Ahlstrom financial statements release 2024 published
AHLSTROM OYJ, PRESS RELEASE, February 27, 2025 at 14:00 EET
Ahlstrom Holding 3 Oy has today published its Financial Statements Release 2024. The report is available at www.ahlstrom.com/investors.
Helen Mets, President and CEO, comments on the full year 2024 results:
In 2024, Ahlstrom made notable progress on its growth journey. We have positioned the company and our technology around major global trends and placing decision-making close to customers. In 2024, we simplified our divisional structure from five divisions into three. We have strengthened both our opportunity pipeline and innovation pipeline. We have also progressed in sustainability, and our efforts are recognized by EcoVadis and CDP carbon disclosure.
Record strong profitability
Ahlstrom has delivered record high profitability for the full year 2024. We had record-level comparable EBITDA and operating cash flow. Our comparable EBITDA margin was at an all-time high, landing at 15,2%. Despite the market not offering a tailwind, we successfully grew our deliveries by 3% on a comparable basis. We saw growth in most of our specialty materials businesses, including Filtration, Technical Materials, Food and Medical. Margin on variable costs per ton is increasingly strong, thanks to improved operational performance resulting from our transformation initiatives.
Strengthened business portfolio, innovation, and sustainability recognition
We undertook several strategic measures to strengthen our business portfolio, including the divestment of the Aspa pulp mill and the closure of the Bousbecque and Falun plants, as part of our ongoing efforts to focus on high growth areas. To further expand our capabilities in specialty materials, we acquired ErtelAsop, a company specializing in life-science filtration.
Innovation is at the core of our strategy. In 2024, we launched several innovative products, including sustainable packaging materials and advanced filtration solutions. 31% of our sales now come from products that we have launched in the last 5 years.
In alignment with Ahlstrom’s commitment to sustainability, our climate targets were verified by the Science Based Target Initiative (SBTi). Our commitment to sustainability has been recognized with a Platinum Medal in the EcoVadis sustainability assessment, as well as a Leadership score A- in the CDP carbon disclosure.
Looking ahead
I am confident that the steps we continue to take are strengthening our ability to lead in sustainable specialty materials. Our customer loyalty score remains in the top decile in our industry, reflecting our dedication to customer satisfaction. I would like to thank our employees, customers, and partners for their unwavering support and collaboration. Our solid profitability and cash flow, combined with our commitment to co-innovating with our customers, position us well for the future.
Earnings call for investors on February 27, at 16:00 EET
A live audiocast and teleconference call will be arranged today, February 27, at 16:00 EET (15:00 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/q4-2024/register
Teleconference registration link:
https://player.videosync.fi/ahlstrom/q4-2024/dial-in
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 the 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 2024 amounted to EUR 3.0 billion and we employ some 6,800 people. Read more www.ahlstrom.com.