Glaston Corporation publishes comparable financial information for its re-organized reporting segments
GLASTON OYJ ABP Stock Exchange release 18.3.2021 at 9.00
In January 2020, Glaston announced its new group structure with business areas Glaston Heat Treament Technologies, Glaston Insulating Glass Technologies and Glaston Automotive & Emerging Technologies.
As of 1 January 2021, the Emerging Technologies operations have been re-organized and are part of the regional sales structure. As of the same date Glaston’s business areas are Glaston Heat Treatment Technologies, Glaston Insulating Glass Technologies and Glaston Automotive & Display Technologies.
The company’s reporting segments consist of each business area together with its respective service business. Depending on the technology focus in question, the Emerging Technologies projects are reported in Heat Treatment Technologies, Insulating Glass Technologies or Automotive & Display Technologies. As a result of this change, single projects from 2020 as well as a small amount of fixed costs earlier reported in Automotive & Emerging Technologies segment are transferred to the Heat Treatment segment. The effect on order book, net sales and EBIT reported for the segments in 2020 is therefore minor.
Unaudited comparable 2020 quarterly and full year financial information for the new reporting segments and product areas is presented below.
GLASTON 2020 COMPARABLE FIGURES - QUARTERLY SEGMENT INFORMATION
| Orders received | |||||||
| EUR million | 1-3/2020 | 4-6/2020 | 7-9/2020 | 10-12/2020 | 1-12/2020 | ||
| Heat Treatment | 19.7 | 8.7 | 7.6 | 20.7 | 56.1 | ||
| Insulating Glass | 21.2 | 11.5 | 21.6 | 22.2 | 75.7 | ||
| Automotive & Display | 4.2 | 3.6 | 3.8 | 8.8 | 20.2 | ||
| Total segments | 45.2 | 23.8 | 33.1 | 51.6 | 152.1 | ||
| Unallocated and eliminations | 0.5 | 0.2 | 0.3 | 0.5 | 1.4 | ||
| Total Glaston Group | 45.6 | 24.0 | 33.3 | 52.1 | 153.5 | ||
| Order book | ||||||
| EUR million | 31.3.2020 | 30.6.2020 | 30.9.2020 | 31.12.2020 | ||
| Heat Treatment | 36.2 | 29.5 | 26.7 | 31.4 | ||
| Insulating Glass | 29.7 | 15.7 | 18.9 | 26.1 | ||
| Automotive & Display | 10.0 | 3.7 | 2.1 | 6.5 | ||
| Total segments | 75.9 | 48.9 | 47.6 | 63.9 | ||
| Unallocated and eliminations | 0.6 | 0.2 | 0.2 | 0.0 | ||
| Total Glaston Group | 76.4 | 49.1 | 47.8 | 63.9 | ||
| Net sales | |||||||||||
| EUR million | 1-3/2020 | 4-6/2020 | 7-9/2020 | 10-12/2020 | 1-12/2020 | ||||||
| Heat Treatment | 19.3 | 15.1 | 12.6 | 14.9 | 61.6 | ||||||
| Insulating Glass | 22.4 | 24.1 | 17.4 | 18.0 | 81.9 | ||||||
| Automotive & Display | 4.2 | 9.5 | 5.7 | 4.9 | 24.6 | ||||||
| Total segments | 46.0 | 48.7 | 35.6 | 37.9 | 168.2 | ||||||
| Unallocated and eliminations | 1.0 | 0.2 | 0.3 | 0.4 | 1.9 | ||||||
| Total Glaston Group | 46.9 | 48.9 | 35.9 | 38.3 | 170.1 | ||||||
| Comparable EBITA | ||||||||||||
| EUR million | 1-3/2020 | 4-6/2020 | 7-9/2020 | 10-12/2020 | 1-12/2020 | |||||||
| Heat Treatment | 0.6 | 0.5 | 0.2 | 0.8 | 2.0 | |||||||
| Insulating Glass | 2.4 | 2.0 | 1.2 | 1.6 | 7.3 | |||||||
| Automotive & Display | -1.0 | - 0.1 | - 0.0 | - 0.5 | - 1.6 | |||||||
| Total segments | 2.0 | 2.4 | 1.4 | 1.9 | 7.6 | |||||||
| Unallocated and eliminations | 0.1 | - 0.0 | - 0.1 | 0.1 | 0.1 | |||||||
| Total Glaston Group | 2.0 | 2.3 | 1.3 | 2.1 | 7.7 | |||||||
| Comparable EBIT | ||||||||
| EUR million | 1-3/2020 | 4-6/2020 | 7-9/2020 | 10-12/2020 | 1-12/2020 | |||
| Heat Treatment | 0.2 | 0.1 | - 0.3 | 0.4 | 0.4 | |||
| Insulating Glass | 1.9 | 1.5 | 0.7 | 1.1 | 5.2 | |||
| Automotive & Display | -1.2 | -0.3 | -0.2 | -0.7 | -2.5 | |||
| Total segments | 0.9 | 1.2 | 0.2 | 0.8 | 3.1 | |||
| Unallocated and eliminations | 0.1 | -0.0 | -0.1 | 0.1 | 0.1 | |||
| Total Glaston Group | 0.9 | 1.2 | 0.2 | 0.9 | 3.2 | |||
| Operating result (EBIT) | ||||||||
| EUR million | 1-3/2020 | 4-6/2020 | 7-9/2020 | 10-12/2020 | 1-12/2020 | |||
| Heat Treatment | -0.1 | -0.0 | -0.5 | -0.6 | -1.2 | |||
| Insulating Glass | 1.4 | 1.0 | 0.4 | 0.7 | 3.6 | |||
| Automotive & Display | -1.3 | -0.4 | -0.4 | -0.9 | -3.0 | |||
| Total segments | 0.1 | 0.6 | -0.5 | -0.8 | -0.6 | |||
| Unallocated and eliminations | 0.1 | -0.0 | -0.0 | 0.1 | 0.1 | |||
| Total Glaston Group | 0.1 | 0.6 | -0.5 | -0.7 | -0.5 | |||
| Orders received by product area | |||||||
| EUR million | 1-3/2020 | 4-6/2020 | 7-9/2020 | 10-12/2020 | 1-12/2020 | ||
| Heat Treatment Technologies | 13.2 | 5.4 | 2.5 | 13.9 | 34.1 | ||
| Insulating Glass Technologies | 15.8 | 6.7 | 15.7 | 15.9 | 56.3 | ||
| Automotive & Display Technologies | 0.7 | 1.7 | 0.7 | 4.5 | 7.3 | ||
| Services | 15.5 | 9.9 | 14.2 | 17.4 | 57.1 | ||
| Unallocated and eliminations | 0.5 | 0.2 | 0.3 | 0.5 | 1.4 | ||
| Total Glaston Group | 45.6 | 24.0 | 33.3 | 52.1 | 153.5 | ||
| Order book by product area | ||||||
| EUR million | 31.3.2020 | 30.6.2020 | 30.9.2020 | 31.12.2020 | ||
| Heat Treatment Technologies | 32.5 | 27.7 | 23.3 | 26.6 | ||
| Insulating Glass Technologies | 29.7 | 15.7 | 18.9 | 26.1 | ||
| Automotive & Display Technologies | 9.5 | 3.7 | 2.1 | 6.5 | ||
| Services | 4.1 | 1.8 | 3.3 | 4.7 | ||
| Unallocated and eliminations | 0.6 | 0.2 | 0.2 | 0.0 | ||
| Total Glaston Group | 76.4 | 49.1 | 47.8 | 63.9 | ||
| Net sales by product area | |||||||
| EUR million | 1-3/2020 | 4-6/2020 | 7-9/2020 | 10-12/2020 | 1-12/2020 | ||
| Heat Treatment Technologies | 12.5 | 10.8 | 8.4 | 8.6 | 40.2 | ||
| Insulating Glass Technologies | 17.1 | 19.4 | 11.8 | 12.1 | 60.3 | ||
| Automotive & Display Technologies | 0.8 | 7.8 | 2.8 | 1.1 | 12.5 | ||
| Services | 16.5 | 11.2 | 13.3 | 17.1 | 58.1 | ||
| Unallocated and eliminations | 0.1 | - 0.2 | - 0.2 | - 0.5 | - 0.9 | ||
| Total Glaston Group | 46.9 | 48.9 | 35.9 | 38.3 | 170.1 | ||
For further information, please contact:
Chief Financial Officer Päivi Lindqvist, tel. +358 10 500 500
Glaston Corporation
Pia Posio
VP, IR, Communications and Marketing
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, automotive, solar and appliance 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 10 countries and its shares (GLA1V) are listed on NASDAQ Helsinki Ltd.
Distribution: Nasdaq Helsinki Ltd, key media, www.glaston.net.