Ahlstrom Half-Year Report 2023

FINANCIAL RESULT JANUARY-JUNE 2023

Comparison with January-June 2022 Net sales decreased by 4.4% to EUR 1,575.4 million (1,647.3) as higher selling prices were more than offset by lower deliveries. Comparable EBITDA decreased to EUR 188.8 million (237.0), representing 12.0% of net sales (14.4), due to lower deliveries. Volumes decreased as a result of the ongoing destocking in the value chains, partly relating to weaker end markets. The transformation is progressing well and continues to deliver strong results. Higher input costs were more than offset by higher selling prices and cost efficiency measures, leading to a higher margin on variable costs per ton.