Glaston Corporation comparable EBITA unlikely to improve in 2020
Glaston Corporation Inside information 20 March 2020 at 17.30
Due to the significant deterioration in the global financial situation following the coronavirus and the rapid changes in the company's business environment Glaston withdraws its guidance for the 2020 outlook, in which it expected the 2020 comparable EBITA to improve from the 2019 level.
Due to the weak visibility and high market volatility Glaston has decided to suspend its outlook for 2020. The company’s aim is to give an update on the outlook once a more reliable estimate on the
potential impact can be made.
For more information:
CFO Päivi Lindqvist, tel. + 358 10 500 500
Joséphine Mickwitz, Vice President, IR, Communications and Marketing, tel. +358 10 500 5070
Glaston is the glass processing industry’s innovative technology leader supplying equipment, services and solutions to the architectural, automotive, solar and appliance industries. The company also supports the development of emerging technologies integrating intelligence to glass.
As of April 2019, Bystronic glass is part of Glaston Group. Together we are committed to providing our clients with both the best know-how and the latest technologies in glass processing, with the purpose of building a better tomorrow through safer, smarter, and more energy efficient glass solutions. We operate globally with manufacturing, services and sales offices in 11 countries. Glaston’s shares (GLA1V) are listed on Nasdaq Helsinki Ltd.
Distribution: Nasdaq Helsinki, key media, www.glaston.net