Brief: Glaston Specifies Outlook For 2023 Comparable EBITA

Glaston Oyj Abp

01/08/2023 11:21

Aug 1 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * GLASTON'S HALF-YEAR FINANCIAL REPORT JANUARY─JUNE 2023:
SECOND-QUARTER ORDER INTAKE AND PROFITABILITY HOLDING UP
    * ESTIMATES THAT ITS NET SALES WILL INCREASE IN 2023 FROM
LEVELS
REPORTED FOR 2022
    * SPECIFIES ITS OUTLOOK FOR 2023 COMPARABLE EBITA, WHICH IS
ESTIMATED TO INCREASE TO EUR 13.7−15.7 MILLION
    * CO'S NET SALES AND PROFITABILITY DEVELOPMENT IN 2023
CONTINUE TO
BE SUPPORTED BY A HEALTHY ORDER BACKLOG
    * DESPITE SOFTENING OF ARCHITECTURAL MARKET, ESPECIALLY IN
EUROPE,
SECOND-QUARTER MARKET ACTIVITY WAS LARGELY IN LINE WITH OUR
EXPECTATIONS AND OUR ORDER INTAKE TOTALED EUR 53.6 MILLION DOWN
5% FROM PREVIOUS YEAR
    * WEAKENING MARKET SENTIMENT AFFECTED SERVICES BUSINESS IN
EMEA
AND CHINA, IN PARTICULAR

Source text for Eikon:  ID:nWkr7LTxCZ 
Further company coverage:  GLA1V.HE 

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