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Provider: Reuters Investment Profile

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Ahlstrom Oyj Updates Long-Term Financial Targets

Thursday, 19 Sep 2013 02:15am EDT 

Ahlstrom Oyj announced that its Board of Directors has approved the Company's updated long-term financial targets over the economic cycle. The Company expects to report net sales of at least 5% underlying annual growth, net sales from new products [1] of at least 20%, operating profit [2] of 7% of net sales by 2016 and 10% of net sales beyond 2016. With the current balance sheet structure, this implies a return on capital employed of approximately 13% and approximately 15%, respectively. The Company expects gearing ratio to be maintained within the range of between 50% and 80%. 

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