Ahlstrom Corporation STOCK EXCHANGE RELEASE April 1, 2014 at 09.00
Ahlstrom's restated segment information for 2013 based on new business area
structure
Ahlstrom, a global high performance fiber-based materials company, made changes
to its financial segment reporting as of January 1, 2014 as the former Food and
Medical business area was divided into two separate segments: Food business area
and Medical business area.
With this change, Ahlstrom aims to strengthen its focus on the food and medical
applications and to address the growth and profitability issues in these
businesses.
Ahlstrom's business areas as of January 1, 2014 have been the following:
* Advanced Filtration: A global leader in life science and laboratory
filtration materials.
* Building and Energy: One of the leading players globally for materials used
in wallcoverings, floorings and windmill blades.
* Food: One of the leading players globally for materials used in food and
beverage packaging and masking tape.
* Medical: One of the leading players globally for materials used in medical
fabrics.
* Transportation Filtration: The global leader in transportation filtration
materials.
In addition to Trading and New Business, these five business areas form
Ahlstrom's financial reporting segments.
Ahlstrom's financial reporting will be aligned with this change starting from
the January-March 2014 interim report, to be published on April 29, 2014. The
restated segment figures for 2013 are presented in the tables below and in the
attached file. Group-wide figures are unchanged. Restatements for earlier
periods have not been made.
AHLSTROM CORPORATION
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SEGMENT INFORMATION, YEAR-TO-DATE Q1 Q1-Q2 Q1-Q3 Q1-Q4
EUR million 2013 2013 2013 2013
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Advanced Filtration 24.3 50.5 74.7 97.9
Building and Energy 73.4 144.4 212.0 275.7
Food 60.1 123.8 181.9 243.7
Medical 36.5 74.9 109.5 142.9
Transportation Filtration 74.6 155.6 233.3 306.8
Trading and New Business 10.4 25.1 43.8 61.3
Other operations 21.6 42.9 61.3 78.7
Internal sales -45.6 -97.0 -145.1 -192.2
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Total net sales 255.3 520.3 771.4 1 014.8
Advanced Filtration 2.6 5.5 7.5 9.8
Building and Energy 2.2 8.1 17.9 26.5
Food 5.8 11.5 15.8 22.1
Medical 12.6 26.5 38.0 50.0
Transportation Filtration 5.2 11.8 18.1 22.9
Trading and New Business 2.7 5.6 8.0 10.0
Other operations 14.6 28.1 39.7 50.8
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Total internal sales 45.6 97.0 145.1 192.2
Advanced Filtration 3.2 6.8 10.2 12.8
Building and Energy 2.5 4.0 3.6 1.3
Food 0.0 1.2 1.5 2.1
Medical 0.0 0.3 -1.3 -3.1
Transportation Filtration 4.1 8.7 12.3 14.1
Trading and New Business -0.8 -1.5 -2.5 -3.1
Other operations -0.6 -4.8 -7.4 -13.3
Eliminations 0.0 -0.0 -0.1 -0.0
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Operating profit / loss 8.3 14.7 16.3 10.7
Advanced Filtration 3.2 6.8 10.2 12.8
Building and Energy 2.5 4.1 3.6 2.7
Food 0.8 2.2 2.5 4.2
Medical 0.0 0.3 -1.3 -3.1
Transportation Filtration 4.1 8.7 12.3 14.4
Trading and New Business -0.8 -1.5 -2.5 -3.1
Other operations -3.3 -6.2 -8.8 -14.5
Eliminations 0.0 -0.0 -0.1 -0.0
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Operating profit / loss excluding non-recurring 6.5 14.4 15.9 13.4
items
Return on capital employed (RONA), %
Advanced Filtration 25.8 27.9 28.3 27.3
Building and Energy 11.6 9.1 5.4 1.5
Food 0.1 2.4 2.1 2.2
Medical 0.0 0.8 -2.1 -3.8
Transportation Filtration 10.8 11.9 11.0 9.7
Trading and New Business -12.7 -11.2 -11.6 -11.4
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Group (ROCE), % 5.1 3.2 2.3 0.9
Advanced Filtration 49.6 49.2 47.3 45.0
Building and Energy 89.7 98.0 98.1 89.3
Food 99.4 96.2 88.4 88.2
Medical 91.9 85.9 77.9 73.0
Transportation Filtration 160.6 147.1 153.4 145.3
Trading and New Business 26.3 28.4 31.4 27.5
Other operations -54.7 -88.5 -17.8 -3.0
Eliminations -0.2 -0.2 -0.2 -0.2
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Total net assets, eop 462.6 416.1 478.4 465.0
Advanced Filtration 0.3 0.5 1.1 1.9
Building and Energy 5.3 20.6 30.6 44.8
Food 0.2 0.7 1.6 3.6
Medical 0.2 0.8 1.0 1.4
Transportation Filtration 4.7 8.3 13.8 19.2
Trading and New Business 0.0 0.1 0.2 0.6
Other operations 0.8 1.2 1.7 4.5
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Total capital expenditure 11.5 32.2 50.0 76.1
Advanced Filtration -0.8 -1.6 -2.3 -3.0
Building and Energy -3.1 -6.2 -9.1 -11.8
Food -2.3 -4.7 -7.2 -9.6
Medical -2.4 -4.7 -7.0 -9.2
Transportation Filtration -3.4 -6.9 -10.3 -14.0
Trading and New Business -0.3 -0.6 -0.9 -1.2
Other operations -0.7 -1.3 -1.9 -2.6
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Total depreciation and amortization -12.9 -26.0 -38.7 -51.3
Advanced Filtration - - - -
Building and Energy - - - -1.2
Food - - - -1.2
Medical - - - -
Transportation Filtration - - - -
Trading and New Business - - - -
Other operations - -0.1 -0.2 -0.2
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Total impairment charges - -0.1 -0.2 -2.6
Advanced Filtration - - - -
Building and Energy - -0.0 -0.0 -1.4
Food -0.8 -1.0 -1.0 -2.1
Medical - - - -
Transportation Filtration - - - -0.2
Trading and New Business - - - -
Other operations 2.7 1.4 1.4 1.1
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Total non-recurring items 1.9 0.4 0.4 -2.7
Advanced Filtration 4.0 8.3 12.2 16.1
Building and Energy 39.2 77.2 112.7 145.5
Food 22.1 45.6 67.0 91.3
Medical 10.0 20.5 30.0 40.0
Transportation Filtration 26.7 55.5 83.5 110.1
Trading and New Business 3.5 11.2 23.5 34.9
Other operations 1.6 3.5 5.3 7.1
Eliminations -9.9 -24.6 -42.6 -60.1
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Total sales tons, thousands of tons 97.3 197.1 291.6 384.9
Segment information is presented according to the IFRS standards.
AHLSTROM CORPORATION
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SEGMENT INFORMATION, QUARTERLY Q1 Q2 Q3 Q4
EUR million 2013 2013 2013 2013
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Advanced Filtration 24.3 26.2 24.2 23.2
Building and Energy 73.4 71.0 67.5 63.8
Food 60.1 63.7 58.1 61.8
Medical 36.5 38.5 34.6 33.3
Transportation Filtration 74.6 81.0 77.7 73.4
Trading and New Business 10.4 14.7 18.6 17.5
Other operations 21.6 21.2 18.5 17.4
Internal sales -45.6 -51.4 -48.2 -47.1
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Total net sales 255.3 265.0 251.1 243.4
Advanced Filtration 2.6 2.9 2.0 2.3
Building and Energy 2.2 5.9 9.9 8.6
Food 5.8 5.7 4.3 6.3
Medical 12.6 13.9 11.6 12.0
Transportation Filtration 5.2 6.6 6.3 4.8
Trading and New Business 2.7 2.9 2.4 2.1
Other operations 14.6 13.4 11.7 11.1
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Total internal sales 45.6 51.4 48.2 47.1
Advanced Filtration 3.2 3.7 3.3 2.6
Building and Energy 2.5 1.6 -0.4 -2.3
Food 0.0 1.2 0.3 0.6
Medical 0.0 0.3 -1.6 -1.8
Transportation Filtration 4.1 4.6 3.6 1.9
Trading and New Business -0.8 -0.7 -1.0 -0.6
Other operations -0.6 -4.2 -2.6 -5.9
Eliminations 0.0 -0.0 -0.0 0.0
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Operating profit / loss 8.3 6.4 1.5 -5.5
Advanced Filtration 3.2 3.7 3.3 2.6
Building and Energy 2.5 1.6 -0.4 -0.9
Food 0.8 1.4 0.3 1.7
Medical 0.0 0.3 -1.6 -1.8
Transportation Filtration 4.1 4.6 3.6 2.1
Trading and New Business -0.8 -0.7 -1.0 -0.6
Other operations -3.3 -2.9 -2.6 -5.6
Eliminations 0.0 -0.0 -0.0 0.0
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Operating profit / loss excluding non-recurring 6.5 7.9 1.5 -2.5
items
Return on capital employed (RONA), %
Advanced Filtration 25.8 29.6 27.6 22.7
Building and Energy 11.6 6.7 -1.8 -9.9
Food 0.1 4.7 1.4 2.7
Medical 0.0 1.5 -8.0 -9.8
Transportation Filtration 10.8 11.9 9.5 5.0
Trading and New Business -12.7 -10.2 -13.0 -7.6
Group (ROCE), % 5.1 1.0 0.7 -3.5
Advanced Filtration 49.6 49.2 47.3 45.0
Building and Energy 89.7 98.0 98.1 89.3
Food 99.4 96.2 88.4 88.2
Medical 91.9 85.9 77.9 73.0
Transportation Filtration 160.6 147.1 153.4 145.3
Trading and New Business 26.3 28.4 31.4 27.5
Other operations -54.7 -88.5 -17.8 -3.0
Eliminations -0.2 -0.2 -0.2 -0.2
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Total net assets 462.6 416.1 478.4 465.0
Advanced Filtration 0.3 0.3 0.6 0.8
Building and Energy 5.3 15.3 10.0 14.3
Food 0.2 0.5 0.9 2.0
Medical 0.2 0.6 0.2 0.4
Transportation Filtration 4.7 3.5 5.5 5.4
Trading and New Business 0.0 0.1 0.1 0.4
Other operations 0.8 0.4 0.5 2.8
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Total capital expenditure 11.5 20.7 17.8 26.1
Advanced Filtration -0.8 -0.7 -0.7 -0.7
Building and Energy -3.1 -3.1 -2.9 -2.7
Food -2.3 -2.4 -2.5 -2.4
Medical -2.4 -2.4 -2.2 -2.2
Transportation Filtration -3.4 -3.5 -3.5 -3.7
Trading and New Business -0.3 -0.3 -0.3 -0.3
Other operations -0.7 -0.7 -0.6 -0.6
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Total depreciation and amortization -12.9 -13.0 -12.8 -12.6
Advanced Filtration - - - -
Building and Energy - - - -1.2
Food - - - -1.2
Medical - - - -
Transportation Filtration - - - -
Trading and New Business - - - -
Other operations - -0.1 -0.1 -0.0
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Total impairment charges - -0.1 -0.1 -2.4
Advanced Filtration - - - -
Building and Energy - -0.0 - -1.4
Food -0.8 -0.2 0.0 -1.1
Medical - - - -
Transportation Filtration - - - -0.2
Trading and New Business - - - -
Other operations 2.7 -1.3 0.0 -0.3
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Total non-recurring items 1.9 -1.5 0.0 -3.0
Advanced Filtration 4.0 4.3 3.9 3.9
Building and Energy 39.2 37.9 35.5 32.8
Food 22.1 23.5 21.3 24.3
Medical 10.0 10.6 9.4 10.0
Transportation Filtration 26.7 28.8 28.1 26.5
Trading and New Business 3.5 7.6 12.3 11.5
Other operations 1.6 1.9 1.8 1.8
Eliminations -9.9 -14.7 -18.0 -17.5
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Total sales tons, thousands of tons 97.3 99.9 94.4 93.3
Segment information is presented according to the IFRS standards.
For more information, please contact:
Liisa Nyyssönen
Vice President, Communications
Tel. +358 10 888 4757
Ahlstrom in brief
Ahlstrom is a high performance fiber-based materials company, partnering with
leading businesses around the world to help them stay ahead. We aim to grow with
a product offering for clean and healthy environment. Our materials are used in
everyday applications such as filters, medical fabrics, life science and
diagnostics, wallcoverings and food packaging. In 2013, Ahlstrom's net sales
from the continuing operations amounted to EUR 1 billion. Our 3,500 employees
serve customers in 24 countries. Ahlstrom's share is quoted on the NASDAQ OMX
Helsinki. More information available at www.ahlstrom.com.
[HUG#1773228]
Ahlstrom's restated segment information for 2013 based on new business area structure
| Source: Ahlstrom
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