Glaston has updated its strategic guidelines and financial targets for the 2013 – 2016 period. The company's goal is 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 the announcement.
The safety glass market, the company's main field of business, is expected to grow by nearly 7 percent per year up to 2017, according to the statement. In addition, the company says it is seeking to grow particularly in tools (consumables relating to pre-processing machines) and in services covering the entire lifecycle of products
Toward the end of 2012 and during the first quarter of 2013, Glaston implemented a series of measures that, according to the announcement, improved its financial position. As a result of these measures, the company says its financial base has been stabilized. The financial targets underlying Glaston's strategy will run until 2016.
According to the company, its financial targets for the period are:
• Growth in net sales of more than 8 percent (CAGR);
• Operating profit margin (EBIT) over 6 percent; and
• Return on capital employed (ROCE) over 10 percent.
