Glaston’s Revised Strategy and Financial TargetsSeptember 10th, 2013 | Category: Industry News
Glaston Corp. has updated its strategic guidelines and financial targets for the period 2013–2016. The company, which develops glass processing technology for architectural, solar, appliance and automotive applications, aims to deliver profitable growth through innovation and technology leadership in selected product groups, while at the same time ensuring the best customer benefit and experience in the industry, according to a company release.
The safety glass market, which is Glaston’s main field of business, is expected to grow by nearly seven percent per year up to 2017. In addition, the company is seeking to grow particularly in tools (consumables relating to pre-processing machines) and in services covering the entire lifecycle of products.
Towards the end of 2012 and during the first quarter of 2013, Glaston implemented a series of measures that improved the company’s financial position. As a result of these measures, Glaston’s financial base has been stabilized and the company can focus on its business development. The financial targets underlying Glaston’s strategy will run until 2016.
Glaston’s financial targets for the period include growth in net sales of over eight percent (CAGR), an operating profit margin (EBIT) over six percent and a return on capital employed (ROCE) of better than 10 percent.