Ahlstrom publishes restated segment information for 2014 based on new business area structure

Ahlstrom Corporation STOCK EXCHANGE RELEASE March 16, 2015 at 9.35

Ahlstrom publishes restated segment information for 2014 based on new business area structure

Ahlstrom, a high performance fiber-based materials company, simplified its organizational structure as of January 1, 2015. Following the change, the company's business areas are:

• Filtration: The global leader in transportation filtration materials and a supplier of air and liquid filtration media, with a leading market position in life science, laboratory and gas turbine filtration materials.
• Building and Energy: One of the leading players globally for materials used in wallcoverings, floorings, windmill blades and specialty nonwovens.
• Food and Medical: One of the leading players globally for materials used in beverage and food packaging, masking tape and medical gowns and drapes.

The aim of the change is to enable faster decision-making and execution as well as stronger accountability within business areas.

The former Advanced Filtration and Transportation Filtration business areas were combined into one Filtration business area. The former Food and Medical business areas were combined into one Food and Medical business area. In addition, the Trading and New Business segment has been incorporated into the Building and Energy business area.  

Ahlstrom's financial reporting will be aligned with this change starting from the January-March 2015 interim report, to be published on April 28, 2015. The restated segment figures for 2014 are presented in the tables below and in the attached file. Group figures remain unchanged. Restatements for earlier periods have not been made.

AHLSTROM CORPORATION
SEGMENT INFORMATION	Q1	Q1-Q2	Q1-Q3	Q1-Q4
EUR million	2014	2014	2014	2014
Building and Energy	76.9	150.7	220.2	288.2
Filtration	96.9	199.7	302.1	402.8
Food and Medical	77.5	155.7	237.6	320.9
Other operations	18.2	38.9	58.8	80.3
Internal sales	-20.3	-42.7	-64.6	-91.1
Total net sales	249.2	502.2	754.1	1001.1
Building and Energy	0.7	1.3	2.2	2.6
Filtration	2.4	4.6	6.8	12.6
Food and Medical	6.1	12.4	18.1	24.7
Other operations	11.1	24.5	37.4	51.3
Total internal sales	20.3	42.7	64.6	91.1
Building and Energy	0.4	2.4	-14.4	-22.0
Filtration	8.7	20.1	32.4	40.9
Food and Medical	0.4	-0.2	-1.6	-4.8
Other operations	-5.1	-8.4	-15.8	-17.8
Eliminations	0.1	0.1	-0.0	0.0
Operating profit / loss	4.4	14.0	0.6	-3.7
Building and Energy	0.2	2.0	-0.9	-8.3
Filtration	8.7	20.1	32.4	41.2
Food and Medical	0.5	2.2	6.0	6.4
Other operations	-2.2	-3.7	-7.1	-10.8
Eliminations	0.1	0.1	-0.0	0.0
Operating profit / loss excluding non-recurring items	7.2	20.6	30.4	28.6
Return on capital employed (RONA), %
Building and Energy	1.2	3.8	-16.3	-19.8
Filtration	17.9	20.7	21.6	20.8
Food and Medical	1.0	-0.2	-1.3	-3.0
Group (ROCE), %	3.4	4.4	0.2	-0.5
Building and Energy	127.5	133.2	119.1	105.2
Filtration	196.1	198.1	209.4	202.2
Food and Medical	161.3	164.2	168.2	162.6
Other operations	-27.4	-20.0	-24.4	-30.3
Eliminations	-0.1	-0.1	-0.2	-0.1
Total net assets, at the end of the reporting period	457.3	475.4	472.0	439.5
Building and Energy	4.7	10.1	13.7	18.5
Filtration	2.5	6.2	11.1	17.6
Food and Medical	0.5	1.2	2.3	6.3
Other operations	1.3	1.8	2.1	3.1
Total capital expenditure	9.0	19.3	29.2	45.4
Building and Energy	-2.6	-5.5	-11.5	-14.3
Filtration	-4.2	-8.6	-13.2	-17.9
Food and Medical	-4.3	-8.6	-18.4	-23.5
Other operations	-0.6	-1.2	-2.6	-2.7
Total depreciation and amortization	-11.7	-23.9	-45.6	-58.4
Building and Energy	-	-	-11.6	-11.9
Filtration	-	-	-	0.0
Food and Medical	-	-	-	0.0
Other operations	-	-	-	0.0
Total impairment charges	-	-	-11.6	-11.9
Building and Energy	0.2	0.4	-13.4	-13.7
Filtration	-	-	-	-0.4
Food and Medical	-0.1	-2.3	-7.6	-11.2
Other operations	-2.9	-4.7	-8.8	-7.0
Total non-recurring items	-2.8	-6.6	-29.8	-32.3
Building and Energy	38.9	76.4	111.6	146.0
Filtration	29.8	61.3	91.7	120.4
Food and Medical	27.8	56.1	84.4	112.6
Other operations	1.9	3.7	5.5	7.5
Eliminations	-2.8	-5.4	-8.1	-11.7
Total sales tons, thousands of tons	95.6	192.0	285.2	374.9
Segment information is presented according to the IFRS standards.

AHLSTROM CORPORATION
SEGMENT INFORMATION	Q1	Q2	Q3	Q4
EUR million	2014	2014	2014	2014
Building and Energy	76.9	73.8	69.5	68.0
Filtration	96.9	102.8	102.4	100.7
Food and Medical	77.5	78.1	82.0	83.3
Other operations	18.2	20.7	19.9	21.5
Internal sales	-20.3	-22.4	-21.8	-26.6
Total net sales	249.2	253.0	252.0	247.0
Building and Energy	0.7	0.6	1.0	0.3
Filtration	2.4	2.2	2.2	5.8
Food and Medical	6.1	6.2	5.7	6.6
Other operations	11.1	13.3	13.0	13.8
Total internal sales	20.3	22.4	21.8	26.6
Building and Energy	0.4	2.0	-16.8	-7.6
Filtration	8.7	11.5	12.3	8.5
Food and Medical	0.4	-0.5	-1.4	-3.2
Other operations	-5.1	-3.3	-7.4	-2.0
Eliminations	0.1	-0.0	-0.1	0.1
Operating profit / loss	4.4	9.6	-13.4	-4.3
Building and Energy	0.2	1.8	-2.9	-7.3
Filtration	8.7	11.5	12.3	8.9
Food and Medical	0.5	1.7	3.9	0.4
Other operations	-2.2	-1.5	-3.4	-3.7
Eliminations	0.1	-0.0	-0.1	0.1
Operating profit / loss excluding non-recurring items	7.2	13.4	9.7	-1.8
Return on capital employed (RONA), %
Building and Energy	1.2	6.3	-53.2	-27.2
Filtration	17.9	23.2	24.1	16.5
Food and Medical	1.0	-1.3	-3.4	-7.8
Group (ROCE), %	3.4	5.4	-8.0	-2.6
Building and Energy	127.5	133.2	119.1	105.2
Filtration	196.1	198.1	209.4	202.2
Food and Medical	161.3	164.2	168.2	162.6
Other operations	-27.4	-20.0	-24.4	-30.3
Eliminations	-0.1	-0.1	-0.2	-0.1
Total net assets, at the end of the reporting period	457.3	475.4	472.0	439.5
Building and Energy	4.7	5.4	3.6	4.8
Filtration	2.5	3.7	4.9	6.5
Food and Medical	0.5	0.8	1.0	4.0
Other operations	1.3	0.5	0.3	1.1
Total capital expenditure	9.0	10.3	9.9	16.3
Building and Energy	-2.6	-2.9	-6.0	-2.8
Filtration	-4.2	-4.3	-4.6	-4.7
Food and Medical	-4.3	-4.4	-9.7	-5.1
Other operations	-0.6	-0.6	-1.4	-0.1
Total depreciation and amortization	-11.7	-12.2	-21.7	-12.8
Building and Energy	-	-	-11.6	-0.2
Filtration	-	-	-	0.0
Food and Medical	-	-	-	0.0
Other operations	-	-	-	0.0
Total impairment charges	-	-	-11.6	-0.2
Building and Energy	0.2	0.2	-13.9	-0.3
Filtration	-	-	-	-0.4
Food and Medical	-0.1	-2.2	-5.3	-3.6
Other operations	-2.9	-1.8	-4.0	1.7
Total non-recurring items	-2.8	-3.8	-23.2	-2.5
Building and Energy	38.9	37.5	35.3	34.4
Filtration	29.8	31.5	30.4	28.7
Food and Medical	27.8	28.3	28.3	28.2
Other operations	1.9	1.8	1.8	1.9
Eliminations	-2.8	-2.7	-2.7	-3.5
Total sales tons, thousands of tons	95.6	96.4	93.2	89.7
Segment information is presented according to the IFRS standards.

For more information, please contact:
Liisa Nyyssönen
VP, 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 2014, Ahlstrom's net sales amounted to EUR 1 billion. Our 3,400 employees serve customers in 22 countries. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. More information available at www.ahlstrom.com.

---