Brief: Glaston Expects 2024 Comparable EBITA At EUR 14.5−16.0 Mln

Glaston Oyj Abp

30/10/2024 06:37

Oct 30 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * OUTLOOK 2024: ESTIMATES THAT ITS NET SALES WILL STAY AT
SAME
LEVEL AS IN 2023
    * OUTLOOK 2024: COMPARABLE EBITA IS ESTIMATED TO AMOUNT TO
EUR
14.5−16.0 MILLION
    * OUTLOOK 2024: NET SALES GROWTH IS CURBED BY DELAYED MARKET
RECOVERY WHEREAS ON-GOING STRUCTURAL COST-SAVING ACTIONS SUPPORT
PROFITABILITY
    * GLASTON PERFORMED WELL IN Q3 DESPITE CHALLENGING MARKET
ENVIRONMENT
    * CAUTIOUS DEVELOPMENT IN ARCHITECTURAL MARKET CONTINUED,
WHICH,
IN PARTICULAR, AFFECTED EMEA AND AMERICAS REGIONS
    * IN CHINA, ACTIVITY IN PRE-PROCESSING TECHNOLOGIES WAS GOOD
    * FOR FINAL QUARTER, WE EXPECT MARKET ACTIVITY TO REMAIN
SLOW

Source text:  ID:nWkr9SNblY 
Further company coverage:  GLA1V.HE 

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