Q1 2026 Glaston Oyj Abp Earnings Call Transcript
Key Points
- Glaston Oyj (OHEL:GLA1V) improved its EBITDA and EBITDA margin despite a challenging market environment.
- The company's operating cash flow turned positive in Q1 2026.
- Service orders increased by 8%, contributing significantly to the company's net sales.
- Cost-saving programs have been accelerated, achieving a EUR6 million annual run-rate savings ahead of schedule.
- The ULTRA TPS insulating glass line continues to gain traction, indicating potential future growth.
- Net sales declined by 21% year-on-year, reflecting a challenging demand environment.
- Order intake decreased by 14% compared to the previous year, with significant declines in tempering and laminating technologies.
- The architectural segment faced a softness in the market, with order intake down by 18%.
- The mobility market in Europe and China remains challenging, with limited investments moving forward.
- The company expects both net sales and comparable EBITDA to decrease in 2026 compared to 2025 levels.
Hello, and warmly welcome to Glaston's Q1 webcast. My name is Agneta Sjelrus, and I'm in charge of investor relations here at Glaston.
Today, our CEO, Miika Ãppelqvist, will present the Q1 highlights, and after that, our CFO, Magnus Sjöblom, will present the financials. (Event Instructions)
And now over to you, Miika.
&
Thank you, Agneta. Good morning, everyone, and thank you for joining.
Let's review then together the quarter one market and business development, review the finances, and then review also the outlook for '26.
I will start with quarter one in brief and the market development and then our CFO, Magnus, will continue then in more depth on a review of the finances. Now let's start with quarter one.
The quarter one '26 confirmed us two things very clearly. First of all, the market remained challenging and the uncertainty, especially
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