1Q16 Highlights Pulp production of 1,203 thousand tons (t), 7% less than in 4Q15 and 1Q15. LTM production stood at 5,097 thousand t. Pulp sales of 1,136 thousand t, 13% and 8% down on 4Q15 and 1Q15, respectively. LTM sales totaled 5,024 thousand t. Net revenue of R$2,395 million (4Q15: R$2,985 million | 1Q15: R$1,997 million). LTM net revenue came to R$10,478 million, a new 12- month record. Cash cost of R$699/t, 6% more than in 4Q15 and 22% up on 1Q15 (for more details, see page 7). Excluding the impact of the scheduled downtimes, the cash cost would have come to R$668/t. First-quarter Adjusted EBITDA totaled R$1,254 million, 23% down on 4Q15 and 25% up on 1Q15. LTM EBITDA amounted to R$5,584 million, also a period record. The EBITDA Margin for the quarter stood at 52%.
Ahlstrom-Munksjö will introduce renewed business processes and modern systems to create a strong foundation to operate its global business effectively and strengthen the customer experience. This new, stronger platform will greatly benefit Ahlstrom-Munksjö’s way of doing business by utilizing the data and the opportunities for further digitalization.
“Creating a strong business platform is a key enabler in our growth strategy implementation. During the next years we will renew our business processes and modernize the business technology accordingly. This will generate efficiency and agility, transparency and improved stakeholder value as well as contribute to the profitable growth,” says President and CEO Hans Sohlström.
The business platform renewal will be carried out during several years in a way that is manageable both to the personnel and business of Ahlstrom-Munksjö. The work will be started this year with a thorough planning phase. “We need to see to it that our people across the organization can do their best in this joint effort and that they have time to gain the required new competencies,” adds Hans.
“This is going to be a business and people driven transformation. We will utilize our proven ability to innovate and are ready to drive the transformation in the entire industry,” summarizes Hans Sohlström.