Ahlstrom's full-year operating profit estimated at Euro 40 million
Jan 07, 2009. /Lesprom.com/. Ahlstrom's full year operating profit for 2008 will be approximately Euro 40 million, compared to 68 million in 2007, excluding non-recurring items.
Jan 07, 2009. /Lesprom.com/. Ahlstrom's full year operating profit for 2008 will be approximately Euro 40 million, compared to 68 million in 2007, excluding non-recurring items, the company said in a statement received by Lesprom Network. Including the latest announced restructuring measures and write-downs, the operating profit will be approximately Euro 17 million.
Ahlstrom earlier estimated its full-year operating profit to be almost at the level of 2007, but in the middle of October, Ahlstrom revised its full-year outlook for 2008 due to the weakening demand for some of its products. The operating profit, excluding non-recurring items, is expected to be clearly lower than in 2007, Ahlstrom said in a press release last October.
Now Ahlstrom specifies that the operating profit is expected to be Euro 40 million. Ahlstrom's net sales in 2008 are estimated to be approximately Euro 1,800 million (Euro 1,761 million in 2007).