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Ahlstrom Oyj Announces Segment Reorganization and Adoption of Revised IAS 19 Employee Benefits Standard


Tuesday, 23 Apr 2013 02:00am EDT 

Ahlstrom Oyj announced that it has made changes to its financial segment reporting as of January 1, 2013 as the former Filtration business area was divided into two separate segments: Advanced Filtration and Transportation Filtration. In addition, a new reporting segment called Trading and new business, has been added. The segment includes trading sales of wipes materials to Suominen Corporation and release papers from the Osnabrueck plant as well as Porous Power Technologies. These operations were previously reported as part of the Building and Energy and Label and Processing segments. In addition, as of January 1, 2013, Ahlstrom has adopted the revised IAS 19 Employee Benefits standard. The operating profit from continuing operations in 2012 is increased by EUR 3.1 million as the net interest costs related to employee benefits are reported in financial items. The operating profit impact is positive for all the segments. As of January 1, 2013, Ahlstrom's five reporting segments are: Advanced Filtration, Building and Building, Food and Medical, Transportation Filtration, and Trading and new business. 

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