We develop leading businesses
Ahlström Capital in brief
Ahlström Capital is a family-owned company that focuses its investment activity on industrial companies, real estate and forest. We are one of the largest and most significant investment companies in Finland with a long history of nearly 170 years. Ahlström Capital creates long-term shareholder value by actively developing its portfolio.
Key figures 2019
Revenue and comparable operating profit, MEUR
Revenue
Comparable operating profit
* Adjusted
Profit for the period, MEUR
Profit for the period
Impact from divestments and Ahlstrom-Munksjö merger
* Adjusted
Balance sheet total, MEUR and net gearing, EFV-adjusted
Balance sheet total
Net gearing, EFV-adjusted
* Adjusted
External fair value (EFV) per share and dividend per share, EUR
External fair value (EFV) per share
Dividend per share
Total dividend per share
* Board's dividend proposal: A dividend of EUR 0,36 per share be paid in spring 2020 and additional maximum EUR 0,12 per share in autumn subject to the Board’s discretion. ”In 2019, we had good growth in the value of our portfolio, but challenges in the underlying profit development. Ahlström Capital as the largest shareholder had a significant role in Glaston’s acquisition of Bystronic glass. Our main priority is to further develop the companies and real estate in our portfolio.”
Lasse Heinonen
President and CEO
Ahlstrom-Munksjö is a global leader in innovative and sustainable fiber-based solutions. The high-value products Ahlstrom-Munksjö delivers are oriented towards customer requirements, rather than industry standards.
Detection Technology is targeting in its new strategy, DT-2025, to be a growth leader in digital X-ray imaging detector solutions and a significant player in other technologies and applications where the company sees good business opportunities.
Glaston strengthened its position in the glass processing value chain by the acquisition of Bystronic glass. The integration has progressed well, and the two companies have succeeded in combining their operations faster than expected.
Suominen published its new strategy and sustainability agenda for 2020-2025 with two main targets: growth and improved profitability. Suominen’s vision is to be the frontrunner for nonwoven innovation and sustainability.
The strategic objective of Destia’s renewed strategy “Connecting northern life” is to ensure the competitiveness of the company’s core business, comprising of large road projects and infrastructure maintenance requiring special expertise.
In 2019, Enics focused on the Back to Basics programme which introduces a new governance model and includes a set of initiatives addressing e.g. production efficiency, supply chain processes and inventory management practices.
Our flagship building, Eteläesplanadi 14, has an excellent location in the commercial business district in Helsinki city center. Several of our long-term tenants have been renovating their facilities i.e. the traditional and famous restaurant Savoy.
Ahlström Capital is one of the largest private forest owners in Finland and we have a long tradition in sustainable forestry. Our silviculture is most efficient when it is both financially profitable and sustainable.
Our portfolio
~ EUR 5 billion
revenue of portfolio companies, total
~15,500
employees in portfolio companies
29
operating countries
Listed companies
Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative and sustainable solutions to its customers.
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.
* Pro forma
Ahlström Capital’s shareholding
18.7%
Market capitalisation
1,651 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
368 MEUR
Glaston is the glass processing industry’s innovative technology leader supplying equipment, services and solutions to the architectural, automotive, solar and appliance industries.
Revenue
Comparable operating profit
* Pro forma
** Adjusted
Ahlström Capital’s shareholding
26.4%
Market capitalisation
106 MEUR
Suominen manufactures nonwovens as roll goods for wipes and other applications. The end products made of Suominen’s nonwovens, such as wet wipes, feminine care products and swabs, are present in people’s daily life worldwide.
Revenue
Comparable operating profit
Ahlström Capital’s shareholding
24.0%
Market capitalisation
133 MEUR
Non-listed companies
Destia is a Finnish infrastructure and construction service company that creates tomorrow’s infrastructure for its customers, society and people in general. The company creates urban construction innovations and smart infrastructure solutions that are built on a sustainable foundation.
Revenue
Comparable operating profit
* Adjusted
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
* Adjusted
Ahlström Capital’s shareholding
99.8%
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.
67,700 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.
34,000 ha
Forests in total
141 MEUR
External fair value
of forests
Sustainable value creation
We at Ahlström Capital believe that sustainability is a prerequisite for creating long-term value. As a responsible investor we want to incorporate environmental, social and governance (ESG) issues into our own processes and impact the ESG performance of our portfolio companies.
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