Glaston forecasts improved safety glass prospects

Published 9th September, 2013 by Greg Morris

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%.

Greg Morris

Glass International Editor

Greg Morris has been editor of Glass International and organiser of the Glassman conferences since 2012, specialising in glass packaging. Prior to this he spent five years working in newspaper journalism.