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Net sales up for Ahlstrom

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Ahlstrom reported net sales of $279 million (€247 million) for the fourth quarter of 2014, up from $275 million (€243.4 million) during the same period a year prior. Operating profit/loss excluding non-recurring items was -$2 million (€-1.8 million) during the quarter, compared to -$2.8 million (€-2.5 million) the year prior. Sales growth was driven by better pricing and product mix as well as a favorable currency effect. Comparable net sales at constant currencies remained flat. Profitability was hurt by low capacity utilization in the Building and Energy business area. Ahlstrom’s Advanced Filtration, Transportation, and Food business areas continued to improve profitability. A new, simplified structure and organization effective as of January 1, 2015, was announced to enable faster execution and stronger accountability within business areas.

For the full year, net sales were $1.1 billion (€1 billion) compared to $1.14 billion (€1.01 billion) last year, while comparable net sales growth rate at constant currencies was 1.4%. Operating profit excluding non-recurring items was up to $32.3 million (€28.6 million) compared to $15.1 million (€13.4 million) in 2013.

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