2014-04-11 11:00:00 CEST
2014-04-11 11:00:02 CEST
REGULATED INFORMATION
Glaston Oyj Abp - Company Announcement
GLASTON’S NEW SEGMENTS
Helsinki, Finland, 2014-04-11 11:00 CEST (GLOBE NEWSWIRE) -- GLASTON
CORPORATION Stock Exchange Release 11.4.2014 at 12.00
GLASTON'S NEW SEGMENTS
To enable a more efficient customer service Glaston announced in December 2013
that it transfers the sales and manufacturing of tools from the Machines
segment to the Services segment on 1 January 2014.
Glaston's reportable segments are Machines and Services.
The Machines segment is divided into two operating segments: Heat Treatment,
which comprises manufacturing and sale of glass tempering, bending and
laminating machines and Pre-processing, which comprises manufacturing and sale
of glass pre-processing machines.
The Services segment includes maintenance and service of glass processing
machines and sale of spare parts and upgrades as well as sale and manufacturing
of tools.
The company's internal and external reporting has been changed from the
beginning of 2014 to reflect the new segment structure. The information in
accordance of Glaston's new segments are presented in the tables below.
Glaston's January - March interim report, that is published on 23 April 2014,
will be reported in accordance with the new segment structure.
SEGMENTS
CONTINUING OPERATIONS
Machines
EUR million 1-3/ 1-6/ 1-9/ 1-12/
2013 2013 2013 2013
--------------------------------------------------------------------------------
External sales 17,0 41,3 58,3 84,2
Intersegment sales 0,0 0,0 0,0 0,0
--------------------------------------------------------------------------------
Net sales 17,0 41,3 58,3 84,3
EBIT excluding non-recurring items -0,4 0,8 0,7 2,4
--------------------------------------------------------------------------------
EBIT-%, excl. non-recurring items -2,3 2,0 1,2 2,9
Non-recurring items 0,0 0,0 0,0 0,0
--------------------------------------------------------------------------------
EBIT -0,4 0,8 0,7 2,4
EBIT-% -2,3 2,0 1,2 2,9
Net working capital 22,3 20,6 19,7 17,1
--------------------------------------------------------------------------------
Number of personnel, average 345 348 347 346
Number of personnel, end of period 351 345 344 343
--------------------------------------------------------------------------------
Services
EUR million 1-3/ 1-6/ 1-9/ 1-12
2013 2013 2013 /2013
--------------------------------------------------------------------------------
External sales 9,4 18,1 27,5 37,3
Intersegment sales 0,5 0,7 1,0 1,3
--------------------------------------------------------------------------------
Net sales 9,8 18,8 28,5 38,6
EBIT excluding non-recurring items 1,2 2,2 3,6 5,2
--------------------------------------------------------------------------------
EBIT-%, excl. non-recurring items 12,4 11,8 12,5 13,4
Non-recurring items 0,0 0,0 0,0 0,0
--------------------------------------------------------------------------------
EBIT 1,2 2,2 3,6 5,2
EBIT-% 12,4 11,8 12,5 13,4
Net working capital 28,8 31,9 30,8 30,1
--------------------------------------------------------------------------------
Number of personnel, average 237 236 234 233
Number of personnel, end of period 237 235 229 227
--------------------------------------------------------------------------------
Glaston Group
Net sales
--------------------------------------------
EUR million 1-3/ 1-6/ 1-9/ 1-12/
2013 2013 2013 2013
--------------------------------------------------------------------------------
Machines 17,0 41,3 58,3 84,3
Services 9,8 18,8 28,5 38,6
Other and intersegment sales -0,4 -0,1 -0,4 -0,6
Glaston Group total 26,4 60,1 86,4 122,2
--------------------------------------------------------------------------------
EBIT
EUR million 1-3/201 1-6/201 1-9/201 1-12/201
3 3 3 3
--------------------------------------------------------------------------------
Machines -0,4 0,8 0,7 2,4
Services 1,2 2,2 3,6 5,2
Other and eliminations -1,2 -2,3 -4,0 -5,5
EBIT excluding non-recurring items -0,4 0,7 0,3 2,1
--------------------------------------------------------------------------------
Non-recurring items 3,7 3,8 3,7 3,7
EBIT, continuing operations 3,4 4,5 4,0 5,9
--------------------------------------------------------------------------------
Net financial items 2,3 0,9 0,0 -1,0
--------------------------------------------------------------------------------
Result before income taxes from continuing 5,7 5,4 4,0 4,9
operations
Income taxes from continuing operations -1,0 -1,1 -1,0 -3,6
Result from continuing operations 4,7 4,3 3,0 1,3
--------------------------------------------------------------------------------
Net discontinued operations 0,0 0,0 0,0 0,0
Net result 4,7 4,3 3,0 1,3
--------------------------------------------------------------------------------
Number of personnel, average 592 595 593 590
Number of personnel, end of period 598 592 585 581
--------------------------------------------------------------------------------
Segment assets
--------------------------------------------
EUR million 1-3/201 1-6/201 1-9/201 1-12/201
3 3 3 3
--------------------------------------------------------------------------------
Machines 63,6 59,7 58,6 56,1
Services 40,1 39,4 38,2 37,8
Total segments 103,7 99,2 96,9 93,9
--------------------------------------------------------------------------------
Unallocated and eliminations and 5,4 5,4 5,1 4,9
adjustments
Total segment assets 109,1 104,6 101,9 98,8
--------------------------------------------------------------------------------
Other assets 29,2 25,7 26,1 26,8
Total assets 138,3 130,2 128,0 125,6
--------------------------------------------------------------------------------
Segment liabilities
--------------------------------------
EUR million 1-3/2013 1-6/2013 1-9/2013 1-12/2013
--------------------------------------------------------------------------------
Machines 41,3 39,2 39,0 39,0
Services 11,3 7,5 7,4 7,7
Total segments 52,6 46,7 46,4 46,7
--------------------------------------------------------------------------------
Unallocated and eliminations and 2,0 1,9 1,9 1,9
adjustments
Total segment liabilities 54,6 48,7 48,3 48,6
--------------------------------------------------------------------------------
Other liabilities 30,1 27,9 27,3 26,3
Total liabilities 84,7 76,5 75,7 74,9
--------------------------------------------------------------------------------
Net working capital
--------------------------------------
EUR million 1-3/2013 1-6/2013 1-9/2013 1-12/2013
--------------------------------------------------------------------------------
Machines 22,3 20,6 19,7 17,1
Services 28,8 31,9 30,8 30,1
Total segments 51,1 52,5 50,5 47,2
--------------------------------------------------------------------------------
Unallocated and eliminations and 3,4 3,4 3,1 2,9
adjustments
Total Glaston Group 54,5 55,9 53,6 50,2
--------------------------------------------------------------------------------
SEGMENTS BY QUARTERS
Continuing operations
Machines
EUR million 10-12/2013 7-9/2013 4-6/2013 1-3/2013
--------------------------------------------------------------------------------
External sales 26,0 16,9 24,3 17,0
Intersegment sales 0,0 0,0 0,0 0,0
--------------------------------------------------------------------------------
Net sales 26,0 16,9 24,3 17,0
EBIT excluding non-recurring items 1,8 -0,1 1,2 -0,4
--------------------------------------------------------------------------------
EBIT-%, excl. non-recurring items 6,8 -0,9 5,0 -2,3
Non-recurring items 0,0 0,0 0,0 0,0
--------------------------------------
EBIT 1,8 -0,1 1,2 -0,4
--------------------------------------------------------------------------------
EBIT-% 6,8 -0,9 5,0 -2,3
--------------------------------------------------------------------------------
Services
EUR million 10-12/2013 7-9/2013 4-6/2013 1-3/2013
--------------------------------------------------------------------------------
External sales 9,8 9,4 8,8 9,4
Intersegment sales 0,3 0,3 0,3 0,5
--------------------------------------------------------------------------------
Net sales 10,1 9,6 9,0 9,8
EBIT excluding non-recurring items 1,6 1,3 1,0 1,2
--------------------------------------------------------------------------------
EBIT-%, excl. non-recurring items 16,1 13,9 11,2 12,4
Non-recurring items - - - 0,0
--------------------------------------
EBIT 1,6 1,3 1,0 1,2
--------------------------------------------------------------------------------
EBIT-% 16,1 13,9 11,2 12,4
--------------------------------------------------------------------------------
Net sales
EUR million 10-12/2013 7-9/2013 4-6/2013 1-3/2013
--------------------------------------------------------------------------------
Machines 26,0 16,9 24,3 17,0
Services 10,1 9,6 9,0 9,8
Other and intersegment sales -0,2 -0,3 0,3 -0,4
Glaston Group total 35,9 26,3 33,7 26,4
--------------------------------------------------------------------------------
EBIT
EUR million 10-12/2013 7-9/2013 4-6/2013 1-3/2013
--------------------------------------------------------------------------------
Machines 1,8 -0,1 1,2 -0,4
Services 1,6 1,3 1,0 1,2
Other and eliminations -1,5 -1,6 -1,2 -1,2
EBIT excluding non-recurring items 1,9 -0,4 1,1 -0,4
--------------------------------------------------------------------------------
Non-recurring items 0,0 0,0 0,0 3,7
--------------------------------------------
EBIT 1,9 -0,4 1,1 3,4
--------------------------------------------------------------------------------
Order book (continuing operations) 31.12.2013 30.9.2013 30.6.2013 31.3.2013
--------------------------------------------------------------------------------
Machines 38,0 40,0 32,2 37,8
Services 1,1 2,0 1,6 1,6
Total Glaston Group 39,1 42,0 33,8 39,4
--------------------------------------------------------------------------------
Order intake (continuing
operations)
EUR million 1-3/2013 1-6/2013 1-9/2013 1-12/2013
--------------------------------------------------------------------------------
Machines 19,2 37,5 62,0 86,2
Services 9,6 18,3 28,0 37,1
Total Glaston Group 28,8 55,8 90,0 123,3
--------------------------------------------------------------------------------
Order intake (continuing
operations)
EUR million 10-12/2013 7-9/2013 4-6/2013 1-3/2013
--------------------------------------------------------------------------------
Machines 24,1 24,5 18,2 19,2
Services 9,2 9,7 8,7 9,6
Total Glaston Group 33,3 34,2 26,9 28,8
--------------------------------------------------------------------------------
For more information please contact Glaston Corporation, CFO, Sasu Koivumäki,
phone +358 10 500 500.
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 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 Helsinki, key media, www.glaston.net
© 2024 Nasdaq, Inc. All Rights Reserved |