Brief: Glaston Proposes A Capital Repayment Of EUR 0.05 Per Share

Glaston Oyj Abp

15/02/2024 06:43

Feb 15 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * PROPOSES A CAPITAL REPAYMENT OF EUR 0.05 PER SHARE
    * EXPECTS ARCHITECTURAL GLASS PROCESSING EQUIPMENT MARKETS
TO
START RECOVERING SLOWLY AT SOME POINT IN 2024
    * IN EUROPE, DEMAND IS EXPECTED TO REMAIN AT CURRENT LEVEL
WITH
RECOVERY TAKING PLACE TOWARDS END OF YEAR
    * IN AMERICAS, CURRENT DEMAND LEVEL IS EXPECTED TO CONTINUE
    * IN CHINA, DEMAND IN ARCHITECTURAL MARKET IS EXPECTED TO
REMAIN
AT A REASONABLE LEVEL
    * IN MOBILITY GLASS PROCESSING EQUIPMENT MARKET, CAUTIOUSLY
POSITIVE DEVELOPMENT IS EXPECTED TO CONTINUE DRIVEN BY CHINA
    * ESTIMATES THAT ITS NET SALES AND COMPARABLE EBITA WILL
STAY AT
SAME LEVEL OR INCREASE SLIGHTLY IN 2024 FROM LEVELS REPORTED FOR
2023
    * IN 2023, GROUP NET SALES TOTALED EUR 219.7 MILLION AND
COMPARABLE EBITA WAS EUR 14.9 MILLION.

Source text for Eikon:  ID:nWkrZYR1p 
Further company coverage:  GLA1V.HE 

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