This release is a summary of Glaston Corporation‘s January-September 2021 interim report. The complete report is available here as a pdf-file. The release is also available on the company’s website here.
JULY–SEPTEMBER 2021 IN BRIEF
- Orders received totalled 45.4 (33.3) million EUR
- Net sales totalled 46.4 (35.9) million EUR
- Comparable EBITA was 3.2 (1.3) million EUR, i.e. 6.9 (3.6)% of net sales
- The operating result (EBIT) was 2.3 (-0.5) million EUR
- The comparable operating result (EBIT) was 2.1 (0.2) million EUR, i.e. 4.4 (0.5)% of net sales
- Items affecting comparability totalled 0.2 (-0.7) million EUR
- Comparable earnings per share were 0.019 (-0.005) EUR
- Cash flow from operating activities was -0.5 (0.6) million EUR
JANUARY–SEPTEMBER 2021 IN BRIEF
- Orders received totalled 158.5 (102.9) million EUR
- Net sales totalled 130.1 (131.8) million EUR
- Comparable EBITA was 7.6 (5.7) million EUR, i.e. 5.9 (4.3)% of net sales
- The operating result (EBIT) was 3.9 (0.2) million EUR
- The comparable operating result (EBIT) was 4.3 (2.3) million EUR, i.e. 3.3 (1.8)% of net sales
- Items affecting comparability totalled -0.3 (-2.1) million EUR
- Comparable earnings per share were 0.038 (0.012) EUR
- Cash flow from operating activities was 13.8 (-2.8) million EUR
GLASTON’S OUTLOOK FOR 2021 REMAINS UNCHANGED
From January−September, orders received saw a healthy recovery, indicating positive development for both the machines and services business throughout 2021. As anticipated, after the record high second-quarter order intake, order intake returned to pre-COVID-19 levels in the third quarter.
Glaston expects the heat treatment and insulating glass technology markets to continue to perform well during the rest of the year. In the short term, demand for automotive glass processing technology has shown some recovery but remains volatile due to structural changes and supply chain driven challenges in the market. Generally, there is higher than normal level of uncertainty associated with the outlook due to increased component prices and delivery times.
Based on the high order intake since the fourth quarter of 2020, Glaston Corporation estimates that its net sales in 2021 will improve from the level reported for 2020 and comparable EBITA will increase to 10.5−12.5 million EUR. In 2020, Group net sales totalled 170.1 million EUR and comparable EBITA was 7.7 million EUR.