Brief: Glaston Sets Medium-Term Strategic Targets

Glaston Oyj Abp

15/02/2024 06:36

Feb 15 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * GLASTON SETS MEDIUM-TERM STRATEGIC TARGETS
    * UPDATED TARGET FOR COMPARABLE RETURN ON CAPITAL EMPLOYED
(ROCE)
IS ABOVE 16%
    * TARGET FOR COMPARABLE OPERATING MARGIN (EBITA) OF 10%
REMAINS
UNCHANGED
    * CURRENTLY ESTIMATES ANNUAL ADDRESSABLE EQUIPMENT MARKET
GROWTH
FOR ARCHITECTURAL GLASS PROCESSING TO GRADUALLY RECOVER FROM -6%
IN 2023 BACK TO ABOUT 5% DURING 2025−2026
    * NEED TO EXPAND PRODUCTION CAPACITY OF INSULATING GLASS
LINES
WILL BE REVIEWED BY END OF 2024

Source text for Eikon:  ID:nWkr91dzvm 
Further company coverage:  GLA1V.HE 

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