Brief: Glaston Q4 Orders Received Fall To EUR 51.7 Million

Glaston Oyj Abp

09/02/2023 06:44

Feb 9 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * Q4 ORDERS RECEIVED EUR 51.7 MILLION VERSUS EUR 59.1
MILLION YEAR
AGO
    * IN 2023, GLASTON EXPECTS OVERALL MARKET ACTIVITY TO REMAIN
AT A
GOOD LEVEL DESPITE SOME REGIONAL DIFFERENCES
    * EXPECTS DEMAND TO CONTINUE STRONG, WHEREAS IN CHINA,
PROSPECTS
OF ARCHITECTURAL MARKET ARE UNCERTAIN
    * HIGHER-THAN-NORMAL UNCERTAINTY IS RELATED TO DEVELOPMENT
OF
ECONOMIC ACTIVITY AND CUSTOMERS' INVESTMENTS.
    * ESTIMATES THAT ITS NET SALES AND COMPARABLE EBITA WILL
IMPROVE
IN 2023 FROM LEVELS REPORTED FOR 2022
    * EXPECTS Q1 OF 2023 TO BE WEAKEST OF YEAR, ADDITIONALLY
IMPACTED
BY LOW UPGRADE NET SALES AND A HIGHER SHARE OF NEW PRODUCTS

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