Ahlstrom Oyj (AHL1V.HE) Key Developments | Reuters.com
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Ahlstrom Oyj (AHL1V.HE)

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Latest Key Developments (Source: Significant Developments)

German authority opens 2nd phase investigation into Ahlstrom Oyj divestment of glassfiber business
Friday, 8 Apr 2016 09:56am EDT 

Ahlstrom Oyj:Says German competition authority opens second phase investigation into planned divestment of Ahlstrom's glassfiber business.Says Ahlstrom and Owens Corning will continue to work closely with German authority in order to allow it to complete its review as quickly as possible, aiming at completion of divestment during H1 2016.Says it is possible that completion of planned transaction will not take place until H2 2016.  Full Article

Ahlstrom appoints Hans Sohlstrom as chairman
Tuesday, 5 Apr 2016 09:55am EDT 

Ahlstrom Oyj:Appoints Hans Sohlstrom as chairman.  Full Article

Ahlstrom Oyj proposes dividend for FY 2015, provides outlook for FY 2016
Friday, 29 Jan 2016 01:30am EST 

Ahlstrom Oyj:‍Proposes to AGM that dividend totaling 0.31 euro per share is paid for FY 2015.‍Expects net sales from continuing operations in 2016 to be between 950 million-1050 million euros.2016 ‍adjusted operating profit from continuing operations is expected to be 4.2 pct-5.2 pct of net sales​.  Full Article

Ahlstrom Oyj announces new long-term financial targets
Friday, 29 Jan 2016 01:15am EST 

Ahlstrom Oyj:Announces a new target of ‍adjusted operating profit margin to be above 8 pct by 2018.Says ‍aims for a stable dividend, increasing over time​.  Full Article

Ahlstrom sells its glassfiber business to Owens Corning
Thursday, 21 Jan 2016 02:56am EST 

Ahlstrom Oyj:Has signed an agreement to divest its Building & Wind business unit to Owens Corning.‍Initial debt and cash free purchase price, which is subject to EBITDA adjustment, is 73 million euros.Unit to be divested was part of building and energy business area until end of 2015.‍Expects to book a capital gain of about 25 million euros following completion of transaction.‍Gain will not have an impact on Ahlstrom's operating profit excluding non-recurring items​.‍Transaction is expected to be completed during H1 2016​.  Full Article

Ahlstrom invests in Binzhou production line in China
Tuesday, 8 Dec 2015 02:45am EST 

Ahlstrom Oyj:Makes investment to increase flexibility of its Binzhou production line in China.Annual capacity of line will be about 20,000 metric tons of wallcovering or filtration products and re-engineering work is expected to be completed by April 2016.Two lines in Binzhou will be part of Filtration & Performance business area from beginning of 2016.  Full Article

Ahlstrom changes business structure
Thursday, 19 Nov 2015 05:45am EST 

Ahlstrom Oyj:Says further simplifies its business structure to increase market and customer focus, announces changes in the executive management team.New structure will be effective as of Jan. 1, 2016.Business structure will be organized into two business areas: Filtration & Performance and Specialties Filtration & Performance to be led by Fulvio Capussotti, Specialties to be led by Omar Hoek.  Full Article

Ahlstrom comments on FY 2015 outlook
Wednesday, 28 Oct 2015 09:50am EDT 

Ahlstrom Oyj:Revises its outlook for net sales and operating profit margin excluding non-recurring items in FY 2015.New outlook: net sales in FY 2015 of 1.05 billion - 1.10 billion euros, operating profit margin ex. items of 3.85 percent - 4.5 percent of net sales.Previous guidance: net sales in FY 2015 of 1.03 billion - 1.13 billion, operating profit margin excluding non-recurring of 3.85 percent - 4.5 percent of net sales.FY 2015 revenue 1,100 million euros, EBIT margin 4.2 pct - Thomson Reuters I/B/E/S.  Full Article

Ahlstrom sells Munksjö shares worth EUR 10 million
Wednesday, 23 Sep 2015 09:54am EDT 

Ahlstrom Oyj:Ahlstrom, a global high performance fiber-based materials company, has sold 1,300,981 shares in Munksjö Oyj for approximately 10 million euros ($11.18 million).Ahlstrom will book a capital gain of approximately 3.2 million euros from the Ahlstrom in its third-quarter 2015 results.According to Ahlstrom's knowledge 902,000 shares valued at approximately 6.9 million euros were sold to AC Invest Five B.V.The entity is Ahlstrom Corporation's related party.Following the sale of shares, Ahlstrom's shareholding in Munksjö has been reduced to zero pct.  Full Article

Ahlstrom comments on FY 2015 outlook
Thursday, 6 Aug 2015 01:40am EDT 

Ahlstrom Oyj:Revises its outlook for net sales and operating profit margin excluding non-recurring items in FY 2015.Sees net sales in FY 2015 to be in range of 1,025-1,125 million euros.Previously saw net sales in FY 2015 to be in the range of 1.00-1.10 billion euros.Operating profit margin excluding non-recurring items is expected to be 3.85-4.5% of net sales in FY 2015.Previously expected operating profit margin excluding non-recurring items to be 3.5-5% of net sales.FY 2015 revenue 1,073 million euros, EBIT margin 4.4 pct - Thomson Reuters I/B/E/S.  Full Article