Glaston Corporation     Stock Exchange Release    18.3.2020 at 9.30

 

As announced on 13 January 2020, Glaston Corporation has made changes to its Group structure and as of 1 January 2020, has three reporting segments: Glaston Heat Treatment, Glaston Insulating Glass and Glaston Automotive & Emerging Technologies. Services are included in the reporting segments. Machine and Services sales, order intake and order book are also reported separately as additional, product area, information.

Changes in reporting structure Previous New Scope
Reporting segments Glaston
Bystronic glass		 Heat Treatment
Insulating Glass
Automotive & Emerging Technologies		 Net sales
EBITA, EBIT
Orders received
Order book
Segment assets
Segment liabilities
Personnel
Product Areas Heat Treatment Technologies (machines)
Bystronic glass Technologies (machines)
Emerging Technologies
Services
Other 		Heat Treatment Technologies
Insulating Glass Technologies
Automotive & Emerging Technologies (machines)
Services
Unallocated and eliminations		 Net sales
Orders received
Order book

 

Unaudited comparable 2019 quarterly and full year financial information for the new reporting segments and product areas is presented below.

GLASTON 2019 COMPARABLE FIGURES

 

QUARTERLY SEGMENT INFORMATION  

Order intake                
EUR million   1-3/2019 4-6/2019 7-9/2019 10-12/2019 1-12/2019  
Heat Treatment   20.9 16.2 15.9 23.0 76.0  
Insulating Glass   -  21.3 21.1 18.0 60.4  
Automotive & Emerging Technologies   0.6 5.5 5.7 7.7 19.7  
Total segments   21.5 43.0 42.7 48.7 156.1  
Unallocated and eliminations    1.3 1.5 2.9 0.5 6.1  
Total Glaston Group   22.9 44.5 45.6 49.2 162.2  

 

Order book            
EUR million   31.3.2019 30.6.2019 30.9.2019 31.12.2019  
Heat Treatment   41.6 30.0 34.2 35.1  
Insulating Glass   -  27.9 28.3 31.2  
Automotive & Emerging Technologies   0.8 20.4 15.2 12.5  
Total segments   42.4 78.4 77.7 78.8  
Unallocated and eliminations    0.4 0.5 1.4 0.7  
Total Glaston Group   42.8 78.9 79.1 79.5  
                     

 

Net sales            
EUR million   1-3/2019 4-6/2019 7-9/2019 10-12/2019 1-12/2019  
Heat Treatment   19.6 22.1 20.1 20.8 82.6  
Insulating Glass   -  22.9 21.4 14.5 58.8  
Automotive & Emerging Technologies   0.0 12.3 11.2 11.9 35.5  
Total segments   19.7 57.3 52.7 47.2 176.9  
Unallocated and eliminations    1.1 1.1 1.8 0.1 4.1  
Total Glaston Group   20.8 58.4 54.5 47.3 181.0  
                       

 

Comparable EBITA            
EUR million   1-3/2019 4-6/2019 7-9/2019 10-12/2019 1-12/2019  
Heat Treatment   0.9   0.1   1.3   1.2   3.4    
Insulating Glass   -    2.4   0.7   1.6   4.7    
Automotive & Emerging Technologies   -0.4   1.0   1.2   -0.2   1.7    
Total segments   0.5   3.6   3.2   2.6   9.8    
Unallocated and eliminations     0.1   0.0   -0.1   -0.1   -0.1    
Total Glaston Group    0.6   3.6   3.1   2.5   9.7    
                         

 

Comparable EBIT              
EUR million   1-3/2019 4-6/2019 7-9/2019 10-12/2019 1-12/2019
Heat Treatment      0.4   -0.2   1.0   0.8   1.9  
Insulating Glass       -    1.8   -0.1   0.9   2.6  
Automotive & Emerging Technologies   -0.4   1.0   1.2   -0.3   1.5  
Total segments     0.0   2.5   2.0   1.5   6.0  
Unallocated and eliminations      0.1   0.0   -0.1   -0.1   -0.1  
Total Glaston Group    0.1   2.5   2.0   1.3   5.9  
                     

 

Operating result (EBIT)              
EUR million   1-3/2019 4-6/2019 7-9/2019 10-12/2019 1-12/
2019
Heat Treatment   -0.0   -0.4   -0.3   -0.3   -0.9  
Insulating Glass    -     1.1   -0.7   -0.0   0.4  
Automotive & Emerging Technologies   -0.0    0.5    1.1   -0.4   1.2  
Total segments   -0.0    1.3    0.2   -0.8   0.7  
Unallocated and eliminations    -0.8   -0.8   -0.2   -0.1   -2.0  
Total Glaston Group   -0.8    0.4   -0.0   -0.9   -1.3  
                       

 

 

GLASTON PRO FORMA 2019 COMPARABLE FIGURES

PRO FORMA QUARTERLY SEGMENT INFORMATION  

 

Order intake              
EUR million   Pro forma
1-3/
2019
4-6/2019
7-9/2019
10-12/2019
Pro forma
1-12/
2019		  
Heat Treatment   20.9 16.2 15.9 23.0 76.0    
Insulating Glass   12.3 21.3 21.1 18.0 72.6    
Automotive & Emerging Technologies   10.7 5.5 5.7 7.7 29.6    
Total segments   43.9 43.0 42.7 48.7 178.3    
Unallocated and eliminations    1.3 1.5 2.9 0.5 6.3    
Total Glaston Group   45.3 44.5 45.6 49.2 184.6    
                           

 

Order book          
EUR million   Pro forma
31.3.2019
30.6.2019
30.9.2019
31.12.2019		  
Heat Treatment   41.6 30.0 34.2 35.1  
Insulating Glass   32.3 27.9 28.3 31.2  
Automotive & Emerging Technologies   30.0 20.4 15.2 12.5  
Total segments   103.8 78.4 77.7 78.8  
Unallocated and eliminations    0.4 0.5 1.4 0.7  
Total Glaston Group   104.2 78.9 79.1 79.5  
                     

 

Net sales          
EUR million   Pro forma
1-3/2019
4-6/2019
7-9/2019		 10-12/2019 Pro forma
1-12/2019		  
Heat Treatment   19.6   22.1   20.1   20.8   82.6    
Insulating Glass   15.1   22.9   21.4   14.5   73.9    
Automotive & Emerging Technologies   8.5   12.3   11.2   11.9   44.0    
Total segments   43.2   57.3   52.7   47.2   200.5    
Unallocated and eliminations    1.1   1.1   1.8   0.1   4.1    
Total Glaston Group   44.3   58.4   54.5   47.3   204.6    
                       

 

Comparable EBITA          
EUR million   Pro forma
1-3/2019
4-6/2019
7-9/2019		 10-12/2019 Pro forma
1-12/2019		  
Heat Treatment   0.7   0.1   1.3   1.2   3.4    
Insulating Glass   1.4   2.4   0.7   1.6   6.2    
Automotive & Emerging Technologies   0.6   1.0   1.2   -0.2   2.6    
Total segments   2.7   3.6   3.2   2.6   12.1    
Unallocated and eliminations    0.1   0.0   -0.1   -0.1   -0.1    
Total Glaston Group   2.8   3.6   3.1   2.5   12.1    
                       

 

 

Comparable EBIT          
EUR million   Pro forma
1-3/2019
4-6/2019
7-9/2019		 10-12/2019 Pro forma
1-12/
2019		  
Heat Treatment   0.2   -0.2   1.0   0.8   1.9    
Insulating Glass   0.9   1.8   -0.1   0.9   3.5    
Automotive & Emerging Technologies   0.4   1.0   1.2   -0.3   2.1    
Total segments    1.6   2.5   2.0   1.5   7.6    
Unallocated and eliminations    0.0   0.0   -0.1   -0.1   -0.1    
Total Glaston Group   1.6   2.5   2.0   1.3   7.5    
                       

 

 

Operating result (EBIT)          
EUR million   Pro forma
1-3/2019
4-6/2019
7-9/2019		 10-12/2019 Pro forma
1-12/
2019		  
Heat Treatment   -0.0   -0.4   -0.3   -0.3   -0.9    
Insulating Glass   0.9   1.1   -0.7   -0.0   1.3    
Automotive & Emerging Technologies   0.7   0.5   1.1   -0.4   1.8    
Total segments   1.6   1.3   0.2   -0.8   2.2    
Unallocated and eliminations    -0.8   -0.8   -0.2   -0.2   -2.0    
Total Glaston Group   0.8   0.4   -0.0   -0.9   0.3    
                     

 

Order intake
by product area

          
EUR million   Pro forma
1-3/2019
4-6/2019
7-9/2019
10-12/2019		 Pro forma
1-12/
2019
Heat Treatment Technologies   13.5   9.5   9.1   16.3   48.3  
Insulating Glass Technologies   6.7 14.9 15.0 12.7 49.3
Automotive & Emerging Technologies(machines)   6.3   0.7   1.3   3.9   12.3  
Services   17.4   17.9   17.3   15.8   68.3  
Unallocated and eliminations    1.3   1.5   2.9   0.5   6.3  
Total Glaston Group   45.3   44.5   45.6   49.2   184.6  
                     

 

 

Order book
by product area		          
EUR million   Pro forma
31.3.2019
30.6.2019
30.9.2019
31.12.2019
Heat Treatment Technologies   38.9   26.9   29.5   31.2  
Insulating Glass Technologies        32.3   27.9   28.3   31.2  
Automotive & Emerging Technologies(machines)   30.0   20.4   15.2   12.5  
Services   2.7   3.1   4.7   3.9  
Unallocated and eliminations          0.4   0.5   1.4   0.7  
Total Glaston Group   104.2   78.9   79.1   79.5  
                   

 

 

Net sales by product area          
EUR million   Pro forma
1-3/2019
4-6/2019
7-9/2019
10-12/2019		 Pro forma
1-12/2019
Heat Treatment Technologies   12.4   17.0   13.2   13.3   55.9  
Insulating Glass Technologies   9.6   17.2   15.2   8.9   50.9  
Automotive & Emerging Technologies(machines)   4.1   8.3   6.7   8.0   27.0  
Services   17.2   14.6   17.4   16.6   65.7  
Unallocated and eliminations    1.1   1.4   2.1   0.4   5.0  
Total Glaston Group   44.3   58.4   54.5   47.3   204.6  
                     

 

 

 

 

For further information, please contact:
CFO Päivi Lindqvist , tel. +358 10 500 500
Vice President, IR, Communications and Marketing Joséphine Mickwitz, tel. +358 10 500 5070

Glaston Corporation

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
 

 

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