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Glaston

Analyst

Erkki Vesola

Erkki Vesola

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Stock release
12.2.
2021

Glaston Corporation     Stock Exchange Release, Managers' Transactions 12.2.2021 at 9.55

Glaston Oyj Abp - Managers' Transactions
____________________________________________

Person subject to the notification requirement
Name: Reinikkala, Veli-Matti
Position: Member of the Board/Deputy member
Issuer: Glaston Oyj Abp
LEI: 743700V3I7CLI3DJ8L62

Notification type: INITIAL NOTIFICATION
Reference number: 743700V3I7CLI3DJ8L62_20210211134627_2
____________________________________________

Third party research
10.2.
2021

Glaston's Q4 results were mixed, as sales missed by 3% but order intake was 5% above our estimate. Overall, guidance for 2021 was encouraging, as Glaston expects sales and comparable EBITA to increase y/y. A good improvement in order intake in Q4 20 suggests most of the COVID-19 related hardships may be over for the company.

The share is still down from pre-COVID-19 levels and valuation looks attractive at 2021E EV/EBITDA of 6.9x.

Stock release
9.2.
2021

GLASTON CORPORATION   FINANCIAL STATEMENT BULLETIN         9 FEBRUARY 2021 AT 13.00

This release is a summary of Glaston Corporation's financial statements bulletin for 2020. The complete report is attached to this release as a pdf-file. The stock exchange release is also available on the company's website at the address www.glaston.net.

Third party research
2.2.
2021

We expect Glaston’s Q4 report to be a lukewarm end to a difficult year, with sales up 10% q/q but still down 17% y/y. Even though Glaston raised its order intake outlook for Q4 20 in December, this won’t translate into sales until Q2 21 at the earliest, in our view.

We raise our estimates slightly for 2021, as the year-end recovery in Heat Treatment (HT) orders and gradually easing COVID-19 situation set a cautiously encouraging tone.
Stock release
26.1.
2021

Glaston Corporation            Stock Exchange Release                                   26.1.2021 at 16.30

Stock release
15.1.
2021

Glaston Corporation                  Stock Exchange Release                       15.1.2021 at 12.00 EET

Glaston has appointed Susanna Kohisevankoski (40) as SVP People and Culture and a member of the Executive Management Group. She will take up her position no later than July 2021 and will report to President & CEO Anders Dahlblom.

Stock release
30.12.
2020

Glaston Corporation   Inside Information                  30.12.2020 at 14.00

Due to growing demand especially for heat treatment equipment Glaston's order intake for the fourth quarter of this year will exceed the level in the fourth quarter of 2019. In its outlook published in the third quarter 2020 interim report on 27 October 2020 Glaston estimated that fourth-quarter orders will improve from the third quarter but remain below the previous year's levels. Other parts of the outlook remain unchanged*).

Stock release
29.12.
2020

Glaston Corporation    Stock Exchange Release       29.12.2020 at 10.30

Glaston Corporation has received a notification pursuant to chapter 9, section 5 of the Securities Market Act from Ahlström Capital Oy, according to which as a result of an intragroup merger in which AC Invest Eight B.V. has been merged into its parent company Ahlstrom Capital B.V., Ahlstrom Capital B.V. is therefore as of 28 December 2020 the direct shareholder in Glaston Oyj Abp.
Total position of person subject to the notification obligation:

Stock release
16.12.
2020

Glaston Corporation                  Stock Exchange Release 16 December 2020 at 13.10

 In January 2020, Glaston announced its new group structure with business areas Glaston Heat Treatment Technologies, Glaston Insulating Glass Technologies and Glaston Automotive & Emerging Technologies.

Stock release
16.12.
2020

Glaston Corporation                Stock Exchange Release         16.12.2020 at 12.55

The Chairman of the Board of Directors of Glaston Corporation, Teuvo Salminen, has informed the Company that he will not continue as Chairman of the Board of Directors from the beginning of 2021. He will, however, continue as a member of the Board of Directors until the Annual General Meeting in spring 2021.

Glaston

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Commissioned research

Glaston lyhyesti

Glaston aims to be its industry’s leading pioneer, whose identifying characteristics are technology leadership and high quality. Glaston’s core expertise is in flat tempering technology. In this segment, our global market share is slightly under 40% *). Through its continuous product development and regularly renewed product offering, Glaston will further strengthen its position and competitiveness in the market as well as in new machine sales and services. The growth target will be supported by growing demand for architectural glass. To support its core business, Glaston will seek growth opportunities not only in flat tempering technology but also in other safety glass groups, such as bending, tempering-bending and laminating. Innovative glass technologies and digitalisation will bring significant new business opportunities to Glaston.