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Ahlstrom Oyj (AHL1V.HE)

AHL1V.HE on Helsinki Stock Exchange

15.49EUR
2 Dec 2016
Change (% chg)

€0.02 (+0.13%)
Prev Close
€15.47
Open
€15.39
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€15.50
Day's Low
€15.30
Volume
9,383
Avg. Vol
79,089
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€15.79
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€6.75

Latest Key Developments (Source: Significant Developments)

Ahlstrom Q2 operating profit up at EUR 23.3 million
Wednesday, 3 Aug 2016 01:30am EDT 

Ahlstrom Oyj : Q2 net sales 279.4 million euros versus 281.1 million euros year ago . Q2 operating profit 23.3 million euros versus 15.7 million euros year ago . Reiterates outlook published on July 27, 2016 . Expects net sales in 2016 to be in range of 1.04 billion - 1.14 billion euros .2016 adjusted operating profit from continuing operations is expected to be 5.4 pct - 6.4 pct of net sales.  Full Article

Ahlstrom terminates divestment of Building & Wind business
Wednesday, 27 Jul 2016 01:54am EDT 

Ahlstrom Oyj : Ahlstrom and Owens Corning have terminated agreement regarding planned divestiture of Ahlstrom's Building & Wind business unit to Owens Corning . Cites challenges associated with obtaining regulatory clearance in Germany for transaction . Says performance of Building & Wind business unit has improved since negotiations were initiated and business is now contributing positively to profitability and cash flow .Says business will contribute to co's strategic goals of adjusted operating profit margin above 8 pct by 2018 and maintaining gearing below 100 pct.  Full Article

Ahlstrom raises 2016 outlook on profitability
Wednesday, 20 Jul 2016 02:05am EDT 

Ahlstrom Oyj : Says raises its outlook on profitability for 2016 . 2016 outlook for net sales remains unchanged . Sees net sales from continuing operations in 2016 to be in range of 950 million - 1.05 billion euros ($1.05 billion - $1.16 billion) . 2016 adjusted operating profit from continuing operations is expected to be 5.0 pct -6.0 pct of net sales .Previously expected adjusted operating profit from continuing operations to be 4.2 pct - 5.2 pct of net sales.  Full Article

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

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