We develop leading businesses

Ahlström Capital in brief

Ahlström Capital focuses its investment activity on industrial companies, real estate and forest. We are a family-owned company with a history of more than 160 years, and one of the largest and most significant investment companies in Finland. Ahlström Capital creates long-term shareholder value by actively developing its portfolio.

Key figures 2018

Revenue and comparable operating profit, MEUR
Revenue
Comparable operating profit
*Restated due to discontinued operations. **Restated due to the implementation of IFRS15
Profit for the period, MEUR
 
*Restated due to the implementation of IFRS15
Balance sheet total, MEUR and net gearing, EFV-adjusted
Balance sheet total
Net gearing, EFV-adjusted
*Restated due to the implementation of IFRS15
External fair value (EFV) per share and dividend per share, EUR
External fair value (EFV) per share
Dividend per share
Extra dividend per share
* Board’s dividend proposal

”In 2018, our main priority was to further develop the companies in our portfolio. Ahlström Capital as the largest shareholder had a significant role in strategically important acquisitions announced by Ahlstrom-Munksjö during the summer 2018 and Glaston in January 2019.”

Lasse Heinonen
President and CEO

Read more

Our portfolio


~ EUR 5 billion
revenue of portfolio companies, total

~15,000
employees in portfolio companies

32
operating countries

Listed companies


Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative and sustainable solutions to customers worldwide.

Revenue
Comparable operating profit
*2017 figures as well as all comparison figures are presented on a pro forma basis to illustrate the financial impact of the merger between Ahlstrom and Munksjö as if it had been completed at the beginning of 2015.

Ahlström Capital’s shareholding
18.7%

Market capitalisation
1,397 MEUR

Suominen manufactures nonwovens as roll goods for wipes, hygiene products and medical applications. Suominen is the global market leader in nonwovens for wipes.

Revenue
Comparable operating profit

Ahlström Capital’s shareholding
24.0%

Market capitalisation
118 MEUR

Detection Technology is a global provider of X-ray detector solutions for medical, security and industrial applications.

Revenue
Comparable operating profit

Ahlström Capital’s shareholding
36.7%

Market capitalisation
235 MEUR

Glaston is a frontrunner in glass processing technologies and services. The company responds globally to the most demanding glass processing needs of the architectural, solar, appliance and automotive industries.

Revenue
Comparable operating profit

Ahlström Capital’s shareholding
17.5%

Market capitalisation
75 MEUR

Non-listed companies


Destia is a Finnish infrastructure and construction service company. The company designs, builds and maintains traffic routes, industrial and traffic environments, as well as complete living environments.

Revenue
Comparable operating profit

Ahlström Capital’s shareholding
100.0%

Enics is the partner of choice for professional electronics in the fields of energy, industrial automation, transportation, building automation and instrumentation.

Revenue
Comparable operating profit

Ahlström Capital’s shareholding
99.0%

Real estate and forest


Real estate

Ahlström Capital’s real estate portfolio includes prime location buildings in Southern Finland. Our portfolio also includes heritage assets in Noormarkku and Kauttua.

76,000 m2
real estate
area in total

143 MEUR
External fair value of
real estate

Forest

Ahlström Capital’s forest assets are mainly located in Western Finland in the Satakunta region, and in Central and Eastern Finland.

33,000 ha
Forests in total

128 MEUR
External fair value
of forests

Sustainable value creation

We at Ahlström Capital believe that sustainability is a prerequisite for creating long-term value. We are committed to promoting responsible business practices in our portfolio companies and to conduct sustainable asset management of our real estate and forest investments.

Read more