Glaston Corporation Inside Information 22 July 2025 at
13.25
Due to significantly lower demand in the second quarter and the architectural
market showing no signs of significant recovery, Glaston lowers its net sales
and comparable EBITA outlook for the full year 2025.
During the first half of the year, the softness of the architectural market
increased. The prevailing uncertainty in the market environment and the US
tariff situation have increasingly affected the customers' investment decisions.
Glaston expects market activity to remain slow throughout the year. Market
uncertainty and the extended decision-making times will impact the development
of both net sales and comparable EBITA.
In addition to the already ongoing cost-control measures, Glaston starts
immediate planning of further cost-reduction actions to mitigate the effect of
the weakening demand.
New outlook for 2025:
Glaston Corporation estimates that its net sales and comparable EBITA will
decrease from the level of the previous year. Glaston expects net sales to be
EUR 206−215 million and comparable EBITA to amount to EUR 13.1−15.1 million. In
2024, Group net sales totaled EUR 217.9 million and comparable EBITA was EUR
15.3 million.
Previous outlook:
Glaston Corporation estimates that its net sales will remain at the same level
and comparable EBITA will stay at the same level or increase slightly in 2025
from the levels reported for 2024. In 2024, Group net sales totaled EUR 217.9
million and comparable EBITA was EUR 15.3 million.
Glaston will publish its Half-year Financial Report on 8 August 2025. Due to the
silent period, the company will not comment on the performance of the first half
of 2025 before the publication of the Half-year Report.
GLASTON CORPORATION
Miika Äppelqvist
President & CEO
Glaston Corporation
Pia Posio, VP Communications, Marketing and IR, tel. +358 10 500 5076
Glaston in brief
Glaston is the glass processing industry's innovative technology leader
supplying equipment, services and solutions to the architectural, mobility,
display and solar industries. The company also supports the development of new
technologies integrating intelligence to glass.
Glaston is committed to providing its clients with both the best know-how and
the latest technologies in glass processing, with the purpose of building a
better tomorrow through safer, smarter, and more energy efficient glass
solutions. Glaston operates globally with manufacturing, services and sales
offices in nine countries and its shares (GLA1V) are listed on Nasdaq Helsinki
Ltd.
Distribution: Nasdaq Helsinki Ltd., key media, www.glaston.net