GLASTON INTERIM REPORT 1 JANUARY - 31 MARCH 2009
GLASTON CORPORATION Stock Exchange Release 5 May 2009 9.00 a.m.
Glaston Interim Report 1 January - 31 March 2009
- Orders received in January-March totalled EUR 24.5 (68.3) million.
- Glaston's order book on 31 March 2009 was EUR 45.9 (96.9) million.
- Consolidated net sales in January-March totalled EUR 39.2 (63.1) million.
- The operating result in January-March was a loss of EUR 9.0 (1.6 profit)
million, representing -22.9 (+2.6)% of net sales.
- Return on capital employed (ROCE) was -17.1 (+4.1)%
- January-March earnings per share were EUR -0.10 (0.01).
- Due to a weak order book for the beginning of 2009 and exceptionally low
demand, Glaston expects 2009 net sales to fall short of the 2008 level and
the operating result to remain loss-making in the second quarter of the year.
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