Ahlstrom-Munksjö discontinues giving comparable EBITDA guidance due to the Expera transaction
AHLSTROM-MUNKSJÖ OYJ, STOCK EXCHANGE RELEASE OCTOBER 10, 2018 at 16:30 EEST
Ahlstrom-Munksjö discontinues providing guidance on comparable EBITDA for 2018 due to the completion of the acquisition of Expera Specialty Solutions. The former guidance on comparable EBITDA for 2018 did not incorporate the impact of the acquisitions of Expera Specialty Solutions and MD Papéis’ Caieiras specialty paper mill.
The acquisition of Expera Specialty Solutions, announced on July 23, 2018, was completed today. On April 24, 2018, Ahlstrom-Munksjö agreed to acquire the Caieiras specialty paper mill and the completion of the transaction is expected in October 2018.
Ahlstrom-Munksjö repeats its previous market outlook:
Demand for Ahlstrom-Munksjö’s fiber-based products is expected to remain stable at the current good level for most of the product segments and to reflect the seasonal pattern.
Former guidance for comparable EBITDA, published on July 26, 2018:
Comparable EBITDA in 2018 is expected to be slightly below the previous year’s level (pro forma EUR 290.4 million) hence gaining momentum in the second half of the year.
For further information, please contact:
Johan Lindh, Head of Investor Relations, + 358 (0) 10 888 4994, johan.lindh@ahlstrom-munksjo.com
Juho Erkheikki, Investor Relations Manager, +358 (0) 10 888 4731, juho.erkheikki@ahlstrom-munksjo.com
Ahlstrom-Munksjö in brief
Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative and sustainable solutions to its customers. Our mission is to expand the role of fiber-based solutions for sustainable everyday life. Our offering include filter materials, release liners, food and beverage processing materials, decor papers, abrasive and tape backings, electrotechnical paper, glass fiber materials, medical fiber materials and solutions for diagnostics as well as a range of specialty papers for industrial and consumer end-uses.Our annual net sales are about EUR 3 billion and we employ some 8,000 people. The Ahlstrom-Munksjö share is listed on the Nasdaq Helsinki and Stockholm. Read more at www.ahlstrom-munksjo.com.