Glaston Oyj Abp reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company’s net sales were EUR 26.4 million against EUR 30.2 million a year ago. Operating profit was EUR 3.4 million against loss of EUR 3.7 million a year ago. Profit before income tax was EUR 5.7 million against loss of EUR 5.2 million a year ago. Profit for the period from continuing operations was EUR 4.7 million against loss of EUR 5.0 million a year ago. Profit attributable to owners of the parent was EUR 4.7 million against loss of EUR 5.3 million a year ago. Earnings per share continuing operations were EUR 0.04 against loss of EUR 0.04 a year ago. Basic and diluted earnings per share were EUR 0.04 against loss of EUR 0.05 a year ago. Net cash flow from operating activities was EUR 2.3 million against loss of EUR 1.4 million a year ago. Other purchases of non-current assets were EUR 1.1 million against EUR 1.8 million a year ago. Annualized return on equity was 44.3% against negative of 42.6% for same period a year ago. EBITDA, excluding non-recurring items, was EUR 0.8 million against EUR 0.6 million a year ago. Interest-bearing net debt declined from EUR 57.7 million on 31 December 2012 to EUR 10.5 million on 31 March 2013. For the year 2013, the company expects net sales to be on the 2012 level and the operating result to be positive.

Glaston Oyj Abp, Q1 2013 Earnings Call, Apr 25, 2013

Glaston Oyj Abp announced that the annual general meeting held on April 17, 2013, the board elected Andreas Tallberg as Chairman of the Board and Christer Sumelius as Vice Chairman of the Board.