Glaston Corporation has published its Interim Report for January−March 2025.
January – March in brief
- Orders received totalled EUR 47.1 (46.6) million.
- Net sales totalled EUR 51.7 (55.8) million.
- Comparable EBITA was EUR 3.1 (3.6) million, i.e. 6.0 (6.4) percent of net sales.
- The operating result (EBIT) was EUR 1.0 (1.9) million.
- The comparable earnings per share were EUR 0.015 (0.019).
Glaston’s outlook for 2025 remains unchanged
In 2025, the glass processing equipment markets are expected to remain soft. The architectural market shows no signs of significant recovery for this year. For mobility glass processing equipment, the market activity in China shows signs of a slowdown. Due to increasing global economic uncertainty, continued geopolitical tensions, and the risk of a global trade war, a higher-than-normal level of uncertainty exists concerning customers’ decision-making.
Given the sluggish greenfield investment environment, the company’s growth opportunities arise from new product innovations, services and upgrade products. Implemented and on-going structural cost-saving actions support profitability. 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 totalled EUR 217.9 million and comparable EBITA was EUR 15.3 million.