Glaston releases 2010 financial statements

Date: 3 March 2011

2010 was challenging for Glaston, Finland, said President and CEO Arto Metsänen in a March 1 release. "Demand for our products remained at a low level and the company's profitability was very weak," he said. "Our operating year was marked by extensive efficiency measures to reverse the trend in profitability.

Despite the subdued market, our net sales remained at the previous year's level. Our operating result clearly improved, which shows that our adjustment and efficiency measures are working."

The most important goal for 2011 is a clear improvement in operational profitability, Metsänen said in the release. "During 2010, due to the substantial measures implemented, our organization has adjusted to the present market situation, and the foundation has been laid for profitable operations," he said. "The financing package signed at the end of February has safeguarded the company's long-term funding. Now we can focus on growing our business and serving our customers."

Read the full release below.

600450 Glaston releases 2010 financial statements glassonweb.com

See more news about:

Others also read

The cooperation between the GPD and glasstec creates new synergies for the international glass industry. In an interview, Glaston explains how both formats benefit from each other - and what added value this means for the industry.
The Board of Directors of Glaston Corporation has today appointed Miika Äppelqvist as the new President and CEO of Glaston Corporation as of 1 June 2025.
Trust the original in glass processing innovations
Stable development in Architectural glass equipment in an uncertain market
Glaston’s organizational structure with three Business Functions, Solutions & Operations, Market Areas and Service Supply & Development, came into effect on 1 January 2025.
Glaston has received technology and equipment orders from Regency Glass, a well-known producer of high-quality IGUs in the UK.

Add new comment

From industry

NEWS RELATED PRODUCTS

Glaston Corporation
Glaston Corporation
Glaston Corporation