Volume 50, Issue 5 - May 2015


Glaston Reports Increased Sales; Expects Growth to Continue

Helsinki, Finland-based Glaston started 2015 with “a strong order book.”

The company saw a 48-percent increase in orders last year and reported that orders received for the year totaled $166.4 million USD, compared with $141.4 million USD for 2013.

Consolidated net sales totaled $142.7 million USD, compared with $140.1 million USD for 2013. Operating profit, excluding non-recurring items, grew 130.7 percent to $5.6 million USD, from $2.4 million USD.

“For Glaston, the final quarter of the year was good and we start 2015 with a strong order book,” says president and CEO Arto Metsänen. “ … For the full year, we achieved growth in both net sales and operating profit. I am particularly satisfied with the stronger-than-expected development of operating profit. In terms of net sales, our growth expectations were higher than the level of net sales achieved.”

Glaston’s Order Book Financials
Order Book in USD Millions
  Dec. 31, 2014 Dec. 31, 2013
Machines $62.5 $42.6
Services $2.4 $1.2
Total $63.8 $43.8

Copyright 2015 Key Communications Inc. All rights reserved.
No reproduction of any type without expressed written permission.