Q1/2022 (year-on-year) • Sales increased by 23% to EUR 2,798 (2,276) million. • Operational EBIT increased by 53% to EUR 503 (328) million. • Operational EBIT margin increased to 18.0% (14.4%). • Operating profit (IFRS) increased to EUR 394 (161) million. • Strong cash flow from operations amounted to EUR 403 (185) million. Cash flow after investing activities was EUR 224 (-9) million. • The net debt to operational EBITDA ratio improved to 1.1 (2.3). The target is to keep the ratio below 2.0. • Operational ROCE excluding the Forest division almost doubled to 23.6% (12.0%), the target being >13%.
Ahlstrom-Munksjö has completed an investment in one of its filtration material production lines in Binzhou, China. The machine rebuild adds production capacity and new capabilities that will further enhance the product portfolio. The production line will be able to deliver the highest performing oil, fuel, air and industrial filtration materials, which will strengthen Ahlstrom-Munksjö’s offering and service for the Asian customers. The investment plan was initially announced in January 2020.
“This investment reinforces our commitment to our customers in Asia,” says Kathrin Hueppe, Head of Asia, Filtration & Performance Solutions business area. “Improving our capability in the Binzhou plant allows us to serve their growing needs in high-performance filtration.”
“In response to growing customer demand, both in the transportation and industrial filtration markets, Ahlstrom-Munksjö has in the recent years strengthened its product offering with unique capabilities and continuously invested to offer delivery security for customers globally,” says Giuseppe Costa, Vice President, Filtration Asia & EMEA. “This investment is part of our plan to strengthen our leading position in filtration materials.”