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
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