NET SALES AND OPERATING PROFIT 2002 OF Z

KYRO CORPORATION STOCK EXCHANGE RELEASE 12 March 2003 at 16.00

NET SALES AND OPERATING PROFIT 2002 OF Z. BAVELLONI AND
GLASTO ACQUIRED BY KYRO

On 20 January 2003, Kyro Corporation acquired all the shares of
Z. Bavelloni Immobiliare S.p.A. in Italy and Glasto Holding
B.V. in the Netherlands in accordance with the terms and
conditions agreed in December 2002. The 2002 financial
statements of the Z. Bavelloni and Glasto groups have now been
completed and consolidated in accordance with local accounting
standards.

The consolidated net sales of Z. Bavelloni and Glasto in 2002
amounted to EUR 87.1 million (EUR 89.9 million in 2001).
Consolidated operating profit in 2002 amounted to EUR 7.1
million (EUR 8.9 million in 2001), corresponding to 8.2% (9.3%
in 2001) of net sales. The slight decrease in net sales and
operating profit in euro was mostly due to the weakening of the
U.S. dollar.

Z. Bavelloni and Glasto figures will be consolidated as part of
Kyro’s Glass and Stone Technology business area starting from 1
January 2003. Kyro’s next interim report for the period from
January to March 2003 will be published on 7 May 2003. The
interim report will include key comparison figures from 2002
for the Glass and Stone Technology business area, Glaston
Technologies.


KYRO CORPORATION


Veli Kronqvist
Chief Financial Officer


Additional information:
Mr. Veli Kronqvist, CFO, Kyro Corporation, tel. +358 (0)3
372 3100

Investor relations:
Kyro Corporation, Mr. Mika Nevalainen, VP, Corporate
Communications, tel. +358 (0)3 372 3100

IR pages on the Web site
www.kyro.fi

Distribution:      The Helsinki Stock Exchange
                   Central media

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