Ahlstrom publishes restated historical financial figures excluding Label and Processing

2013-01-28 08:20:43 -

Ahlstrom Corporation STOCK EXCHANGE RELEASE January 28, 2012 at 09.00

Ahlstrom, a global high performance fiber-based materials company, publishes
historical restated financial figures for continuing operations for 2011 and
January-September 2012.

On November 27, 2012, the Extraordinary General Meeting of the company approved
the demerger of the Label and Processing ("LP") business in Europe and the
Coated Specialties business in Brazil. Consequently, the business is classified
as an asset held for distribution to owners and reported separately as
discontinued operations.

The historical restated financial figures from continuing operations are
enclosed as a PDF attachment. Key figures are presented in the table below.

Income Statement 2011 2011 2012 2012 2012 2012

EUR million Q4 Jan.-Dec. Q1 Q2 Q3 Jan.-Sept.
Continuing operations:

NET SALES 242.8 1025.8 260.3 261.6 248.8 770.8

Cost of goods sold -212.7 -896.6 -219.4 -225.6 -210.1 -655.1

Gross profit 30.1 129.2 40.9 36.0 38.8 115.7

Operating profit/loss -3.4 2.1 9.9 3.2 5.5 18.6

Operating profit/loss % -1.4% 0.2% 3.8% 1.2% 2.2% 2.4%

Operating profit/loss excl. NRI 0.5 29.6 9,8 6.6 6.6 22.9

Operating profit/loss % excl.
NRI  0.2% 2.9% 3.8% 2.5% 2.6% 3.0%

Net financial expenses -4.5 -20.4 -4.1 -4.7 -4.7 -13.6

Share of profit/loss of equity
accounted investments -1.6 -4.0 0.0 -1.7 -0.8 -2.5

Profit/loss before taxes -9.5 -22.3 5.8 -3.2 0.0 2.5

Income taxes 3.7 0.2 -1.9 2.9 -5.5 1.6

Profit/loss for the period from
continuing operations -5.8 -22.1 3.8 -3.7 -6.2 -6.1

ROCE % continued operations -2.6% 0.0% 5.1% 0.8% 2.6% 2.9%

EPS (Incl. Discontinuing) -0.34 -0.81 0.14 -0.05 -0.14 -0.04

The 2011 and 2012 continuing operations are presented excluding both the Label
and Processing ("LP") and the Home and Personal ("HP") businesses. The
of the HP business was divested to Suominen Oyj in 2011.

Continuing operations are presented in a manner that represents the business and
operational organization as well as the revenue and cost structure of the
company following the planned transaction with Munksjö (demergers of LP Europe
and Coated Specialties). The cost structure between continuing and discontinuing
operations has been adjusted with costs that will remain with Ahlstrom after the
demergers, but have historically been allocated to the LP Europe and Coated
Specialties businesses. Also, net financial expenses are mainly born by the
continuing business.

On November 19, 2012, Ahlstrom announced that following the planned transaction,
the company would rightsize its cost base and target to achieve a total of EUR
15 million in cost savings within one year of the closing date of the

The presented figures are unaudited. The historical figures differ to some
extent from the pro forma figures published on November 19, 2012. The pro forma
figures included certain pro forma adjustments that will only be materialized at
the time or after the closing of the transaction, affecting also certain changes
in intercompany eliminations.

For more information, please contact:
Seppo Parvi
Tel: +358 10 888 4768

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. Our products are
used in a large variety of everyday applications, such as filters, medical gowns
and drapes, wallcoverings, flooring, labels and food packaging. We have a
leading market position in the businesses in which we operate. Our 5,200
employees serve customers in 28 countries on six continents. In 2011, Ahlstrom's
pro forma net sales amounted to EUR 1 billion. The company's share is quoted on
the NASDAQ OMX Helsinki. More information is available at

Historical financial figures:

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