Ahlstrom-Munksjö Holding estimates that net sales were EUR 777 million for the third quarter in 2021, 19% higher compared to third quarter in 2020 (EUR 654 million1) and pro forma2 net sales for the nine months ended September 30, 2020 were EUR 2,258 million, 13% higher compared to the same period last year (EUR 1,994 million1). Ahlstrom-Munksjö Holding further estimates that comparable EBITDA was EUR 93 million for the third quarter in 2021, 18% higher compared to the third quarter in 2020 (EUR 79 million1) and comparable EBITDA was EUR 3863 million for the last twelve months ended September 30, 2021, 16% higher compared to comparable EBITDA for the year ended December 31, 2020 (EUR 334 million1). In the third quarter 2021 delivery volumes increased by 6% and were the key driver for the improvement in both net sales and comparable EBITDA. These figures are preliminary in nature and the actual results for this period may differ from these preliminary estimates.
Based on the current progress of the profit improvement initiatives, Ahlstrom-Munksjö’s owners have identified additional profit improvement opportunities that they expect can be actioned over the following four-year period, raising the total identified opportunities to above EUR 230 million from the initially identified amount of above EUR 200 million.
details at: https://www.ahlstrom-munksjo.com/Media/releases/press-releases2/2021/ahlstrom-munksjo-ahlstrom-munksjo-holding-3-oy-pre-announces-its-third-quarter-sales-and-comparable-ebitda/