Brief: Glaston Q2 EBIT Down At EUR 0.4 Million

Glaston Oyj Abp

08/08/2019 12:29

Aug 8 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * FIRST COMBINED QUARTER FOR THE NEW GLASTON: NET SALES GREW
TO
EUR 58.4 MILLION AND COMPARABLE EBITA WAS EUR 3.6 MILLION
    * APRIL-JUNE 2019 ORDERS RECEIVED TOTALED EUR 44.5 (25.4)
MILLION.
    * Q2 NET SALES EUR 58.4 MILLION VERSUS EUR 25.6 MILLION YEAR
AGO
    * EXPECTS 2019 COMPARABLE PRO FORMA EBITA TO BE AT 2018
LEVEL OR
SLIGHTLY IMPROVE (2018 COMPARABLE PRO FORMA EBITA EUR 11.5
MILLION)
    * Q2 OPERATING RESULT (EBIT) WAS EUR 0.4 (0.9) MILLION
    * GLASTON SEGMENT'S LOWER THAN 2018 FIRST HALF ORDER INTAKE
AND
RESULT WILL AFFECT SEGMENT'S 2019 RESULT
    * AS INTEGRATION PROCESS IS AT AN EARLY STAGE, MORE
UNCERTAINTY
THAN USUAL IS ASSOCIATED WITH OUTLOOK AND COMPANY'S ESTIMATE

Source text for Eikon:  ID:nWkr5Prj5K 
Further company coverage:  GLA1V.HE 

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