NSG Group Sees Financial Recovery and Revises Forecasts

NSG Group, parent company to Pilkington, saw a year-over-year increase of 23% in revenue through the first three quarters of its fiscal year, which ends March 31, 2022.

According to company data, NSG Group’s revenue for the first three quarters of the fiscal year was approximately $3.8 billion*, and operating profit was $125 million*. The Group was impacted by component shortages for vehicle production and higher energy and material costs, but mitigated with its sales price increase in architectural glass, mainly from Europe, and cost-saving efforts.

According to the report, the architectural segment saw significantly improved revenue in all regions, especially in Europe, which reflects strong demand. The results detail solid profit compared to the previous year, from $1.3 billion to $1.8 billion*. According to the company, the architectural glass sector, which includes solar energy glass, continued to see strong demand and profits exceeding last year, increasing prices and cost-saving efforts offsetting higher energy prices. Architectural glass includes the manufacture and sale of flat glass, various interior and exterior glazing products and glass for the solar energy market.

The company also announced a revision to its consolidated forecasts for the financial year ending on March 31, 2022. Revenue was revised upward with strong demand, particularly in the architectural sector. “However, operating profit has been revised downward because automotive volumes continue to be severely impacted by a shortage of semi-conductor components at the group’s key customers,” the company says.

*Indicates figures converted from Japanese Yen to U.S. Dollars on March 10, 2022.

Glaston Expects Continued Financial Improvements in 2022

Glaston Corporation’s 2021 financial statements show a continued recovery and strong growth, especially in the machines and services business. Glaston’s order book stood at $105.1 million* at the end of 2021, up 48% compared to $70.8 million* in the corresponding period in the previous year.

The company says, though, the COVID-19 pandemic and supply chain disturbances are a continued challenge.

Glaston estimates that its net sales and comparable EBITA will improve in 2022 from last year’s reported levels.

“Fourth-quarter net sales, as well as full-year net sales, increased,” says president and CEO Anders Dahlblom.

“Net sales in the fourth quarter grew by 37% and totaled $58.3 (42.5) million*; $202.6 (188.6) million* was recorded for the full year, with all product areas exceeding the previous year’s levels. For services, growth of 15% was recorded… Comparable EBITA for the fourth quarter was $3.9 million* or 6.6% of net sales, up 68% compared to the fourth quarter of 2020.”

*Indicates financial information converted from Euros to U.S. Dollars in February 2022.

Şişecam Reports “Strong Growth” in 2021

Turkish glass manufacturer Şişecam  announced its financial results for 2021. According to its report, the 2021 consolidated net sales totaled $2.3 billion* while investment spending in the reporting period amounted to $190.7 million*. In 2021, Şişecam produced 5.6 million tons of glass, 2.3 million tons of soda ash, and 4.5 million tons of industrial raw materials.

“Despite the global economic uncertainty caused by the ongoing pandemic, Şişecam maintained strong growth in 2021 [and] delivered a robust financial performance thanks to its advanced production capabilities, effective risk management, strong financial structure, digitalized infrastructure and sound investment strategy…” says Ahmet Kırman, chairperson of Şişecam . “We aim to continue moving toward our global goals with our investment plans and strong management capability.”

*Indicates financial information converted to U.S. dollars from Turkish lira on February 15, 2022.

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