Q2 2025 Glaston Oyj Abp Earnings Call Transcript
Key Points
- Glaston Oyj (FRA:KRY) reported a 4% increase in net sales compared to the previous year, reaching EUR 51.7 million.
- The company saw a 32% increase in insulating glass technologies, indicating strong performance in this segment.
- Despite challenges, the service segment accounted for 38% of net sales, showcasing its importance to the overall business.
- The company successfully localized production in China, improving margins and efficiency.
- Glaston Oyj (FRA:KRY) is confident in the future of its insulating glass business, driven by mega trends in energy efficiency.
- Order intake fell significantly by 24% compared to the previous year, indicating a challenging market environment.
- The architectural segment saw a 22% decline in order intake, with tempering and laminating technologies particularly affected.
- The company announced a cost reduction program targeting EUR 6 million in annual savings, indicating financial pressures.
- Glaston Oyj (FRA:KRY) expects net sales and comparable EBITDA to decrease from the previous year's levels.
- The company experienced a 5% decline in comparable EBITDA, with a margin of 6.1%, reflecting market challenges.
Welcome to Glaston Corporation's Q2 and first half 2025 results webcast.
My name is Pia Posio, and I will be hosting this session, together with my colleagues, our CEO Miika Ãppelqvist and CFO Magnus Sjöblom.
Software architectural class equipment market affected our order intake during the quarter, and today you will hear more details about the Q2, we will go through the market review, financial development and to watch the end also this.
You can share your questions during the presentation already. We have reserved time for those towards the end of the meeting, and today also Miika Ãppelqvist is on stage for the first time in his role as a Glaston CEO, and we will discuss with Miika about his insights in the new role and the next steps moving forward after the questions have been covered.
So, welcome on board and welcome Miika. Would you guide us through the Q2 first and then discuss the market a little bit and.
Let's carry on.
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