Glaston adjusts its outlook for 2012
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