Finnish company Glaston made a profit of €0.7 (3.5 loss) million in the January - June period of this year, compared to a €3.5 million loss in the same period the year before.
Its net sales in the period were €60.1 million, slightly higher than the previous year. Glaston’s machine sales in Asia exceeded expectations.
The North American market was buoyant. In the EMEA area, sales were at the previous year’s level, with the focus of orders being in Central Europe and the UK.
In the Middle East, there was clear growth in activity, but the political uncertainty slowed decision-making. It also expects the positive development of the heat treatment machine market to continue during the latter part of the year.
President & CEO Arto Metsänen said: “I am particularly satisfied that the impact of the adjustment programme implemented at the end of last year is now fully realised in the result.”
