Brief: Glaston Client Changes Scope Order
21/06/2023 16:05
June 21 (Reuters) - Glaston Oyj Abp GLA1V.HE :
* SCOPE OF A SIGNIFICANT ORDER CHANGES AND ORDER BOOK IS REDUCED
* INITIAL TOTAL ORDER VALUE WAS APPROXIMATELY EUR 31 MILLION
* OUTLOOK FOR 2023 REMAINS UNCHANGED
* LATER PHASES OF ORDER WILL BE CANCELLED, AFFECTING DELIVERIES THAT WERE SCHEDULED FOR
2024-2025
* CUSTOMER'S DECISION TO REVIEW PART OF THEIR INVESTMENT
* LATER PHASES OF ORDER WILL BE CANCELLED, AFFECTING DELIVERIES THAT WERE SCHEDULED FOR
2024-2025
* IN 2023, GLASTON WILL DELIVER EQUIPMENT TO CUSTOMER VALUED AT AROUND EUR 11,3 MILLION
* APPROXIMATELY EUR 19,4 MILLION ARE REMOVED FROM GLASTON'S ORDER BOOK
* DOES NOT EXPECT ANY SIGNIFICANT IMPACT ON NET SALES OR OPERATING PROFIT FROM PARTIAL
CANCELLATION IN 2023 DUE TO DELIVERIES BEING SCHEDULED FOR 2024−2025
Source text for Eikon: ID:nWkr43pN1c
Further company coverage: GLA1V.HE
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