Glaston Oyj · OMXHEX:GLA1V
Glaston Oyj — Q2 2025 Earnings Presentation
25 slides from Glaston Oyj's earnings presentation, Aug 8, 2025
Slide 1: Glaston Q2/2025: Soft Architectural glass equipment market affected order intake
Glaston Q2/2025: Soft Architectural glass equipment market affected order intake August 8, 2025 Miika Äppelqvist, CEO Magnus Sjöblom, CFO
Slide 2: Content
Content • Q2/2025 highlights • Market review • Financial development • Outlook 2025
Slide 3: Q2/2025 in brief
Q2/2025 IN BRIEF
Slide 4: Q2 2025 in brief
Q2 2025 in brief • The demand environment weakened • Increasing investment hesitation. In addition to EMEA and APAC, in Q2 also in the US • Order intake was down 24% year-on-year o Order intake for tempering and laminating equipment fell o Order intake for insulating glass equipment increased • Net
Slide 5: Glaston's operating environment
Glaston’s operating environment Architectural Mobility and solar Services machine market machine market market 4-6/2025 1-6/2025 4-6/2025 1-6/2025 4-6/2025 1-6/2025 EMEA Americas China Rest of APAC Glaston view on market sentiment compared to previous year In Q2: • The Architectural market remained
Slide 6: Initiating actions to increase efficiency and align costs to the market situation
Initiating actions to increase efficiency and align costs to the market situation Today we announced a cost reduction program, expected to result in EUR 6 million annual savings. Planned actions aimed to: ➢ Mitigate the impact of prolonged low market activity The softness of the Architectural glass
Slide 7: Executive Leadership Team in place
Executive Leadership Team in place Miika Äppelqvist Joe Butler Kimmo Kuusela Robert Jenks EVP Sales & Service, EVP Sales & Service, CEO EVP Services Americas EMEA & APAC Riikka Laitasalo Jens Mayr Magnus Sjöblom Minna Toiviainen SVP People & Culture EVP Solutions & Operations CFO Legal Counsel*) 7 H
Slide 8: Financial development
FINANCIAL DEVELOPMENT
Slide 9: Weakening market impacted order intake
Weakening market impacted order intake 9 Half-Year Financial Report 2025 August 8, 2025
Slide 10: Driven by the Architecture segment, Q2 net sales were up 4%
Driven by the Architecture segment, Q2 net sales were up 4% 10 Half-Year Financial Report 2025 August 8, 2025
Slide 11: Americas and APAC on 2024 level, small increase in EMEA
Americas and APAC on 2024 level, small increase in EMEA Q2 2025 net sales by region MEUR, yoy% and share of total EMEA 45% 23.1 MEUR Americas +7% 25% 15.8 MEUR +3% APAC 12.8 MEUR 31% 0% 11 Half-Year Financial Report 2025 August 8, 2025
Slide 12: Comparable EBITA and EBITA% fell slightly
Comparable EBITA and EBITA% fell slightly 12 Half-Year Financial Report 2025 August 8, 2025
Slide 13: Reporting segments
REPORTING SEGMENTS
Slide 14: Architecture – further slowdown in market activity
Architecture – further slowdown in market activity • Machine orders were down by 32% Q2 vs Q2 H1 H1 o The softness in the Architectural market affected MEUR 2025 2024* 2025 2024* order intake for Tempering and Laminating Technologies Order intake 31.3 -22% 69.1 -8% o Order intake for Insulating Glas
Slide 15: Mobility, Display & Solar – profitability still modest
Mobility, Display & Solar – profitability still modest • Order intake down 32% from high comparison Q2 vs Q2 H1 H1 period. Machine orders down by 49% and MEUR 2025 2024* 2025 2024* Services down by 13% Order intake 6.7 -32% 16.0 -25% • China continued to be the most active market for pre-processing
Slide 16: Cash flow improved to previous quarter, gearing burdened by capital repayment
Cash flow improved to previous quarter, gearing burdened by capital repayment 16 Half-Year Financial Report 2025 August 8, 2025
Slide 17: Outlook
OUTLOOK 2025
Slide 18: Glaston's outlook for 2025
Glaston’s outlook for 2025 Glaston Corporation estimates that its net sales and comparable EBITA will decrease from the level of the previous year. Glaston expects net sales to be EUR 206−215 million and comparable EBITA to amount to EUR 13.1−15.1 million. In 2024, Group net sales totaled EUR 217.9
Slide 19: Questions
QUESTIONS
Slide 20: Financial reports in 2025
Financial reports in 2025 Interim report January−September 2025, on Thursday, 30 October 2025
Slide 21: Forward-looking statements disclaimer
This half-year 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 r
Slide 22: 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 23: Appendix
APPENDIX
Slide 24: Architecture Americas and EMEA 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 Jun-25 Mar-25 100 # of starts in thousand Index (100=2021) 1 500 +5% +3% MoM 80 MoM 1 000 +0% YoY 60 +3% YoY 40 500
Slide 25: Architecture APAC and Mobility, Display and 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 Jun-25 Jun-25 3,0 200 +11