Brief: Glaston Q1 Comparable EBITA Up At EUR 2.1 Mln

Glaston Oyj Abp

29/04/2021 11:03

April 29 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * GLASTON'S INTERIM REPORT JANUARY─MARCH
2021: GOOD ORDER INTAKE
CONTRIBUTED TO STRONG CASH FLOW. EBITA MARGIN IMPROVED.
    * Q1 ORDERS RECEIVED TOTALED EUR 47.2 (45.6) MILLION.
    * Q1 NET SALES TOTALED EUR 40.4 (46.9) MILLION.
    * Q1 COMPARABLE EBITA WAS EUR 2.1 (2.0) MILLION, I.E. 5.1
(4.3)%
OF NET SALES.
    * GLASTON'S OUTLOOK FOR 2021 UNCHANGED
    * GLASTON STARTED 2021 WITH A 20% LOWER ORDER BACKLOG THAN
PREVIOUS YEAR, IMPACTING NET SALES AND COMPARABLE OPERATING
PROFIT FOR FIRST HALF OF 2021
    * SECOND HALF OF 2021 WILL BENEFIT FROM ORDER INTAKE
RECOVERY.
    * EXPECTS HEAT TREATMENT AND INSULATING GLASS TECHNOLOGY
MARKETS
TO PERFORM WELL
    * VISIBILITY CONTINUES TO BE SHORTER THAN NORMAL DUE TO
COVID-19
PANDEMIC AND ITS IMPLICATIONS ON ECONOMIC ACTIVITY, INVESTMENTS
AND TRAVEL RESTRICTIONS
    * DEMAND FOR AUTOMOTIVE GLASS PROCESSING TECHNOLOGY IS
VOLATILE
AND UNCERTAIN DUE TO COVID-19
    * ESTIMATES, THAT ITS NET SALES AND COMPARABLE EBITA WILL
IMPROVE
IN 2021 FROM LEVELS REPORTED FOR 2020.

Source text for Eikon:  ID:nWkr6SrVqk 
Further company coverage:  GLA1V.HE 

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