Ahlstrom-Munksjö discontinues giving comparable EBITDA guidance due to the Expera transaction
AHLSTROM-MUNKSJÖ OYJ, STOCK EXCHANGE RELEASE OCTOBER 10, 2018 at 16:30 EEST
Ahlstrom-Munksjö discontinues providing guidance on comparable EBITDA for 2018 due to the completion of the acquisition of Expera Specialty Solutions. The former guidance on comparable EBITDA for 2018 did not incorporate the impact of the acquisitions of Expera Specialty Solutions and MD Papéis' Caieiras specialty paper mill.
The acquisition of Expera Specialty Solutions, announced on July 23, 2018, was completed today. On April 24, 2018, Ahlstrom-Munksjö agreed to acquire the Caieiras specialty paper mill and the completion of the transaction is expected in October 2018.
Ahlstrom-Munksjö repeats its previous market outlook:
Demand for Ahlstrom-Munksjö's fiber-based products is expected to remain stable at the current good level for most of the product segments and to reflect the seasonal pattern.
Former guidance for comparable EBITDA, published on July 26, 2018:
Comparable EBITDA in 2018 is expected to be slightly below the previous year's level (pro forma EUR 290.4 million) hence gaining momentum in the second half of the year.
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