Glaston Corporation Financial Statements 1 January - 31 December 2008

• Orders received in January-December totalled EUR 184.7 (212.7) million. Orders received in the fourth quarter totalled EUR 31.8 (42.1) million.
• Glaston's order book on 31 December 2008 was EUR 60.7 (87.0) million.
• Net sales totalled EUR 270.4 (269.8) million. Final quarter net sales totalled EUR 68.9 (88.8) million.
• Operating profit excluding non-recurring items was EUR 6.2 (16.8) million, i.e. 2.3 (6.2)% of net sales. The final quarter operating result was a loss of EUR 0.3 (7.3 profit) million, i.e. -0.4 (8.2)% of net sales. Non-recurring items of EUR -12.3 million were recognised in the final quarter
• Return on capital employed (ROCE) was -2.3 (11.3)%
• Earnings per share were EUR -0.12 (0.14), of which the final quarter contribution was EUR -0.16 (0.10).
• The Board of Directors proposes to the Annual General Meeting that a dividend of EUR 0.05 (0.10) per share, a total of EUR 4.0 million, be distributed.
• Due to a weak order book at the end of 2008, Glaston expects 2009 net sales to fall short of the 2008 level. Based on the weak visibility an outlook for opreating profit is not given.

GLASTON CORPORATION
Stock Exchange Release 10 February 2009

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