NSG Group Releases 2nd Quarter Financial Results

Nippon Sheet Glass (NSG) in Japan released its second quarter financial results today. In the building products (BP) business, underlying profitability improved due to increased volumes, particularly of value-added products.

However, the cumulative result represented a reduction in profit from the previous year. The company's solar energy product volumes continue to grow, although at a lower rate than in previous periods.** In North America, representing 9 percent of BP sales, cumulative local currency revenues and profits were higher than the previous year, with an improving product mix.

In Europe, representing 43 percent of the group's cumulative BP sales, revenues were similar to the previous year. Profits increased, due largely to cost savings. Sales prices were stable during the quarter, and, relative to the previous year, continue to offset the increase in input costs.

Revenues in Japan, representing 33 percent of BP sales, were slightly higher than the previous year.

Downstream revenues and volumes increased from the previous year. Profits increased strongly, with an improving mix of higher value-added products, and the increased downstream volumes.

In the rest of the world, revenues improved while underlying profits, excluding the effect of the previous year gain on settlement of an insurance claim in Chile, fell. Results in South America were robust, with some volume growth experienced. Revenues and profits in South East Asia and China fell however, with over-capacity in China contributing to a weak pricing environment.

During the second quarter, the BP business achieved sales of $1,644 million USD (128,440 million JPY) and an operating profit of approximately $103 million USD).

600450 NSG Group Releases 2nd Quarter Financial Results glassonweb.com

See more news about:

Others also read

Pilkington United Kingdom Limited, part of the NSG Group, has launched Pilkington Optimirror™ Protect Plus, a new safety mirror that provides enhanced safety capability without the need for secondary processing.
To create a new future of glass, NSG Group looks forward to working with you for the next 100 years.
NSG Group announced today that it has received a “GOLD” rating for the first time from EcoVadis*, a global organization for evaluating CSR (corporate social responsibility) performance.
The latest version of the world’s largest trade fair dedicated to the glass industry is now complete, but the impact from many of the products and services displayed last week at glasstec will live on for many years.
NSG Group, manufacturer of glass under the Pilkington brand, will present its latest innovations at Equip'Baie 2018, the must-attend trade show in the windows and façade sector, in Paris Porte de Versailles from 20th to 23rd November 2018.
NSG Group announced that its Metashine®-printed glass was selected for train-side passenger window of Seibu Railway’s new express train “Laview,” which is scheduled to begin operation in March 2019.

From industry

Add new comment