Glaston Oyj Abp - Half Year financial report

CORRECTION: Glaston Half Year Financial Report 1 January – 30 June 2016: typo in outlook corrected

Helsinki, Finland, 2016-08-09 14:50 CEST (GLOBE NEWSWIRE) -- GLASTON
CORPORATION           HALF YEAR FINANCIAL REPORT   9 AUGUST 2016 AT 15.50 

Glaston Corporation corrects the typo in the word “stability” to “instability”
in the outlook published in the Half Year Financial Report on 9 August 2016 at
13 p.m. The corrected sentence is: In Europe, a deterioration of the economic
outlook and increased instability in the operating environment will be
reflected in customers’ investment decisions. The corrected outlook in full
below. 


Outlook
In the second half of the year, the glass processing market is expected to
remain challenging as economic uncertainty continues. 

In Europe, a deterioration of the economic outlook and increased instability in
the operating environment will be reflected in customers’ investment decisions.
Despite this, Central and Eastern Europe offer growth opportunities. We expect
stable development in the North American market. In South America, the market
will remain quiet, particularly in Brazil. In the Asian market, we expect
cautious growth. 

Glaston expects 2016 net sales to be approximately EUR 105 – 110 million and
the comparable operating profit to be approximately EUR 2 – 4 million. (In 2015
net sales were EUR 123.4 million and comparable operating profit was EUR 6.1
million). 

The corrected Half Year Financial Report is enclosed to the release.





For further information, please contact:
Agneta Selroos
Communications Director
Glaston Corporation
Tel. 010 500 6105


Glaston Corporation
Glaston is a leading company in glass processing technologies. We provide
high-quality heat treatment machines and services for architectural, solar,
appliance and automotive applications. We are committed to our customers’
success over the entire lifecycle of our offering. Moreover, we continuously
innovate and develop technologies to enable the glass processing industry to
reach ever higher standards in quality and safety. Glaston’s shares (GLA1V) are
listed on NASDAQ Helsinki Ltd. Further information is available at
www.glaston.net 

Distribution: NASDAQ Helsinki Ltd, key media, www.glaston.net

Attachments:

Glaston Half Year Financial Report 2.pdf