Glaston: Preliminary information on 2010 results

Date: 9 February 2011
Source: www.glaston.net
* Orders received in January-December totalled EUR 148.3 (151.5) million. Orders received in the fourth quarter totalled EUR 39.7 (44.1) million. * Glaston’s order book on 31 December 2010 was EUR 42.1 (45.5) million.* Consolidated net sales in January-December were EUR 149.4 (151.8) million.

Net sales for the last quarter totalled EUR 37.7 (35.8) million

* The operating result in January-December was a loss of EUR 24.9 (55.3 loss) million, i.e. -16.7 (-36.4)% of net sales.

* Operating result excluding non-recurring items was a loss of EUR 11.3 (33.6 loss) million, i.e. -7.5 (-22.2)% of net sales. In the fourth quarter the operating result excluding non-recurring items was a loss of EUR 3.9 (11.0 loss) million, i.e. -10.5 (-30.8)% of net sales.

* Non-recurring items in 2010 totalled EUR -13.7 (-21.6) and were recognized during the last quarter of 2010.

* Return on capital employed (ROCE) was -19.0 (-32.1)%.

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