Ahlstrom made changes to its financial segment reporting as of January 1, 2013 as the former Filtration business area was divided into two separate segments: Advanced Filtration and Transportation Filtration.
In addition, a new reporting segment called Trading and new business, has been added. The segment includes trading sales of wipes materials to Suominen Corporation and release papers from the Osnabrück plant as well as Porous Power Technologies. These operations were previously reported as part of the Building and Energy and Label and Processing segments.
As of January 1, 2013, Ahlstrom has adopted the revised IAS 19 Employee Benefits standard. The impact of the change has also been included in the restated figures. The operating profit from continuing operations in 2012 is increased by EUR 3.1 million as the net interest costs related to employee benefits are reported in financial items. The operating profit impact is positive for all the segments.
Further information on the impact of the revised standard will be presented in the interim financial statements to be published on April 25, 2013.
Ahlstrom's financial reporting will be in line with these changes starting from the January-March 2013 interim report. Quarterly Group and segment information for 2012 has been restated accordingly.
As of January 1, 2013, Ahlstrom's five reporting segments are: Advanced Filtration, Building and Building, Food and Medical, Transportation Filtration, and Trading and new business.
Ahlstrom
Ahlstrom is a high performance fiber-based materials company partnering with leading businesses around the world to help them stay ahead. Our products are used in a large variety of everyday applications, such as filters, medical gowns and drapes, diagnostics, wallcoverings, flooring and food packaging.
We have a leading market position in the businesses in which we operate. In 2012, Ahlstrom's net sales from the continuing operations (excluding Label and Processing business) amounted to EUR 1 billion. Our 3.800 employees serve customers in 28 countries on six continents.
