Provider of innovative fibre-based materials with a function in everyday life, Ahlstrom has reported that their net sales reached Euro 279.4 million in second quarter 2016 as against Euro 281.1 million in the corresponding quarter last year. However, the company release mentions that its sales grew by 2.8 per cent in the reporting quarter on constant currency rates.
In the period under review, operating profit of Ahlstrom’s totalled Euro 23.3 million. Adjusted operating profit was Euro 24.5 million as against Euro 16.8 million in the corresponding period last year. Profit before taxes stood at Euro 19.6 million in the reporting period.
Content with the results, Marco Levi, President & CEO of Ahlstrom commented, “April-June 2016 proved out to be a strong quarter with sales growth of 2.8 per cent at constant currency rates. Successful execution of our strategies roadmap through better commercial excellence and a new lean operating model will improve margins and lower costs. Sales growth at constant currency rates was the most encouraging factor in this quarter.”
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Ahlstrom reiterates the outlook for full year 2016 where it expects its net sales from continuing operations to reach in the range of Euro 1,040-1,140 million. The adjusted operating profit from continuing operations is expected to be 5.4-6.4 per cent of net sales.
