Brief: Glaston: Dispute With Customer Proceeding To Arbitration

Glaston Oyj Abp

30/08/2019 15:05

Aug 30 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * DISPUTE BETWEEN GLASTON AND CUSTOMER PROCEEDING TO
ARBITRATION
    * CUSTOMER CLAIMS CONTRACT TO BE TERMINATED AND A
COMPENSATION OF
APPROXIMATELY EUR 3.5 MILLION
    * BASED ON CLAIM GLASTON MAKES A PROVISION OF EUR 0.3
MILLION
    * ISSUE HAS NO IMPACT ON COMPANY'S FULL-YEAR 2019 GUIDANCE
    * ESTIMATES, THAT A RESOLUTION TO DISPUTE IS EXPECTED
APPROXIMATELY DURING FIRST HALF OF YEAR 2020

Source text for Eikon:  ID:nWkr2sfvXx 
Further company coverage:  GLA1V.HE 

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