Glaston’s revised strategy and financial targets

In addition, the company is seeking to grow particularly in tools (consumables relating to pre-processing machines) and in services covering the entire lifecycle of products.

Towards the end of 2012 and during the first quarter of 2013, Glaston implemented a series of measures that improved the company’s financial position. As a result of these measures, Glaston’s financial base has been stabilised and the company can focus on its business development. The financial targets underlying Glaston’s strategy will run until 2016.

Glaston’s financial targets for the period are:

- Growth in net sales of over 8% (CAGR)

- Operating profit margin (EBIT) over 6%

- Return on capital employed (ROCE) over 10%

Further information: President & CEO Arto Metsänen, tel. +358 10 500 500

GLASTON CORPORATION

Agneta Selroos

Director, Communications and Marketing

 

Glaston Corporation

Glaston is a global company developing glass processing technology for architectural, solar, appliance and automotive applications. Our product portfolio ranges from pre-processing and safety glass machines to services. We are dedicated to our customers’ continued success and provide services for all glass processing needs with a lifecycle-long commitment in mind. For more information, please visit www.glaston.net. Glaston’s share (GLA1V) is listed on the NASDAQ OMX Helsinki Small Cap List.