Ahlstrom January–September 2024 financial results published
AHLSTROM OYJ, PRESS RELEASE, NOVEMBER 7, 2024, at 13:00 EET
Ahlstrom Holding 3 Oy has today published its January–September 2024 financial report. The report is available at www.ahlstrom.com/investors.
Helen Mets, President and CEO, comments on third quarter 2024:
TRANSFORMATION ON TRACK – RECORD HIGH PROFITABILITY
Ahlstrom’s transformation efforts are delivering results. Our comparable EBITDA in the third quarter reached a record level, reflecting our ongoing commitment to performance and growth. Driven by our dedication to science and our desire to help customers navigate global trends, we continue to launch new products, with the introduction this quarter of recyclable packaging material for the bouillon cube segment. This innovation replaces thousands of tons of plastic and supports sustainable development. Moreover, our enhanced customer collaboration has led to our customer loyalty score reaching the highest decile in our industry in the latest measurement, which makes me particularly proud.
IMPROVED PROFITABILITY AND STRENGTHENED BUSINESS PORTFOLIO
Our margin on variable cost per ton continued to increase to a record high level, thanks to our improved operational performance driven by our transformation initiatives. Adjusted for the Stenay divestment in 2023, our deliveries increased by 1% compared to the previous year. We continued to strengthen our business portfolio by consolidating our footprint in parchment paper production at the Saint-Séverin site following the closure of the Bousbecque mill. Our centralized operations ensure efficiency and continued growth. In addition, we successfully completed the transaction to divest the Aspa pulp mill in November, supporting our growth transformation and focus on specialty materials production.
TARGETS AND COLLABORATION FOR A SUSTAINABLE FUTURE
Our climate targets have now been validated by the Science Based Targets initiative (SBTi). These goals underline our ambition to reduce emissions in our value chains and pave the way for future growth with lower carbon dioxide emissions. Moreover, in October, we became a member of the World Business Council for Sustainable Development (WBCSD), enabling us to collaborate with some of the world’s most forward-thinking companies to advance the global sustainability agenda.
A LOOK AHEAD
I am proud of our progress and our team’s relentless effort to meet market demands. Together, we not only deliver strong profitability but also take significant steps towards a more sustainable future. I want to thank our employees, customers, partners, and owners for their unwavering support and cooperation as we continue this transformative journey.
Earnings call for investors on November 7, at 15:00 EET
A live audiocast and teleconference will be arranged today, November 7 at 15:00 EET (14:00 CET). The event will be hosted by President and CEO Helen Mets, and CFO Niklas Beyes.
Questions to the management can be asked either via the chat box in the audiocast or in person by phone in the conference call.
Audiocast registration link:
https://ahlstrom.videosync.fi/q3-2024/register
Teleconference registration link:
https://palvelu.flik.fi/teleconference/?id=10013862
After the registration to the teleconference, the participant will be provided with phone numbers and a conference ID to access the call. To ask a question, press *5 on your telephone keypad to enter the queue.
By joining audiocast or teleconference, the participant agrees that personal information such as name and company name will be collected. The event will be recorded.
Additional information:
Johan Lindh, Vice President, Investor Relations, + 358 10 888 4994, johan.lindh@ahlstrom.com
Ahlstrom in brief
Ahlstrom is a global leader in combining fibers into sustainable specialty materials. Our purpose is to Purify and Protect, with Every Fiber, for a Sustainable World. Our vision is to be the Preferred Sustainable Specialty Materials Company for all our stakeholders. Our three divisions, Filtration and Life Sciences, Food and Consumer Packaging, and Protective Materials, address global trends with safe and sustainable solutions. Our net sales in 2023 amounted to EUR 3.0 billion and we employ some 7,000 people. Read more www.ahlstrom.com