Glaston’s Financial Statements Bulletin 1 January – 31 December 2021

Date: 14 February 2022
Source: glaston.net
Glaston’s Financial Statements Bulletin 1 January – 31 December 2021
Photo source
glaston.net

Date: 14 February 2022

A strong fourth quarter with new orders up by 13%

This release is a summary of Glaston Corporation's financial statements bulletin for 2021. The complete report is attached to this release as a pdf-file. The stock exchange release is also available on the company's website at the address www.glaston.net.

OCTOBER–DECEMBER 2021 IN BRIEF

  • Orders received totaled EUR 59.1 (52.1) million
  • Net sales totaled EUR 52.6 (38.3) million
  • Comparable EBITA was EUR 3.5 (2.1) million, i.e. 6.6 (5.4)% of net sales
  • The operating result (EBIT) was EUR 1.2 (-0.7) million
  • The comparable operating result (EBIT) was EUR 2.3 (0.9) million, i.e. 4.4 (2.4)% of net sales
  • Items affecting comparability totaled EUR -1.2 (-1.6) million
  • Comparable earnings per share were EUR 0.023 (0.001)
  • Cash flow from operating activities was EUR 5.5 (3.5) million

JANUARY–DECEMBER 2021 IN BRIEF

  • Orders received totaled EUR 216.2 (153.5) million
  • Net sales totaled EUR 182.7 (170.1) million
  • Comparable EBITA was EUR 11.1 (7.7) million, i.e. 6.1 (4.6)% of net sales
  • The operating result (EBIT) was EUR 5.1 (-0.5) million
  • The comparable operating result (EBIT) was EUR 6.6 (3.2) million, i.e. 3.6 (1.9)% of net sales
  • Items affecting comparability totaled EUR -1.5 (-3.8) million
  • Comparable earnings per share were EUR 0.060 (0.013)
  • Cash flow from operating activities was EUR 19.3 (0.7) million
  • The Board of Directors proposes a capital repayment of EUR 0.03 per share

GLASTON’S OUTLOOK FOR 2022

 

In 2021, Glaston’s markets saw a continued recovery and strong growth. We expect positive development to continue in 2022 with good progress for both machines and services business. At the start of 2022, our order backlog was 48% higher than the previous year providing a strong starting point for 2022 and supporting Glaston’s net sales and profitability development. In 2022, Glaston will focus on the execution of its strategy which will incur costs and capital expenditure ahead of the effect on revenue growth. As the COVID-19 pandemic continues and supply chain disturbances have become a longer-term challenge, a higher than normal uncertainty is related to the development of economic activity and customers’ investments.  

Glaston Corporation estimates that its net sales and comparable EBITA will improve in 2022 from the levels reported for 2021. In 2021, Group net sales totaled EUR 182.7 million and comparable EBITA was EUR 11.1 million.

MORE>>

600450 Glaston’s Financial Statements Bulletin 1 January – 31 December 2021 glassonweb.com

See more news about:

Others also read

This video presents the insulating glass line Glaston ULTRA, a unique line configuration, and Glaston's patented process sequence enabling the processing of center glass as thin as 0.5 mm in triple insulating glass units.
Glaston and HEGLA will supply Glassworks with Glaston’s TPS® insulating glass line and HEGLA’s glass sorting equipment, supporting the company in increasing automation and meeting the tighter construction quality standards locally.
Glaston is taking proactive steps to adapt to ongoing market challenges and ensure long-term competitiveness.
Glaston Corporation’s Annual Review 2024 has today been published in Finnish and English on the company’s internet pages at www.glaston.net.
Şişecam, a global player in the glass and chemicals industries met with its investors at its 89th Annual General Assembly to share its financial and operational results.
The AIA/Deltek Architecture Billings Index (ABI) continues to weaken posting a score of 45.5 for February, indicating that a majority of firms are still experiencing declining firm billings.

Add new comment

From industry

NEWS RELATED PRODUCTS

Glaston Corporation
Glaston Corporation
Glaston Corporation