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Provider: Reuters Investment Profile
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Ahlstrom Oyj Lowers FY 2012 Guidance


Tuesday, 27 Nov 2012 07:51am EST 

Ahlstrom Oyj announced that it has decided to adjust its outlook to reflect the resolution by the Extraordinary General Meeting (EGM) to approve the demerger of the Label and Processing business area. Ahlstrom now expects net sales (revenue) from continuing operations to be between EUR 960 million and EUR 1,040 million, and operating profit excluding non-recurring items from continuing operations to be between EUR 22 million and EUR 32 million in the fiscal year 2012. Ahlstrom had previously estimated, including the Label and Processing business area, net sales to be between EUR 1,550 million and EUR 1,630 million, and operating profit excluding non-recurring items to be between EUR 48 million and EUR 58 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenue of EUR 1,595.94 million and EBIT of EUR 47.76 million for the fiscal year 2012. 

Company Quote

7.75
0.02 +0.26%
11:30am EDT