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KYRO´S INTERIM REPORT FOR JANUARY-MARCH 2007


GLASTON'S YEAR BEGINS SATISFACTORILY

January-March key figures

  • Agreement on sale of Energy business takes effect on 1 July 2007
  • The Group's business divided into Continuing Operations (Glaston Technologies and parent company Kyro Corporation, reported here as Glaston) and Discontinued Operations (Energy)
  • Kyro Corporation changes to Glaston Corporation on 1 June 2007; a new corporate identity has been launched
  • A new organisational model and redivision of business areas will be outlined in a separate release
  • Due to a change in revenue recognition practice, restated figures are given for comparison with 2006
  • Glaston's net sales EUR 58.2 (45.9) million
  • Operating profit EUR 1.7 (-1.2, excluding non-recurring items) million
  • Profit before taxes EUR 1.9 (1.7) million
  • Profit (after taxes) EUR 0.6 (-1.4) million
  • New machine orders EUR 42.5 (29.0) million
  • Glaston's order book EUR 92.5 (69.4) million

KYRO CORPORATION
STOCK EXCHANGE RELEASE 9 MAY 2007

www.kyro.fi