Glaston's result improved, Group ended year well

• Consolidated net sales grew by 23% to EUR 269.8 million (restated *1-12/2006: 218.9). In the final quarter of the year, net sales totalled EUR 88.8 million (restated 10-12/2006: 64.0).
• Operating profit excluding non-recurring items was EUR 16.6 million (comparable restated**1-12/2006: 10.9), i.e. 6.2% (5.0) of net sales. In the final quarter of the year, operating profit was EUR 7.1 million (comparable restated 10-12/2006: 5.5), i.e. 8.0% (8.5) of net sales.
• Return on capital employed improved and was 12.1% (restated 8.8).
• Orders received totalled EUR 212.7 million (1-12/2006: 195.5). In the final quarter of the year, orders received totalled EUR 42.0 million (restated 10-12/2006: 57.6).
• Order book on 31 December 2007 was EUR 87.0 million (31.12.2006: 97.8).
• Earnings per share were EUR 0.14 (restated 1-12/2006: 0.11), of which the final quarter contribution was EUR 0.10 (restated 10-12/2006: 0.01).
• The Board of Directors proposes to the AGMeeting that a dividend of EUR 0.10 (0.09) per share be distributed
• Glaston's market outlook for 2008 remains good. Growing markets elsewhere are balancing the instability evident in North America.

GLASTON CORPORATION
STOCK EXCHANGE RELEASE 6 February 2008

for more information www.glaston.net

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