Brief: Glaston Updates Financial Targets After Acquisition Of Bystronic Glass

Glaston Oyj Abp

06/05/2019 14:22

May 6 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * GLASTON REVIEWS ITS STRATEGY AND UPDATES FINANCIAL TARGETS
AS A
RESULT OF ITS ACQUISITION OF BYSTRONIC GLASS
    * REVIEWED ITS STRATEGY AND UPDATED ITS FINANCIAL TARGETS
FOR
STRATEGY PERIOD 2018-2021 AS A RESULT OF ITS ACQUISITION OF
BYSTRONIC GLASS
    * OUR OVERALL STRATEGIC GOAL REMAINS UNCHANGED
    * KEY GOALS:  PROFITABLY GROW CORE MACHINE SALES, DEVELOP
INTEGRATED LINE OFFERING AS WELL AS INCREASE DIGITALIZATION AND
LEVEL OF AUTOMATION IN PRODUCTS LEADING UP TO FULLY AUTOMATED
LINES
    * SEES COMPARABLE OPERATING MARGIN (EBITA)** ABOVE 8% AT END
OF
STRATEGY PERIOD. EBITA EXCLUDES AMORTIZATIONS OF PURCHASE PRICE
ALLOCATIONS
    * COMPARABLE RETURN ON CAPITAL EMPLOYED (ROCE)** OF MORE
THAN 14%
AT END OF PERIOD
    * TARGET FOR STRATEGY PERIOD: ANNUAL GROWTH OF NET SALES
EXCEEDING
MARKET GROWTH* (CAGR)

Source text for Eikon:  ID:nWkr7kgRbn 
Further company coverage:  GLA1V.HE 

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