Finnish group Glaston has forecast the safety glass market to improve by nearly 7% per year in the period 2013-2016.

The safety glass business is its main market and as a result it has revised its financial forecast for the period.

The company is also seeking to grow particularly in tools (consumables relating to pre-processing machines) and in services covering the entire lifecycle of products.

It said it had recently implemented a series of measures that improved the company’s financial position.

Glaston’s financial targets for the 2013-2016 period are now: Growth in net sales of over 8% (CAGR), operating profit margin (EBIT) over 6% and return on capital employed (ROCE) over 10%.