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Ahlstrom-Munksjo expects high EBITDA in 2017

16 May '17
2 min read

Ahlstrom-Munksjo expects its comparable EBITDA in 2017 to be higher than in 2016. The company recently published pro forma financial information for 2015, 2016 and for each of the quarters in 2016 in addition to Q1 in 2017 to illustrate the financial impact of the merger. The merger of Ahlstrom Corporation and Munksjo Oyj was completed on April 1, 2017.

The merger created a global leader in innovative and sustainable fibre-based materials with combined pro forma net sales of approximately €2.15 billion, around 6,000 employees, and 41 production and converting facilities in 14 countries.

The demand outlook for 2017 for Ahlstrom-Munksjo’s fibre-based products is expected to remain stable at the current good level for most of the product segments and to reflect the seasonal pattern. However, the price is expected to increase towards the end of the second quarter.

Ahlstrom-Munksjo offers a broad range of fibre-based materials and products and has leading global positions in areas such as filtration, decor papers, release liners, and compostable food and beverage packaging. The company is also working on identifying further business synergies such as integrating the former business area graphics and packaging into the new business area specialties, to develop a combined product and service offering.

In 2016, Ahlstrom-Munksjo derived about 60 per cent of its total net sales from Europe, 24 per cent from the Americas and 16 per cent from the Asia-Pacific region. Know-how in fibre-based technology, an efficient manufacturing platform and ability to serve global customers locally helped in competing with its counterparts.

Ahlstrom-Munksjo plans to report its interim and annual reports consistently starting from January-June 2017, will be published on July 25, 2017. (RR)

Fibre2Fashion News Desk – India

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