Brief: Glaston Q3 Comparable EBITA Up At EUR 3.1 Mln

Glaston Oyj Abp

28/10/2019 11:09

Oct 28 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * GLASTON INTERIM REPORT 1 JANUARY - 30 SEPTEMBER 2019:
INSULATING
GLASS BUSINESS GROWING STRONGLY, CHALLENGES IN HEAT TREATMENT
MARKET
    * Q3 NET SALES EUR 54.5 MILLION VERSUS EUR 23.0 MILLION YEAR
AGO
    * Q3 COMPARABLE EBITA WAS EUR 3.1 (1.6) MILLION,
    * Q3 ORDERS RECEIVED EUR 45.6 MILLION VERSUS EUR 21.7
MILLION YEAR
AGO
    * DESPITE WEAK DEVELOPMENT OF HEAT TREATMENT MACHINES
MARKET,
QUARTER WAS SATISFACTORY - CEO
    * SLOWDOWN IN HEAT TREATMENT MACHINES MARKET HAS CONTINUED
IN 2019
AND THIS WAS ALREADY Q2 OF A DIFFICULT MARKET - CEO
    * DEMAND FOR INSULATING GLASS MACHINES CONTINUED TO BE
STRONG AND
NUMBER OF ORDERS INCREASED
    * INTEGRATION OF BYSTRONIC GLASS WITH GLASTON HAS CONTINUED
WELL
AND WE HAVE SUCCEEDED IN COMBINING OUR OPERATIONS FASTER THAN
EXPECTED
    * CHALLENGES IN AUTOMOTIVE GLASS MARKET HAVE CONTINUED AND
SAME
TREND IS EXPECTED TO CONTINUE, AT LEAST IN SHORT TERM
    * GLASTON'S OUTLOOK FOR 2019 UNCHANGED

Source text for Eikon:  ID:nWkr47sfCb 
Further company coverage:  GLA1V.HE 

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