Net Sales Of Which: Activated Carbon and Service Equipment Consumer
2009
131.5
110.7
116.9 12.6 2.0
96.8 11.1 2.7
Cost of Products Sold
88.1
64.0
Income from Operations
15.0
20.2
Net Income/(Loss)
12.5
13.2
2010
2009
Net Sales Of Which: Activated Carbon and Service Equipment Consumer
482.3
411.9
427.7 46.0 8.6
358.2 43.9 9.8
316.9
266.6
Year ended 31.12
Year ended 31.12 2010
2009
Net Sales Of Which: Filtration
1894.2
1596.1
339.8
275.8
Cost of Goods Sold
1647.7
1421.5
246.5
174.6
Cost of Products Sold
Operating Profit/(Loss)
53.7
(14.6)
Income from Operations
46.3
53.4
Profit/(Loss) before Taxes
25.5
(40.1)
Net Income/(Loss)
34.9
39.2
Net Profit/(Loss)
17.9
(32.9)
Gross Profit
COMMENT Ahlstrom has posted sales for the fourth quarter of fiscal 2010 of E481.4 million, up 14.5% on the year earlier figure. In the company’s Filtration segment, sales were up 19.7% on the 2009 comparator at E84.9 million. The increase came from increased demand in the transportation industry in Asia and North America, as well as increases in selling prices. Ahlstrom recorded a loss for the quarter of E6.8 million compared with a year earlier loss of E27.9 million. The loss for the period reflected a number of non-recurring items including the Filtration segment booking a deficit of E18.4 million from the sale of Groesbeck business and a loss of E6.5 million from the sale of three production lines in Bethune in the USA. 8
Filtration Industry Analyst
For the corresponding fullyear, Ahlstrom saw its net sales lift 18.7% on 2009 to reach E1894.2 million, while it posted a net profit of E17.9 million after a year earlier loss of E32.9 million. “Our growth strategy in Asia progressed very well with a growth of almost 50% and in addition, we completed an acquisition in the Filtration business and established a joint venture in China in the Food and Medical business,” Jan Lång, Ahlstrom’s president and CEO, said. “Our strengthened balance sheet gave us the opportunity to implement our strategy and develop our businesses. We started a significant change programme with the aim of building a stronger company.” ■ www.ahlstrom.com
COMMENT Calgon Carbon finished fiscal 2010 posting fourth quarter revenues of US$131.5 million, up 18.8% on the year earlier. Sales for the company’s main Activated Carbon and Service segment increased 20.7% on the 2009 comparator to US$116.9 million. The majority of the increase came from acquisitions, although the company also saw higher demand from the potable water and respirator markets that offset a decline in the food market. Equipment sales increased 13.3% on a year earlier to US$12.6 million, while Consumer sales declined 27.9% to US$2.0 million. Results for the corresponding full year followed similar
trends with sales up 17.1% to US$482.3 million, while net income declined 11.0% to US$34.9 million. “We continue to improve our top-line growth which included contributions from our most recent acquisitions and Calgon Carbon’s traditional businesses,” John Stanik, Calgon Carbon’s chair, president and CEO, said. “While the decline in the fourth quarter margins was anticipated given our recent acquisitions, we expect to see margin improvement going forward as we continue to integrate Calgon Carbon Japan and implement global price increases that were previously announced.” ■ www.calgoncarbon.com