Glaston Oyj Abp - Company Announcement

Glaston adjusts its outlook for 2012

Helsinki, Finland, 2012-10-19 15:15 CEST (GLOBE NEWSWIRE) -- Glaston
Corporation  Stock Exchange Release 19 October 2012 at 16.15  (EET) 

Glaston adjusts its outlook for 2012
On 19 October 2012, Glaston published a stock exchange release in which the
company reported that it is negotiating on divesting its Software Solutions
business area. Because of this, Glaston reclassifies the Software Solutions
business area as held for sale and the business areas' result in discontinued
operations and not in the operating result for continuing operations. As a
result, Glaston is adjusting its outlook for 2012. 

Glaston expects net sales for 2012 for continuing operations to be on the same
level as in 2011 (continuing operations 2011: EUR 119.6 million). The operating
result excluding non- recurring items for continuing operations is expected to
be a slight loss (continuing operations excluding non-recurring items 2011: EUR
-3.2 million). Glaston's continuing operations include the Machines and
Services business areas. 

In an earlier release published on 8 August 2012, Glaston reported that it
expected 2012 net sales to be at least on the 2011 level and the operating
result excluding non-recurring items to be positive. This operating result
included Software Solutions business area's operating result. 

Glaston will continue to take measures to improve its balance sheet.


Further information:
President & CEO Arto Metsänen, tel. +358 10 500 500
Chief Financial Officer Sasu Koivumäki, 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 portfolio
ranges from pre-processing and safety glass machines to software solutions and
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. 




Distribution: NASDAQ OMX, media, www.glaston.net