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GLASTON'S INTERIM REPORT JANUARY-SEPTEMBER 2007


Glaston's restructuring is proceeding

Glaston's Interim Report January-September 2007

  • Consolidated net sales grew by 17% to EUR 181.0 million (restated 1-9/2006: 154.9 million). Third quarter net sales were EUR 57.3 (7-9/2006: 56.3) million.
  • Operating profit excluding non-recurring items was EUR 9.5 (restated 1-9/2006: 5.4) million, i.e. 5.2 (3.5)% of net sales. Third quarter operating profit was EUR 4.0 (restated 7-9/2006: 3.5) million, i.e. 6.9 (6.2)% of net sales.
  • Earnings per share were EUR 0.03 (1-9/2006: 0.10), of which the third quarter contribution was EUR 0.03 (7-9/2006: 0.04).
  • Orders received totalled EUR 170.7 (restated1-9/2006: 137.9) million. In the third quarter, orders received totalled EUR 39.8 (7-9/2006: 54.8) million.
  • The order book on 30 September 2007 was EUR 125.7 (30.9.2006: 93.8) million.
  • The market situation, excluding North America, is expected to continue to be satisfactory.
  • The integration of the Albat+Wirsam Software Group into Glaston has proceeded faster than initially planned.

GLASTON CORPORATION
STOCK EXCHANGE RELEASE 7 November 2007
for more information www.glaston.net