Glaston reported improved operating result compared to last year
Glaston’s January–September comparable operating result was EUR 2.8 million, i.e. at the same level as the whole of 2016. Previously, the full-year 2017 comparable operating result was expected to improve from 2016.
Glaston revises its outlook and now expects the full-year 2017 comparable operating result to be EUR 4.0–5.5 million. (Previous outlook: We expect the full-year comparable operating result to improve from 2016. In 2016 the comparable operating result was EUR 2.8 million.)
“In the third quarter, Glaston’s good development continued. Net sales grew by 23% compared with the previous year, and the operating result was positive at EUR 1.3 million, whereas the operating result for the comparison period was a loss. Orders also exceeded the previous year’s level. In January-September, key indicators likewise developed positively, with the exception of order intake, as the order intake for the third quarter was not sufficient to offset the low level of the early part of the year.
Of the market areas, North America and particularly the US market picked up. We strengthened our position in the growing lamination product segment and received a few large tempering machine orders. In the developed market of North America, the quality requirements for architectural glass are increasing further, and this is bringing us new opportunities for sales of both new machines and upgrade products.
The most significant single deal during the review period was the sale of a Glaston...
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