Glaston’s orders received totaled $24.5 million (EUR 21.7 million) in the third quarter of 2018 from July to September. The company’s total orders received for the year so far is $83.2 million (EUR 73.6 million), according to Glaston’s third quarter financial report. For the same period last year, the company reported orders received totaling $84.7 million (EUR 74.9 million).

Its net sales totaled $26 million (EUR 23 million) for the third quarter and $82.9 million (EUR 73.3 million) for the year so far. The company’s operating profit from July to September 2018 was approximately $678,928 (EUR 0.6 million). The operating profit from January to September 2018 totaled approximately $2.6 million (EUR 2.3 million). That’s down from $2.9 million (EUR 2.6 million) during the same period last year.

“In the third quarter, the glass processing market was relatively quiet, but a slight pick-up was perceptible at the end of the review period,” says president and CEO Arto Metsänen. “Glaston’s third-quarter order intake totaled EUR 21.7 million. The lower level of orders in the third quarter is explained, partly, by the glasstec 2018 fair, held in Düsseldorf in October … Customers have traditionally scheduled their orders for this event, held every second year, or for the period following it.”

He says that increased economic and political uncertainty, as well as trade policy tensions, have not affected Glaston’s customers’ willingness to invest.

“Offering activity remained at a good level, but decision-making was slow. In the longer term, environmental awareness and the need for energy-efficient solutions will grow and construction safety regulations are constantly tightening,” says Metsänen. “This development creates new opportunities for Glaston.”

“Despite the low order intake for the third quarter, our full-year outlook is unchanged. Traditionally, the final quarter of year is the most important quarter for us, and this year its significance is even higher,” adds Metsänen.

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