Glaston Oyj · OMXHEX:GLA1V
Glaston Oyj — Q1 2025 Earnings Presentation
24 slides from Glaston Oyj's earnings presentation, May 6, 2025
Slide 1: Glaston Q1 2025: Stable development in Architectural glass equipment
Glaston Q1 2025: Stable development in Architectural glass equipment in an uncertain market 6 May 2025 Toni Laaksonen, CEO Magnus Sjöblom, CFO
Slide 2: Content
Content • Q1/2025 highlights • Market review • Financial development • Outlook 2025
Slide 3: Q1/2025 in brief
Q1/2025 IN BRIEF
Slide 4: Q1 2025 in brief
Q1 2025 in brief • Satisfactory quarter despite the challenging market environment • The Architectural market remained soft. However, demand for tempering and laminating equipment picked up • Order intake was up 1% year-on-year driven by the Architecture segment • Net sales were down 7% to EUR 51.7
Slide 5: Glaston's operating environment
Glaston’s operating environment Architectural Mobility and solar Services machine market machine market market 1-3/2025 1-12/2024 1-3/2025 1-12/2024 1-3/2025 1-12/2024 EMEA Americas China Rest of APAC Glaston view on market sentiment compared to previous year In Q1: • The Architectural market remain
Slide 6: Financial development
FINANCIAL DEVELOPMENT
Slide 7: New orders slightly up
New orders slightly up 7 January−March 2025 May 6, 2025
Slide 8: Net sales down 7% driven by insulating glass and mobility technologies
Net sales down 7% driven by insulating glass and mobility technologies 8 January−March 2025 May 6, 2025
Slide 9: Net sales grew in APAC, and declined in EMEA and Americas
Net sales grew in APAC, and declined in EMEA and Americas Q1 2025 net sales by region MEUR, yoy% and share of total EMEA 30% 24.7 MEUR 48% Americas -9% 22% 15.7 MEUR -15% APAC 11.3 MEUR +12% 9 January−March 2025 May 6, 2025
Slide 10: Comparable EBITA and EBITA% down from Q1 2024
Comparable EBITA and EBITA% down from Q1 2024 10 January−March 2025 May 6, 2025
Slide 11: Reporting segments
REPORTING SEGMENTS
Slide 12: Architecture – order intake up 9%
Architecture – order intake up 9% • Machine orders were up by 19% o Positive development in Tempering and Q1 vs Q1 FY MEUR Laminating Technologies 2025 2024* 2024 • Services order intake was down by 6% Order intake 37.8 9% 147.3 • Net sales slightly below comparison period. Order backlog 65.7 -19% 7
Slide 13: Mobility, Display & Solar – low volume and margin burdened profitability
Mobility, Display & Solar – low volume and margin burdened profitability • Order intake down by 20% mainly due to lower order Q1 vs Q1 FY intake from China MEUR 2025 2024* 2024 • Net sales were down by 20% Order intake 9.3 -20% 54.3 o Machines net sales down due to MDS Heat Order backlog 25.1 25% 27
Slide 14: Negative operating cash flow but better than in the previous year
Negative operating cash flow but better than in the previous year 14 January−March 2025 May 6, 2025
Slide 15: Major events after the review period
Major events after the review period • The AGM resolved on a repayment of capital of EUR 0.11 per share* in two instalments • The AGM resolved on a reverse share split in the proportion 2:1 o The reverse share split was executed on 22 April 2025 o The new total number of shares is 42,145,805 • Tradi
Slide 16: Outlook
OUTLOOK 2025
Slide 17: Glaston's outlook remains unchanged
Glaston’s outlook remains unchanged 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 estimat
Slide 18: Questions
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Slide 19: Financial reports in 2025
Financial reports in 2025 Half year financial report 2025, on Friday, 8 August 2025 Interim report January−September 2025, on Thursday, 30 October 2025
Slide 20: Forward-looking statements disclaimer
This interim report provides future prospects involving risk and uncertainty factors, and other factors as a result of which the performance, operation, or achievements of Glaston may substantially deviate from the estimates. Forward-looking statements relating to future prospects are subject to ris
Slide 21: Glaston – changing the way the world sees glass
> www.glaston.net > www.glaston.net Glaston – changing the way the world sees glass IR contact: pia.posio@glaston.net
Slide 22: Appendix
APPENDIX
Slide 23: US and EU architectural end-market indicators
Architecture Americas and EMEA US and EU architectural end-market indicators US housing starts annualized rate EU residential building permits in sqm Monthly 3-month average 2 000 120 Mar-25 Dec-24 100 # of starts in thousand Index (100=2021) 1 500 -11% +2% MoM 80 MoM 1 000 +2% YoY 60 +6% YoY 40 500
Slide 24: APAC architectural and Mobility & Solar end-market indicators
Architecture APAC and Mobility, Display, and Solar APAC architectural and Mobility & Solar end-market indicators China newly started real estate construction China motor vehicle production Monthly 3-month average Million sqm useful floor space 250 3,5 Million motor vehicles Mar-25 Mar-25 3,0 200 3%