Clearview National September 2016 - Issue 178 | Page 80

MACHINERY

Order intake up from the
early part of the year
»»BASED ON RESULTS OF
its half year financial report
January-June 2016, Glaston
expects 2016 net sales to
be approximately EUR
105 – 110 million and the
comparable operating profit to
be approximately EUR 2 – 4
million, according to results. (In
2015 net sales were EUR 123.4
million and comparable operating
profit was EUR 6.1 million).
President and CEO, Arto
Metsänen, comments: “Glaston’s
markets remained quiet in the
second quarter of the year and the
operating environment continued
to be challenging. Our April–
June net sales declined from the
previous year and totalled EUR
22.1 (30.1) million. The decline
in net sales was due primarily
to weaker machine sales in the
EMEA area. In the Americas
area, net sales were at a good
level. In the Asian market, the
positive development of net sales
that began in the first quarter
continued.
“Orders received in the
second quarter totalled EUR
28.6 million and grew by 14.4%
compared with the first quarter.
Despite this, the order intake for
the first half of the year, a total of
EUR 53.7 (55.0) million, was not
at the targeted level.
“Glaston’s comparable