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Glaston Corp. received $28.6 million (EUR 25 million) in orders in the first quarter of 2016, according to the company’s interim report. Its order book on March 31 was $39.4 million (EUR 34.5 million), and net sales from January 1 through the end of March totaled $33.6 million (EUR 29.4 million).
The company expects 2016 net sales to be slightly below its 2015 level of $141 million (EUR 123.4 million).
“At the end of last year, uncertainty in the glass processing market increased, and the situation remained unchanged as we entered the new year,” says president and CEO Arto Metsänen. “In the first quarter, the markets were relatively quiet, except for North America. In an unstable market situation, reliability and quality become even stronger competitive factors and we succeeded in increasing our market share.
“Despite the market instability, our net sales grew by 12 percent compared with the corresponding period the previous year.” He says order intake grew 11 percent in the same period.
