277.2112.7145.5
Food22.145.667.091.3
Medical10.020.530.040.0
Transportation Filtration26.755.583.5110.1
Trading and New Business3.511.223.534.9
Other operations1.63.55.37.1
Eliminations-9.9-24.6-42.6-60.1
Total sales tons, thousands of tons97.3197.1291.6384.9
Segment information is presented according to the IFRS standards.
AHLSTROM CORPORATION
SEGMENT INFORMATION, QUARTERLYQ1Q2Q3Q4
EUR million2013201320132013
Advanced Filtration24.326.224.223.2
Building and Energy73.471.067.563.8
Food60.163.758.161.8
Medical36.538.534.633.3
Transportation Filtration74.681.077.773.4
Trading and New Business10.414.718.617.5
Other operations21.621.218.517.4
Internal sales-45.6-51.4-48.2-47.1
Total net sales255.3265.0251.1243.4
Advanced Filtration2.62.92.02.3
Building and Energy2.25.99.98.6
Food5.85.74.36.3
Medical12.613.911.612.0
Transportation Filtration5.26.66.34.8
Trading and New Business2.72.92.42.1
Other operations14.613.411.711.1
Total internal sales45.651.448.247.1
Advanced Filtration3.23.73.32.6
Building and Energy2.51.6-0.4-2.3
Food0.01.20.30.6
Medical0.00.3-1.6-1.8
Transportation Filtration4.14.63.61.9
Trading and New Business-0.8-0.7-1.0-0.6
Other operations-0.6-4.2-2.6-5.9
Eliminations0.0-0.0-0.00.0
Operating profit / loss8.36.41.5-5.5
Advanced Filtration3.23.73.32.6
Building and Energy2.51.6-0.4-0.9
Food0.81.40.31.7
Medical0.00.3-1.6-1.8
Transportation Filtration4.14.63.62.1
Trading and New Business-0.8-0.7-1.0-0.6
Other operations-3.3-2.9-2.6-5.6
Eliminations0.0-0.0-0.00.0
Operating profit / loss excluding non-recurring items6.57.91.5-2.5
Return on capital employed (RONA), %
Advanced Filtration25.829.627.622.7
Building and Energy11.66.7-1.8-9.9
Food0.14.71.42.7
Medical0.01.5-8.0-9.8
Transportation Filtration10.811.99.55.0
Trading and New Business-12.7-10.2-13.0-7.6
Group (ROCE), %5.11.00.7-3.5
Advanced Filtration49.649.247.345.0
Building and Energy89.798.098.189.3
Food99.496.288.488.2
Medical91.985.977.973.0
Transportation Filtration160.6147.1153.4145.3
Trading and New Business26.328.431.427.5
Other operations-54.7-88.5-17.8-3.0
Eliminations-0.2-0.2-0.2-0.2
Total net assets462.6416.1478.4465.0
Advanced Filtration0.30.30.60.8
Building and Energy5.315.310.014.3
Food0.20.50.92.0
Medical0.20.60.20.4
Transportation Filtration4.73.55.55.4
Trading and New Business0.00.10.10.4
Other operations0.80.40.52.8
Total capital expenditure11.520.717.826.1
Advanced Filtration-0.8-0.7-0.7-0.7
Building and Energy-3.1-3.1-2.9-2.7
Food-2.3-2.4-2.5-2.4
Medical-2.4-2.4-2.2-2.2
Transportation Filtration-3.4-3.5-3.5-3.7
Trading and New Business-0.3-0.3-0.3-0.3
Other operations-0.7-0.7-0.6-0.6
Total depreciation and amortization-12.9-13.0-12.8-12.6
Advanced Filtration
Building and Energy-1.2
Food-1.2
Medical
Transportation Filtration
Trading and New Business
Other operations-0.1-0.1-0.0
Total impairment charges-0.1-0.1-2.4
Advanced Filtration
Building and Energy-0.0-1.4
Food-0.8-0.20.0-1.1
Medical
Transportation Filtration-0.2
Trading and New Business
Other operations2.7-1.30.0-0.3
Total non-recurring items1.9-1.50.0-3.0
Advanced Filtration4.04.33.93.9
Building and Energy39.237.935.532.8
Food22.123.521.324.3
Medical10.010.69.410.0
Transportation Filtration26.728.828.126.5
Trading and New Business3.57.612.311.5
Other operations1.61.91.81.8
Eliminations-9.9-14.7-18.0-17.5
Total sales tons, thousands of tons97.399.994.493.3
Segment information is presented according to the IFRS standards.

For more information, please contact:
Liisa Nyyssönen
Vice President, Communications
Tel. +358 10 888 4757

Ahlstrom in brief 
Ahlstrom is a high performance fiber-based materials company, partnering with leading businesses around the world to help them stay ahead. We aim to grow with a product offering for clean and healthy environment. Our materials are used in everyday applications such as filters, medical fabrics, life science and diagnostics, wallcoverings and food packaging. In 2013, Ahlstrom’s net sales from the continuing operations amounted to EUR 1 billion. Our 3,500 employees serve customers in 24 countries. Ahlstrom’s share is quoted on the NASDAQ OMX Helsinki. More information available at www.ahlstrom.com.

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