Ahlstrom-Munksjö half-year report January-June 2019: Comparable Ebitda Improved

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July 30, 2019 - This release is a summary of Ahlstrom-Munksjö’s’ half-year financial report January-June 2019. The complete report is attached to this release as a pdf-file. It is also available at www.ahlstrom-munksjo.com.

Highlights 

  •  Q2/2019 comparable EBITDA grew by 25% to EUR 83.8 million (actual EUR 67.1 million in Q2/2018)
  •  Profitability continued to improve, fueled by further increase in gross margin for products
  •  Cash flow improved to EUR 63.1 million (EUR 27.5 million)
  •  The market environment remained uncertain with fluctuating demand
  •  New products were launched including a new generation of release materials to optimize RFID inlay lamination
  •  Sustainability work awarded with third consecutive EcoVadis Gold rating, putting Ahlstrom-Munksjö in the top 1% of suppliers assessed

Q2/2019 VS Q2/2018 pro forma

  •  Net sales EUR 745.3 million (EUR 766.0 million), a decrease of 2.7%.
  •  Comparable EBITDA EUR 83.8 million (EUR 82.8 million), representing 11.2% (10.8%) of net sales
  •  Gross margin for products continued to improve, while profitability was impacted by lower volumes
  •  Net profit EUR 14.8 million (EUR 23.4 million), impacted by higher depreciation and amortization as well as net financial items
  •  Earnings per share EUR 0.13 (EUR 0.20)
  •  Comparable EPS excluding depreciation and amortization arising from PPA EUR 0.25 (EUR 0.32)

1-6/2019 VS 1-6/2018 pro forma

  •  Net sales EUR 1,504.0 million (EUR 1,516.9 million)
  •  Comparable EBITDA EUR 158.8 million (EUR 169.1 million), representing 10.6% (11.1%) of net sales
  •  Gross margin for products continued to improve, while profitability was impacted by lower volumes
  •  Net profit EUR 18.9 million (EUR 47.8 million), significantly impacted by items affecting comparability, higher depreciation and amortization as well as net financial items
  •  Earnings per share EUR 0.16 (EUR 0.41)
  •  Comparable EPS excluding depreciation and amortization arising from PPA EUR 0.46 (EUR 0.64)

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Source: Ahlstrom-Munksjö

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