Finland-based Ahlstrom that provides innovative fibre-based materials with a function in everyday life, recently released their interim report for the period January-September 2016.
In January-September 2016, operating profit was Euro 62.9 million as compared to Euro 38.2 million). Net cash flow in the period from operating activities stood at Euro 98.9 million as against Euro 36.7 million. Profit before taxes totalled Euro 51.4 million versus Euro 43.2 million. Net sales for January-September period this year was Euro 819.8 million.
As per the report, net sales of the company particularly in the July-September period stood at Euro 273.2 million up from the net sales of Euro 266.9 million, marking growth of around 3.7 per cent. Net cash flow in the period from operating activities stood at Euro 35.6 million as against Euro 24.2 million. Profit before taxes totalled Euro 25.1 million versus Euro 8.5 million.
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Commenting on the results, Marco Levi, President and CEO of the company averred, “July-September 2016 was an excellent quarter for us, with very strong performance from our organization. We achieved 3.7 per cent sales growth at constant currency rates and profitability reached yet another record in the current structure of the company. This was also the 12th consecutive improvement in quarterly operating profit.”
