Net sales in October-December 2016 amounted to EUR 266.1 million, showing an increase of 4.4% from the EUR 255 million reported in the comparison period. Net sales in January-December 2016 totalled EUR 1,085.9 million, showing an increase of 1% from the EUR 1,074.7 million in the comparison period.

"In 2016, we achieved an all-time high profitability in the current structure of the company and our balance sheet is much stronger than before. During the latter part of the year we also demonstrated our ability to grow, something we have lacked in the past few years, and achieved remarkable growth in net sales of close to 5% at constant currency rates in the last quarter of the year,” commented Sakari Ahdekivi, Interim President and CEO.

Ahlstrom and Munksjö to combine

In November 2016, Ahlstrom Corporation and Munksjö Oyj announced a plan merge the two companies. “The planned merger with Munksjö Oyj is a major strategic milestone in the recent history of Ahlstrom. This combination will create a leader in innovative and sustainable fibre-based solutions,” said Sakari Ahdekivi.

“The deal will create substantial value to our stakeholders by offering further opportunities for growth and improved operational efficiency. A strong balance sheet and cash generation will support growth of the combined company. The focus will now be on completing the merger and the subsequent integration of the two companies.”

Ahlstrom

Ahlstrom is a high-performance fibre based materials company, partnering with leading businesses around the world. The company aims to grow with a product offering for clean and healthy environment.

Its materials are used in everyday applications such as filters, medical fabrics, life science and diagnostics, wall coverings and food packaging. The company’s 3,500 employees serve customers in 24 countries.

www.ahlstrom.com