Brief: Glaston Q1 Comparable EBITA Grows To EUR 3.5 Million

Glaston Oyj Abp

27/04/2022 06:44

April 27 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * GLASTON'S INTERIM REPORT JANUARY─MARCH 2022: STRONG
PERFORMANCE
CONTINUED IN ORDER INTAKE AND PROFITABILITY
    * Q1 ORDERS RECEIVED EUR 59.0 MILLION VERSUS EUR 47.2
MILLION YEAR
AGO
    * Q1 NET SALES EUR 52.3 MILLION VERSUS EUR 40.4 MILLION YEAR
AGO
    * Q1 COMPARABLE EBITA EUR 3.5 MILLION VERSUS EUR 2.1 MILLION
YEAR
AGO
    * HAVE TAKEN NECESSARY ACTIONS TO CLOSE OUR SALES OFFICE IN
MOSCOW
AND CURRENTLY BUSINESS WITH RUSSIA IS SUSPENDED
    * FINANCIAL IMPACT OF OUR EXIT DECISION IS LIMITED, AS
RUSSIA
ACCOUNTED FOR LESS THAN ONE PERCENT OF OUR NET SALES IN 2021
    * IN JANUARY−MARCH, CHINA'S SHARE OF TOTAL NET SALES
AMOUNTED TO
APPROXIMATELY 15%. PROLONGED RESTRICTIONS AND LOCKDOWNS WOULD
IMPACT OUR BUSINESS IN MID-TERM

Source text for Eikon:  ID:nWkr1RhSKw 
Further company coverage:  GLA1V.HE 

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