Q2 2026 Glaston Oyj Abp Earnings Call Transcript

Aug 12, 2026 / 08:00 AM GMT

Transcript

Key Points

Positve

Service order intake grew 21% year-on-year, driven by strong demand for upgrades and modernizations, particularly in EMEA and the Americas.
Relative profitability improved, with comparable EBITDA margin rising to 6.6% from the prior year period, supported by cost-saving measures and a favorable service mix.
The successful sale of the Swiss property generated a gain of 7.2 million euros, significantly reducing net debt to 18.2 million euros and lowering net gearing from 42% to 25%.
Mobility (MDS) technologies saw a strong quarter with order intake up 124%, driven by several automotive orders from China and a 47% increase in service orders.
The reorganization of the commercial structure into dedicated EMEA and China/Southeast Asia regions is expected to enhance customer proximity and speed of decision-making.
The company acquired new technology rights and patents in the coding area, signaling continued investment in innovative solutions for future growth.

Negative

Overall market conditions remain challenging, particularly for architectural customers, leading to limited new machine investments and a weak order intake level.
Group net sales declined by 20% year-on-year to 41.5 million euros, reflecting the lower order backlog from the previous year.
Order intake for insulating glass technologies dropped sharply by 61%, heavily impacted by the soft architectural market.
The architectural segment's order backlog is 30% lower than the same period last year, indicating continued pressure on future machine sales.
Net sales declined across all regions, with the Americas experiencing the steepest fall of 33% and APAC down 30%.
Operating cash flow was barely positive at 0.1 million euros, and the company lowered its full-year comparable EBITDA outlook to a range of 9-11 million euros, down from 14 million euros in 2025.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GLA1V.HE - Glaston Oyj Abp
Q2 2026 Glaston Oyj Abp Earnings Call
Aug 12, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to Glaston's half-year financial report webcast. My name is Anneta Selrus and I'm in charge of investor relations here at Glaston.

Today, our CEO, Mika Ettwist, will start with the Q2 highlights and the market review.

After that, our CFO, Magnus Sherbom, will continue with the financials.

After the presentations, there is a Q&A session. You can submit your questions by using the chat function.

And now over to you, Mika.

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Unidentified_2 [2]
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Thank you, Agnetta.

As Agnetta shortly already

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