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Ahlstrom Oyj Restates Historical Financial Figures Excluding Label and Processing


Monday, 28 Jan 2013 02:03am EST 

Ahlstrom Oyj announced that it has published 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 2011 and 2012 continuing operations are presented excluding both LP and Home and Personal (HP) businesses. The majority 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 Munksjo (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. 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. 

Company Quote

7.75
0.05 +0.65%
10:13am EDT