Brief: Glaston Q3 Comp. EBITA Down At EUR 1.3 Mln

Glaston Oyj Abp

27/10/2020 11:02

Oct 27 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * GLASTON'S INTERIM REPORT JANUARY-SEPTEMBER 2020: POSITIVE
DEVELOPMENT IN INSULATING GLASS TECHNOLOGIES, HEAT TREATMENT
TECHNOLOGIES AND SERVICES SLOWER THAN EXPECTED
    * Q3 ORDERS RECEIVED EUR 33.3 MILLION VERSUS EUR 45.6
MILLION YEAR
AGO
    * Q3 NET SALES EUR 35.9 MILLION VERSUS EUR 54.5 MILLION YEAR
AGO
    * Q3 COMPARABLE EBITA EUR 1.3 MILLION VERSUS EUR 3.1 MILLION
YEAR
AGO
    * ESTIMATES THAT COMPARABLE EBITA FOR 2020 WILL DECLINE FROM
2019
LEVEL
    * ASSESSMENT IS THAT FOURTH-QUARTER ORDERS WILL IMPROVE FROM
Q3
BUT REMAIN BELOW PREVIOUS YEAR'S LEVELS
    * LOWER THAN 2019 ORDER INTAKE AND LOWER THAN NORMAL VOLUME
IN
SERVICES BUSINESS IMPACTS DEVELOPMENT OF NET SALES AND EARNINGS
IN 2020
    * UNCERTAINTY SURROUNDING ASSESSMENT REMAINS

Source text for Eikon:  ID:nWkr906QGx 
Further company coverage:  GLA1V.HE 

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