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Glaston Oyj Abp Earnings Release 2019
3317_rns_2020-03-18_09c5e822-cead-4a76-97d7-d950e9e97b73.pdf
Earnings Release
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Glaston Corporation Stock Exchange Release 18.3.2020 at 9.30
Glaston Corporation publishes comparable financial information for its new reporting segments
As announced on 13 January 2020, Glaston Corporation has made changes to its Group structure and as of 1 January 2020, has three reporting segments: Glaston Heat Treatment, Glaston Insulating Glass and Glaston Automotive & Emerging Technologies. Services are included in the reporting segments. Machine and Services sales, order intake and order book are also reported separately as additional, product area, information.
| Changes in reporting structure |
Previous | New | Scope |
|---|---|---|---|
| Reporting segments | Glaston Bystronic glass |
Heat Treatment Insulating Glass Automotive & Emerging Technologies |
Net sales EBITA, EBIT Orders received Order book Segment assets Segment liabilities Personnel |
| Product Areas | Heat Treatment Technologies (machines) Bystronic glass Technologies (machines) Emerging Technologies Services Other |
Heat Treatment Technologies Insulating Glass Technologies Automotive & Emerging Technologies (machines) Services Unallocated and eliminations |
Net sales Orders received Order book |
Unaudited comparable 2019 quarterly and full year financial information for the new reporting segments and product areas is presented below.
GLASTON 2019 COMPARABLE FIGURES
QUARTERLY SEGMENT INFORMATION
| Order intake | ||
|---|---|---|
| EUR million | 1-3/2019 | 4-6/2019 | 7-9/2019 | 10-12/2019 | 1-12/2019 |
|---|---|---|---|---|---|
| Heat Treatment | 20.9 | 16.2 | 15.9 | 23.0 | 76.0 |
| Insulating Glass | 21.3 | 21.1 | 18.0 | 60.4 | |
| Automotive & Emerging Technologies | 0.6 | 5.5 | 5.7 | 7.7 | 19.7 |
| Total segments | 21.5 | 43.0 | 42.7 | 48.7 | 156.1 |
| Unallocated and eliminations | 1.3 | 1.5 | 2.9 | 0.5 | 6.1 |
| Total Glaston Group | 22.9 | 44.5 | 45.6 | 49.2 | 162.2 |
Order book
| EUR million | 31.3.2019 | 30.6.2019 | 30.9.2019 | 31.12.2019 |
|---|---|---|---|---|
| Heat Treatment | 41.6 | 30.0 | 34.2 | 35.1 |
| Insulating Glass | 27.9 | 28.3 | 31.2 | |
| Automotive & Emerging Technologies | 0.8 | 20.4 | 15.2 | 12.5 |
| Total segments | 42.4 | 78.4 | 77.7 | 78.8 |
| Unallocated and eliminations | 0.4 | 0.5 | 1.4 | 0.7 |
| Total Glaston Group | 42.8 | 78.9 | 79.1 | 79.5 |
Net sales
| EUR million | 1-3/2019 | 4-6/2019 | 7-9/2019 | 10-12/2019 | 1-12/2019 |
|---|---|---|---|---|---|
| Heat Treatment | 19.6 | 22.1 | 20.1 | 20.8 | 82.6 |
| Insulating Glass | - | 22.9 | 21.4 | 14.5 | 58.8 |
| Automotive & Emerging Technologies | 0.0 | 12.3 | 11.2 | 11.9 | 35.5 |
| Total segments | 19.7 | 57.3 | 52.7 | 47.2 | 176.9 |
| Unallocated and eliminations | 1.1 | 1.1 | 1.8 | 0.1 | 4.1 |
| Total Glaston Group | 20.8 | 58.4 | 54.5 | 47.3 | 181.0 |
Comparable EBITA
| EUR million | 1-3/2019 | 4-6/2019 | 7-9/2019 | 10-12/2019 | 1-12/2019 |
|---|---|---|---|---|---|
| Heat Treatment | 0.9 | 0.1 | 1.3 | 1.2 | 3.4 |
| Insulating Glass | - | 2.4 | 0.7 | 1.6 | 4.7 |
| Automotive & Emerging Technologies | -0.4 | 1.0 | 1.2 | -0.2 | 1.7 |
| Total segments | 0.5 | 3.6 | 3.2 | 2.6 | 9.8 |
| Unallocated and eliminations | 0.1 | 0.0 | -0.1 | -0.1 | -0.1 |
| Total Glaston Group | 0.6 | 3.6 | 3.1 | 2.5 | 9.7 |
Comparable EBIT
| EUR million | 1-3/2019 | 4-6/2019 | 7-9/2019 | 10-12/2019 | 1-12/2019 |
|---|---|---|---|---|---|
| Heat Treatment | 0.4 | -0.2 | 1.0 | 0.8 | 1.9 |
| Insulating Glass | - | 1.8 | -0.1 | 0.9 | 2.6 |
| Automotive & Emerging Technologies | -0.4 | 1.0 | 1.2 | -0.3 | 1.5 |
| Total segments | 0.0 | 2.5 | 2.0 | 1.5 | 6.0 |
| Unallocated and eliminations | 0.1 | 0.0 | -0.1 | -0.1 | -0.1 |
| Total Glaston Group | 0.1 | 2.5 | 2.0 | 1.3 | 5.9 |
Operating result (EBIT)
| EUR million | 1-3/2019 | 4-6/2019 | 7-9/2019 | 10-12/2019 | 1-12/2019 |
|---|---|---|---|---|---|
| Heat Treatment | -0.0 | -0.4 | -0.3 | -0.3 | -0.9 |
| Insulating Glass | - | 1.1 | -0.7 | -0.0 | 0.4 |
| Automotive & Emerging Technologies | -0.0 | 0.5 | 1.1 | -0.4 | 1.2 |
| Total segments | -0.0 | 1.3 | 0.2 | -0.8 | 0.7 |
| Unallocated and eliminations | -0.8 | -0.8 | -0.2 | -0.1 | -2.0 |
| Total Glaston Group | -0.8 | 0.4 | -0.0 | -0.9 | -1.3 |
GLASTON PRO FORMA 2019 COMPARABLE FIGURES
PRO FORMA QUARTERLY SEGMENT INFORMATION
Order intake
| EUR million | Pro forma | Pro forma | |||
|---|---|---|---|---|---|
| 1-3/2019 | 4-6/2019 | 7-9/2019 | 10-12/2019 | 1-12/2019 | |
| Heat Treatment | 20.9 | 16.2 | 15.9 | 23.0 | 76.0 |
| Insulating Glass | 12.3 | 21.3 | 21.1 | 18.0 | 72.6 |
| Automotive & Emerging Technologies | 10.7 | 5.5 | 5.7 | 7.7 | 29.6 |
| Total segments | 43.9 | 43.0 | 42.7 | 48.7 | 178.3 |
| Unallocated and eliminations | 1.3 | 1.5 | 2.9 | 0.5 | 6.3 |
| Total Glaston Group | 45.3 | 44.5 | 45.6 | 49.2 | 184.6 |
Order book
| Total Glaston Group | 104.2 | 78.9 | 79.1 | 79.5 |
|---|---|---|---|---|
| Unallocated and eliminations | 0.4 | 0.5 | 1.4 | 0.7 |
| Total segments | 103.8 | 78.4 | 77.7 | 78.8 |
| Automotive & Emerging Technologies | 30.0 | 20.4 | 15.2 | 12.5 |
| Insulating Glass | 32.3 | 27.9 | 28.3 | 31.2 |
| Heat Treatment | 41.6 | 30.0 | 34.2 | 35.1 |
| EUR million | Pro forma 31.3.2019 |
30.6.2019 | 30.9.2019 | 31.12.2019 |
Net sales
| EUR million | Pro forma 1-3/2019 |
4-6/2019 | 7-9/2019 | 10-12/2019 | Pro forma 1-12/2019 |
|---|---|---|---|---|---|
| Heat Treatment | 19.6 | 22.1 | 20.1 | 20.8 | 82.6 |
| Insulating Glass | 15.1 | 22.9 | 21.4 | 14.5 | 73.9 |
| Automotive & Emerging Technologies | 8.5 | 12.3 | 11.2 | 11.9 | 44.0 |
| Total segments | 43.2 | 57.3 | 52.7 | 47.2 | 200.5 |
| Unallocated and eliminations | 1.1 | 1.1 | 1.8 | 0.1 | 4.1 |
| Total Glaston Group | 44.3 | 58.4 | 54.5 | 47.3 | 204.6 |
Comparable EBITA
| EUR million | Pro forma 1-3/2019 |
4-6/2019 | 7-9/2019 | 10-12/2019 | Pro forma 1-12/2019 |
|---|---|---|---|---|---|
| Heat Treatment | 0.7 | 0.1 | 1.3 | 1.2 | 3.4 |
| Insulating Glass | 1.4 | 2.4 | 0.7 | 1.6 | 6.2 |
| Automotive & Emerging Technologies | 0.6 | 1.0 | 1.2 | -0.2 | 2.6 |
| Total segments | 2.7 | 3.6 | 3.2 | 2.6 | 12.1 |
| Unallocated and eliminations | 0.1 | 0.0 | -0.1 | -0.1 | -0.1 |
| Total Glaston Group | 2.8 | 3.6 | 3.1 | 2.5 | 12.1 |
Comparable EBIT
| EUR million | Pro forma 1-3/2019 |
4-6/2019 | 7-9/2019 | 10-12/2019 | Pro forma 1-12/2019 |
|---|---|---|---|---|---|
| Heat Treatment | 0.2 | -0.2 | 1.0 | 0.8 | 1.9 |
| Insulating Glass | 0.9 | 1.8 | -0.1 | 0.9 | 3.5 |
| Automotive & Emerging Technologies | 0.4 | 1.0 | 1.2 | -0.3 | 2.1 |
| Total segments | 1.6 | 2.5 | 2.0 | 1.5 | 7.6 |
| Unallocated and eliminations | 0.0 | 0.0 | -0.1 | -0.1 | -0.1 |
| Total Glaston Group | 1.6 | 2.5 | 2.0 | 1.3 | 7.5 |
Operating result (EBIT)
| EUR million | Pro forma 1-3/2019 |
4-6/2019 | 7-9/2019 | 10-12/2019 | Pro forma 1-12/2019 |
|---|---|---|---|---|---|
| Heat Treatment | -0.0 | -0.4 | -0.3 | -0.3 | -0.9 |
| Insulating Glass | 0.9 | 1.1 | -0.7 | -0.0 | 1.3 |
| Automotive & Emerging Technologies | 0.7 | 0.5 | 1.1 | -0.4 | 1.8 |
| Total segments | 1.6 | 1.3 | 0.2 | -0.8 | 2.2 |
| Unallocated and eliminations | -0.8 | -0.8 | -0.2 | -0.2 | -2.0 |
| Total Glaston Group | 0.8 | 0.4 | -0.0 | -0.9 | 0.3 |
Order intake by
product area
| EUR million | Pro forma 1-3/2019 |
4-6/2019 | 7-9/2019 | 10-12/2019 | Pro forma 1-12/2019 |
|---|---|---|---|---|---|
| Heat Treatment Technologies | 13.5 | 9.5 | 9.1 | 16.3 | 48.3 |
| Insulating Glass Technologies Automotive & Emerging |
6.7 | 14.9 | 15.0 | 12.7 | 49.3 |
| Technologies(machines) | 6.3 | 0.7 | 1.3 | 3.9 | 12.3 |
| Services | 17.4 | 17.9 | 17.3 | 15.8 | 68.3 |
| Unallocated and eliminations | 1.3 | 1.5 | 2.9 | 0.5 | 6.3 |
| Total Glaston Group | 45.3 | 44.5 | 45.6 | 49.2 | 184.6 |
Order book by
product area
| Total Glaston Group | 104.2 | 78.9 | 79.1 | 79.5 |
|---|---|---|---|---|
| Unallocated and eliminations | 0.4 | 0.5 | 1.4 | 0.7 |
| Services | 2.7 | 3.1 | 4.7 | 3.9 |
| Automotive & Emerging Technologies(machines) |
30.0 | 20.4 | 15.2 | 12.5 |
| Insulating Glass Technologies | 32.3 | 27.9 | 28.3 | 31.2 |
| Heat Treatment Technologies | 38.9 | 26.9 | 29.5 | 31.2 |
| EUR million | Pro forma 31.3.2019 |
30.6.2019 | 30.9.2019 | 31.12.2019 |
Net sales by
product area
| EUR million | Pro forma 1-3/2019 |
4-6/2019 | 7-9/2019 | 10-12/2019 | Pro forma 1-12/2019 |
|---|---|---|---|---|---|
| Heat Treatment Technologies | 12.4 | 17.0 | 13.2 | 13.3 | 55.9 |
| Insulating Glass Technologies Automotive & Emerging |
9.6 | 17.2 | 15.2 | 8.9 | 50.9 |
| Technologies(machines) | 4.1 | 8.3 | 6.7 | 8.0 | 27.0 |
| Services | 17.2 | 14.6 | 17.4 | 16.6 | 65.7 |
| Unallocated and eliminations | 1.1 | 1.4 | 2.1 | 0.4 | 5.0 |
| Total Glaston Group | 44.3 | 58.4 | 54.5 | 47.3 | 204.6 |
For further information, please contact: CFO Päivi Lindqvist , tel. +358 10 500 500 Vice President, IR, Communications and Marketing Joséphine Mickwitz, tel. +358 10 500 5070
Glaston Corporation
Glaston is the glass processing industry's innovative technology leader supplying equipment, services and solutions to the architectural, automotive, solar and appliance industries. The company also supports the development of emerging technologies integrating intelligence to glass.
As of April 2019, Bystronic glass is part of Glaston Group. Together we are committed to providing our clients with both the best know-how and the latest technologies in glass processing, with the purpose of building a better tomorrow through safer, smarter, and more energy efficient glass solutions. We operate globally with manufacturing, services and sales offices in 11 countries. Glaston's shares (GLA1V) are listed on Nasdaq Helsinki Ltd.
Distribution: Nasdaq Helsinki, key media, www.glaston.net
