Helsinki, Finland, 2016-08-09 14:50 CEST (GLOBE NEWSWIRE) -- GLASTON CORPORATION HALF YEAR FINANCIAL REPORT 9 AUGUST 2016 AT 15.50
Glaston Corporation corrects the typo in the word “stability” to “instability” in the outlook published in the Half Year Financial Report on 9 August 2016 at 13 p.m. The corrected sentence is: In Europe, a deterioration of the economic outlook and increased instability in the operating environment will be reflected in customers’ investment decisions. The corrected outlook in full below.
Outlook
In the second half of the year, the glass processing market is expected to remain challenging as economic uncertainty continues.
In Europe, a deterioration of the economic outlook and increased instability in the operating environment will be reflected in customers’ investment decisions. Despite this, Central and Eastern Europe offer growth opportunities. We expect stable development in the North American market. In South America, the market will remain quiet, particularly in Brazil. In the Asian market, we expect cautious growth.
Glaston expects 2016 net sales to be approximately EUR 105 – 110 million and the comparable operating profit to be approximately EUR 2 – 4 million. (In 2015 net sales were EUR 123.4 million and comparable operating profit was EUR 6.1 million).
The corrected Half Year Financial Report is enclosed to the release.
For further information, please contact:
Agneta Selroos
Communications Director
Glaston Corporation
Tel. 010 500 6105
Glaston Corporation
Glaston is a leading company in glass processing technologies. We provide high-quality heat treatment machines and services for architectural, solar, appliance and automotive applications. We are committed to our customers’ success over the entire lifecycle of our offering. Moreover, we continuously innovate and develop technologies to enable the glass processing industry to reach ever higher standards in quality and safety. Glaston’s shares (GLA1V) are listed on NASDAQ Helsinki Ltd. Further information is available at www.glaston.net
Distribution: NASDAQ Helsinki Ltd, key media, www.glaston.net
