As per a press release dated 9 September, Glaston has announced its updated strategic guidelines and financial targets for the period 2013-2016. Financial targets for the company regard growth in net sales, operating profit margin and return on capital.
The safety glass market, which is Glaston’s main field of business, is expected to grow by nearly 7% 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 are:
- Growth in net sales of over 8% (CAGR);
- Operating profit margin (EBIT) over 6%;
- Return on capital employed (ROCE) over 10%.