Wednesday, September 14, 2016 4:00 pm

Ahlstrom says it has raised its outlook for adjusted operating profit margin in 2016 as a result of continued improvement in operational performance and lower variable costs. The outlook range for net sales has been narrowed.

Ahlstrom expects net sales in 2016 to be in the range of Euro 1,060-1,100 million. The adjusted operating profit is expected to be 6.5%-7.5% of net sales. The adjusted operating profit excludes restructuring costs, impairment charges and capital gains or losses.

Previous outlook for 2016: the company expects net sales in 2016 to be in the range of Euro 1,040-1,140 million. The adjusted operating profit is expected to be 5.4%-6.4% of net sales.

Ahlstrom is a high performance fiber-based materials company.