Glaston Corporation publishes comparable financial information for its new reporting segments
GLASTON OYJ ABP Stock Exchange Release 24.11.2023 at 11.30 EET
In order to accelerate the execution of the strategy for the period 2021−2025, Glaston has reorganized the company structure. The intention of the organizational change is to enhance the customer experience with lifecycle solutions and improve operational excellence and efficiency.
The new company structure came into effect on October 1, 2023. Glaston has two Business Areas (BA): Architecture and Mobility, Display & Solar. The Architecture BA consists of flat tempering and laminating technologies and insulating glass technologies and related service business, and the Mobility, Display & Solar BA consists of pre-processing and heat treatment technologies and related service business for the mobility, display and solar glass markets.
The Group’s Business Areas Architecture and Mobility, Display & Solar are the same as the operating segments and the reporting segments. Unaudited comparable Q1/2022−Q3/2023 quarterly and full-year 2022 financial information for the new reportable segments and product areas is presented below.
GLASTON Q1/2022−Q3/2023 COMPARABLE FIGURES – QUARTERLY SEGMENT INFORMATION
|
Orders received |
7-9/ |
4-6/ |
1-3/ |
10-12/ |
7-9/ |
4-6/ |
1-3/ |
1-12/ |
|
EUR million |
|
|
|
|
|
|
|
|
|
Architecture |
41.8 |
43.6 |
42.0 |
40.1 |
73.1 |
50.0 |
47.9 |
211.2 |
|
Mobility, Display & Solar |
10.2 |
9.6 |
14.6 |
11.2 |
12.8 |
6.1 |
10.8 |
40.9 |
|
Total segments |
52.1 |
53.3 |
56.6 |
51.3 |
85.9 |
56.1 |
58.7 |
252.1 |
|
Unallocated and eliminations |
0.1 |
0.4 |
0.3 |
0.3 |
0.2 |
0.1 |
0.2 |
0.9 |
|
Total Glaston Group |
52.2 |
53.6 |
56.9 |
51.7 |
86.2 |
56.2 |
59.0 |
253.0 |
|
Order book |
30.9. |
30.6. |
31.3. |
31.12. |
30.9. |
30.6. |
31.3. |
31.12. |
|
EUR million |
|
|
|
|
|
|
|
|
|
Architecture |
99.7 |
101.9 |
123.7 |
128.4 |
130.6 |
92.8 |
81.3 |
128.4 |
|
Mobility, Display & Solar |
12.6 |
13.3 |
15.4 |
9.9 |
11.7 |
13.2 |
16.8 |
9.9 |
|
Total segments |
112.3 |
115.2 |
139.0 |
138.3 |
142.3 |
106.0 |
98.1 |
138.3 |
|
Unallocated and eliminations |
- |
- |
- |
- |
- |
- |
- |
- |
|
Total Glaston Group |
112.3 |
115.2 |
139.0 |
138.3 |
142.3 |
106.0 |
98.1 |
138.3 |
|
Net sales |
7-9/ |
4-6/ |
1-3/ |
10-12/ |
7-9/ |
4-6/ |
1-3/ |
1-12/ |
|
EUR million |
|
|
|
|
|
|
|
|
|
Architecture |
43.5 |
43.2 |
42.6 |
45.6 |
38.7 |
42.5 |
42.6 |
169.5 |
|
Mobility, Display & Solar |
9.8 |
11.6 |
8.4 |
13.9 |
9.0 |
10.8 |
9.5 |
43.1 |
|
Total segments |
53.4 |
54.8 |
51.0 |
59.5 |
47.7 |
53.3 |
52.1 |
212.6 |
|
Unallocated and eliminations |
0.1 |
0.4 |
0.3 |
0.3 |
0.2 |
0.1 |
0.2 |
0.9 |
|
Total Glaston Group |
53.5 |
55.2 |
51.3 |
59.8 |
47.9 |
53.5 |
52.3 |
213.5 |
|
Comparable EBITA |
7-9/ |
4-6/ |
1-3/ |
10-12/ |
7-9/ |
4-6/ |
1-3/ |
1-12/ |
|
EUR million |
|
|
|
|
|
|
|
|
|
Architecture |
4.0 |
3.3 |
3.3 |
3.9 |
1.6 |
3.1 |
3.3 |
11.9 |
|
Mobility, Display & Solar |
-0.1 |
0.0 |
-0.3 |
0.2 |
0.8 |
0.4 |
0.2 |
1.5 |
|
Total segments |
3.9 |
3.3 |
2.9 |
4.0 |
2.4 |
3.6 |
3.5 |
13.5 |
|
Unallocated and eliminations |
0.0 |
0.1 |
0.1 |
0.2 |
0.1 |
-0.1 |
-0.0 |
0.1 |
|
Total Glaston Group |
3.9 |
3.4 |
3.0 |
4.2 |
2.5 |
3.5 |
3.5 |
13.6 |
|
Comparable EBITA % |
7-9/ |
4-6/ |
1-3/ |
10-12/ |
7-9/ |
4-6/ |
1-3/ |
1-12/ |
|
|
|
|
|
|
|
|
|
|
|
Architecture |
9.2% |
7.6% |
7.7% |
8.4% |
4.2% |
7.3% |
7.9% |
7.0% |
|
Mobility, Display & Solar |
-1.4% |
0.2% |
-3.9% |
1.2% |
8.8% |
4.0% |
1.6% |
3.6% |
|
Total segments |
7.2% |
6.0% |
5.8% |
6.8% |
5.0% |
6.7% |
6.7% |
6.3% |
|
Unallocated and eliminations |
29.9% |
26.7% |
23.1% |
47.6% |
28.6% |
-36.1% |
-9.8% |
16.3% |
|
Total Glaston Group |
7.3% |
6.2% |
5.8% |
7.0% |
5.1% |
6.6% |
6.6% |
6.4% |
|
EBIT |
7-9/ |
4-6/ |
1-3/ |
10-12/ |
7-9/ |
4-6/ |
1-3/ |
1-12/ |
|
EUR million |
|
|
|
|
|
|
|
|
|
Architecture |
2.6 |
2.3 |
2.5 |
2.6 |
0.7 |
1.6 |
2.3 |
7.2 |
|
Mobility, Display & Solar |
-1.0 |
-0.5 |
-0.7 |
-0.3 |
0.4 |
0.2 |
-0.1 |
0.3 |
|
Total segments |
1.6 |
1.8 |
1.8 |
2.3 |
1.1 |
1.8 |
2.2 |
7.5 |
|
Unallocated and eliminations |
0.0 |
0.1 |
0.1 |
0.2 |
0.1 |
-0.1 |
-0.0 |
0.1 |
|
Total Glaston Group |
1.7 |
1.9 |
1.9 |
2.5 |
1.2 |
1.8 |
2.2 |
7.6 |
|
Orders received by product area |
7-9/ |
4-6/ |
1-3/ |
10-12/ |
7-9/ |
4-6/ |
1-3/ |
1-12/ |
|
EUR million |
|
|
|
|
|
|
|
|
|
Architectural Tempering and Laminating Technologies |
6.1 |
16.2 |
12.1 |
13.5 |
12.8 |
15.3 |
14.2 |
55.7 |
|
Insulating Glass Technologies |
22.9 |
14.4 |
16.4 |
12.3 |
48.6 |
20.0 |
18.4 |
99.3 |
|
Mobility, Display & Solar Technologies |
4.8 |
5.2 |
9.6 |
7.0 |
8.6 |
1.7 |
7.3 |
24.6 |
|
Services |
18.2 |
17.5 |
18.5 |
18.5 |
16.0 |
19.2 |
18.8 |
72.5 |
|
Unallocated and eliminations |
0.1 |
0.4 |
0.3 |
0.3 |
0.2 |
0.1 |
0.2 |
0.9 |
|
Total Glaston Group |
52.2 |
53.6 |
56.9 |
51.7 |
86.2 |
56.2 |
59.0 |
253.0 |
|
Order book by product area |
7-9/ |
4-6/ |
1-3/ |
10-12/ |
7-9/ |
4-6/ |
1-3/ |
1-12/ |
|
EUR million |
|
|
|
|
|
|
|
|
|
Architectural Tempering and Laminating Technologies |
36.4 |
42.3 |
42.2 |
45.4 |
43.8 |
36.2 |
35.0 |
45.4 |
|
Insulating Glass Technologies |
58.6 |
53.1 |
75.7 |
77.9 |
80.1 |
48.1 |
39.7 |
77.9 |
|
Mobility, Display & Solar Technologies |
11.8 |
12.2 |
14.2 |
8.6 |
10.0 |
11.2 |
14.4 |
8.6 |
|
Services |
5.4 |
7.6 |
6.9 |
6.4 |
8.4 |
10.5 |
9.1 |
6.4 |
|
Unallocated and eliminations |
- |
- |
- |
- |
- |
- |
- |
- |
|
Total Glaston Group |
112.3 |
115.2 |
139.0 |
138.3 |
142.3 |
106.0 |
98.1 |
138.3 |
|
Net sales by product area |
7-9/ |
4-6/ |
1-3/ |
10-12/ |
7-9/ |
4-6/ |
1-3/ |
1-12/ |
|
EUR million |
|
|
|
|
|
|
|
|
|
Architectural Tempering and Laminating Technologies |
11.4 |
13.3 |
15.0 |
12.3 |
9.7 |
15.6 |
14.3 |
51.9 |
|
Insulating Glass Technologies |
17.3 |
17.5 |
14.8 |
18.4 |
15.1 |
14.7 |
14.9 |
63.1 |
|
Mobility, Display & Solar Technologies |
4.7 |
7.2 |
3.7 |
9.0 |
4.2 |
6.2 |
5.5 |
24.9 |
|
Services |
20.9 |
17.2 |
18.0 |
21.1 |
19.2 |
17.7 |
18.3 |
76.4 |
|
Unallocated and eliminations |
-0.7 |
0.1 |
-0.1 |
-1.0 |
-0.3 |
-0.8 |
-0.7 |
-2.8 |
|
Total Glaston Group |
53.5 |
55.2 |
51.3 |
59.8 |
47.9 |
53.5 |
52.3 |
213.5 |
For further information, please contact:
Chief Financial Officer Päivi Lindqvist, tel. +358 10 500 500
Glaston Corporation
Pia Posio
VP, Marketing, Communications and IR
Tel. +358 10 500 500
Glaston in brief
Glaston is the glass processing industry’s innovative technology leader supplying equipment, services and solutions to the architectural, mobility, display and solar industries. The company also supports the development of new technologies integrating intelligence to glass.
Glaston is committed to providing its 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. Glaston operates globally with manufacturing, services and sales offices in nine countries and its shares (GLA1V) are listed on Nasdaq Helsinki Ltd.
Distribution: Nasdaq OMX, key media, www.glaston.net