HELSINKI, November 23, 2023-

In the third quarter, we continued our transformation journey to become the leading sustainable specialty materials company. Ahlstrom’s strength lies in our know-how in sustainable and innovative fiber-based solutions. We have the technology that addresses the big trends in the world and with our diversified portfolio we meet the needs of our customers who look for solutions that are safe and sustainable by design.

We are delighted to report that our comparable EBITDA in the third quarter increased from the second quarter and reached the same good level as the year before despite volume lagging by 10%. Timely and targeted cost reduction actions, along with a continued strong margin on variable costs per ton, supported the positive development of profitability. Over the course of the year, our comparable EBITDA margin has demonstrated a consistent upward trend, culminating in a record-breaking 16.9% in the third quarter.

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