Glaston adjusts its outlook and expects 2013 net sales to exceed 2012 net sales.

The level of new orders in the third quarter was good, around 20% higher than the previous year.

The recovery of the North American market for Glaston continued, and in Asia and South America, market development was stable.

In Europe, the market remained challenging, but there was positive development in Spain, the UK and Germany.

Orders received in January-September totaled €90.0 million, an increase from the previous year’s figure of €84.8 million. Orders received in the third quarter totaled €34.2 million, up from €28.4 million last year.

Consolidated net sales in January-September totaled €86.4 million, with third quarter net sales at €26.3 million.

Glaston’s interest bearing net debt totaled EUR €11.4 million, compared to €56.8 million last year.