Glaston’s first quarter 2020 results confirm a stable order book value of €45.6 million, driven by the insulating glass sector, where orders have grown by more than 70% year-on-year. Heat treatment equipment orders were also positive. Net sales grew by 6% to €46.9 million.

“Since the beginning of the year, Covid-19 has impacted the daily lives and work of us all” commented Arto Metsänen, Glaston’s President and CEO. “In the first quarter, however, the coronavirus impact was not reflected significantly in Glaston’s orders received, which were at the level of the corresponding period of the previous year. Demand for insulating glass machines grew strongly, compensating for the weakness in demand for automotive glass machines that has already been evident for some time. Demand for heat treatment machines was nearly at the previous year’s level. Services were affected by travel restrictions and various countries’ national isolation measures but our extensive service network and our investment in remote services has supported the development of the product area and our ability to help customers globally, given the circumstances” he added.

All Glaston production plants are operating normally and the majority of deliveries, with a few exceptions,  are expected be completed as planned.

The availability of components has also been secured for the coming months. No coronavirus infections have been reported at Glaston to date, with many employees working remotely to safeguard both their own health and the health of production personnel. 

www.glaston.net