The pro forma financial information is presented for illustrative purposes in order to reflect the hypothetical impact of the acquisition of Bystronic glass to the Company’s results of operations, if it had taken place as of 1 January 2018. The pro forma information is presented separately for group level and for the segments.
On 1 April 2019, Glaston Corporation completed the acquisition of Swiss-German based globally operating Bystronic glass, a company offering high-end machinery, systems and services for the processing of glass. Bystronic glass is consolidated as part of Glaston Corporation as of 1 April 2019 and consequently, the Company has two reporting segments: Glaston and Bystronic glass. In addition, the company will report net sales, order intake and order book for Heat Treatment Technologies, Bystronic Glass Technologies, Emerging Technologies (combining Emerging Technologies of the Glaston segment and Bystronic glass display business), Services (combining the service sales of the heat treatment services in the Glaston segment and Services & Spare Parts in the Bystronic glass segment) and Other product areas as of 1 April 2019.
Additional information on the basis of presentation of the pro forma financial information is included in Glaston’s Rights Issue Prospectus, dated 29 May 2019. The Finnish language prospectus is available on the company’s website.
In the following tables unaudited pro forma financial information for the group as well as for the segments for the first quarter of 2019 and each of the quarters in 2018 are presented.
Glaston is applying the new leasing standard ‘IFRS 16 leases’ fully retrospectively from 1 January 2019 and has restated the comparable figures accordingly for 2018.
Glaston’s half year financial report will be published on August 8, 2019 at 1 pm local time.