Glaston’s revised strategy and financial targets

Date: 11 September 2013

Glaston has updated its strategic guidelines and financial targets for the period 2013–2016. Glaston’s goal is to deliver profitable growth through innovation and technology leadership in selected product groups, while at the same time ensuring the best customer benefit and experience in the industry. The safety glass market, which is Glaston’s main field of business, is expected to grow by nearly 7% per year up to 2017.

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.

600450

Glaston Corporation

2013-09-11T13:00:00

Glaston’s revised strategy and financial targets glassonweb.com

Others also read

MORE...

Glaston publishes the January–March 2025 Interim Report

Glaston Corporation will publish its January–March 2025 Interim Report on Tuesday May 6, 2025 at around 8.30 a.m. Finnish time.

Glaston ULTRA TPS® insulating glass line

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.

From the left: Christoph Sedtke from HEGLA, Kimmo Kuusela & Sasu Koivumäki from Glaston, Peter Schiavello, Michael Kruger & Michael Gleeson from Glassworks, Jochen H. Hesslebach from HEGLA and Sandro Ianni from Glaston (Elegant IG)

Glassworks relies on Glaston and HEGLA partnership

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.