Strong Performance Over 2025 Driven By Disciplined Execution Of Its Strategy
Announced further steps on strategic roadmap: Initiated right-sizing of operations at Mosinee site in Wisconsin (US) to unlock additional value. Started consultations on potentially closing the Radcliffe (UK) site1 to optimize footprint.
Financial And Operational Highlights 2025
Net sales remained resilient amounting to EUR 2,930 million (2024: EUR 2,965 million); at constant currency net sales grew by 1.4%
Strong comparable EBITDA at EUR 473 million (2024: EUR 451 million) and a record comparable EBITDA margin 16.1% (2024: 15.2%), due to acquisitions and underlying performance of Core divisions2
Margin on Variable Costs per ton (MoVC) increased to €1,097 (2024: €987) driven by disciplined pricing and procurement savings
Cash discipline remained solid, operating cash flow was EUR 141 million (2024: EUR 227 million) mainly impacted by one-offs including minority squeeze out excess payment and transaction costs
Successful portfolio changes to drive growth in specialty materials with the acquisitions of Stevens Point operations and EBF, the divestment of non-core Abrasives business as well as establishing of Performance Material Cluster to allow focus on Core divisions2
Squeeze out to minority shareholders completed
Acceleration of customer-focused innovation as the company continued building and delivering its innovation pipeline
Excellent sustainability results, including record employee safety (TRIR), and eNPS, and the company remains target to meet SBTi commitments, strengthening its position as a sustainability leader, earning an EcoVadis Platinum rating and a CDP Climate Leadership score of A-
Ahlstrom Holding 3 Oy changed its name to Ahlstrom Oyj as of January 02, 2026
Helen Mets, President And CEO, Commented
“In 2025, Ahlstrom strengthened its position as a leading sustainable specialty materials company through disciplined execution of our strategic agenda. We continued to strengthen our portfolio with the acquisitions of Stevens Point operations in Food & Smart Packaging and EBF in Lab & Life Sciences, while divesting the non-core Abrasives businesses. Despite a softer market environment, we delivered resilient net sales and improved profitability, driven by our disciplined pricing, procurement savings and acquisitions. Our innovation pipeline and commitment to sustainability have progressed; innovative products now represent 33% of our sales, and 66% of our offerings are now Safe and Sustainable by Design. We achieved record employee safety (TRIR) and eNPS scores and see our deep customer relationships reflected in our continued top decile customer loyalty scores.
Looking ahead to 2026, our refined strategy and recent acquisitions provide strong momentum. We remain committed to safety, reliability, and continuous improvement, leveraging digital and AI solutions. Thank you to our employees, customers, suppliers, and partners for your ongoing support as we continue to build Ahlstrom’s leadership in specialty materials.”
Initiated Significant Steps On Ahlstrom’s Strategic Roadmap
Ahlstrom is streamlining its Wisconsin (US) manufacturing strategy by right-sizing the Mosinee site. This includes closing the pulp mill and two older paper machines this year, while upgrading the two remaining paper machines with advanced technologies and automation.
In addition, Ahlstrom has also announced the initiation of a formal consultation process concerning the potential closure of the Radcliffe (UK) site, effective today. A decision will be taken pending the outcome of the consultation.