Financial Information
Key Figures
Below some key data from Q1 2026.
Financial Targets
Glaston’s medium-term (3-5 years) strategic targets:
- Annual average net sales growth (CAGR) exceeding the addressable equipment markets growth
- Comparable operating margin (EBITA) of 10%
- Comparable return on capital employed (ROCE) of above 16%
- Customer satisfaction score (Net Promoter Score, NPS) above 40.
- Group-wide zero lost time accidents target, progress measured by lost time accidents per million working hours (LTIFR).
- Employee Engagement target above 75 (out of 100).
- GHG emissions reduction targets:
- Reduce absolute scope 1 and 2 GHG emissions by 50% by 2032, compared to the 2022 base year (1,491 tCO2e).
- Reduce the scope 3 GHG emission intensity by 58% per square meter of sold processing capacity by 2032. Base year 2022: 0.0043 tCO2/m2.
Guidance
GLASTON’S OUTLOOK FOR 2026
(published in the Q1 2026 interim report on April 29, 2026)
In 2026, the glass processing equipment markets are expected to remain soft. Due to increased geopolitical tensions, a significant recovery for the architectural glass processing equipment markets is not expected in the near future. Driven by China, the mobility glass processing equipment market is expected to remain on the same level as in 2025. While the equipment markets remain soft, the service business environment is expected to remain resilient and at a good level, supported by the installed base and ongoing customer demand for lifecycle services.
In the current market environment, Glaston continues its actions for improved efficiency, cost management, and selective growth opportunities. Amid increasing global economic unpredictability, a higher-than-normal uncertainty is related to customers’ investment activity.
Glaston entered the year with a lower order backlog than the previous year. Given the cautious market environment, Glaston Corporation estimates that its net sales and comparable EBITA will decrease in 2026 from the levels reported for 2025. In 2025, Group net sales totaled EUR 208.8 million and comparable EBITA was EUR 14.0 million.
GLASTON’S OUTLOOK FOR 2026
(as published in the Financial Statements bulletin on February 13, 2026)
In 2026, Glaston expects the glass processing equipment markets to remain soft. The cautious development in the architectural glass processing equipment markets is expected to continue, with potential improvement only anticipated towards the second half of the year. Driven by China, the mobility glass processing equipment market is expected to remain on the same level as in 2025. For services, the markets are expected to develop positively.
In the current market environment, Glaston continues its actions for improved efficiency, cost management, and selective growth opportunities. As geopolitical tensions and global economic unpredictability continue, a higher-than-normal uncertainty is related to customers’ investment activity.
Glaston entered the year with a lower order backlog than the previous year. Given the cautious market environment, Glaston Corporation estimates that its net sales and comparable EBITA will decrease in 2026 from the levels reported for 2025. In 2025, Group net sales totaled EUR 208.8 million and comparable EBITA was EUR 14.0 million.
GLASTON’S OUTLOOK FOR 2025
(as published in the Q3 2025 interim report on October 30, 2025)
The cautious development in the architectural glass processing equipment market continued in the third quarter, and the market activity is expected to remain slow during the rest of the year. As part of Glaston’s actions to address the reduced market demand, the company has focused on improving organizational efficiency and cost management to ensure profitable performance. Further, due to the ongoing geopolitical tensions and uncertainty in the global business environment, a higher-than-normal level of unpredictability is related to customers’ investment decisions.
The lower order backlog and the advancement of some project acceptances to the third quarter will affect the development of Glaston’s fourth quarter net sales and comparable operating profit. Glaston’s outlook remains unchanged and the company 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 million and comparable EBITA was EUR 15.3 million.
GLASTON’S OUTLOOK FOR 2025
(as published in the Half-Year financial report on August 8, 2025)
On July 22, 2025, Glaston announced a profit warning and lowered its net sales and comparable EBITA outlook for the full year 2025. The outlook remains unchanged since the announcement.
During the first half of the year, the softness of the Architectural market increased. The prevailing uncertainty in the market environment and the US tariff situation have increasingly affected customers’ investment decisions.
Glaston expects market activity to remain slow throughout the year. To mitigate the effects of weakening demand, Glaston will, in addition to the already ongoing cost-control measures, start actions to improve the company’s organizational efficiency and reduce costs to ensure profitable performance.
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 million and comparable EBITA was EUR 15.3 million.
GLASTON’S OUTLOOK FOR 2025
(Published on July 22, 2025)
Due to significantly lower demand in the second quarter and the architectural market showing no signs of significant recovery, Glaston lowers its net sales and comparable EBITA outlook for the full year 2025.
During the first half of the year, the softness of the architectural market increased. The prevailing uncertainty in the market environment and the US tariff situation have increasingly affected the customers’ investment decisions.
Glaston expects market activity to remain slow throughout the year. Market uncertainty and the extended decision-making times will impact the development of both net sales and comparable EBITA.
In addition to the already ongoing cost-control measures, Glaston starts immediate planning of further cost-reduction actions to mitigate the effect of the weakening demand.
New 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 million and comparable EBITA was EUR 15.3 million.
GLASTON’S OUTLOOK FOR 2025 REMAINS UNCHANGED
(published in the Q1/2025 interim report on 6 May 2025)
In 2025, the glass processing equipment markets are expected to remain soft. The architectural market shows no signs of significant recovery for this year. For mobility glass processing equipment, the market activity in China shows signs of a slowdown. Due to increasing global economic uncertainty, continued geopolitical tensions, and the risk of a global trade war, a higher-than-normal level of uncertainty exists concerning customers’ decision-making.
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 estimates that its net sales will remain at the same level and comparable EBITA will stay at the same level or increase slightly in 2025 from the levels reported for 2024. In 2024, Group net sales totaled EUR 217.9 million and comparable EBITA was EUR 15.3 million.
Outlook for 2025
(Published in the financial statements release on 14 February 2025)
In 2025, the glass processing equipment markets are expected to remain soft. The architectural market does not show signs of significant recovery for this year. For mobility glass processing equipment, the market activity in China is expected to remain good with high volatility in the short-term. Amid global economic uncertainty and continued geopolitical tensions, high uncertainty exists concerning customers’ decision-making.
Given the cautious market 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 estimates that its net sales will remain at the same level and comparable EBITA will stay at the same level or increase slightly in 2025 from the levels reported for 2024. In 2024, Group net sales totaled EUR 217.9 million and comparable EBITA was EUR 15.3 million.
Dividend
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
| Dividend per share | - | 0.06*) | 0.05*) | 0.04* | 0.03*) | 0.02*) | - | 0.03*) |
| Extra dividend per share | - | - | - | - | - | - | ||
| Total dividend | - | 0.06*) | 0.05 | 0.04 | 0.03 | 0.02 | - | 0.03 |
*) return of capital
Dividend policy
According to Glaston’s dividend policy Glaston’s objective is to distribute annually a dividend or return of capital amounting to 30-50% of the company’s comparable earnings per share.
When determining the amounts and dates of payment of any future dividends or returns of capital the Board of Directors always takes the company’s financial position and future outlook into consideration. In addition, the dividend policy takes into account growth targets in line with strategy as well as financing requirements for growth.
Accounting Principles
Glaston Corporation is a public limited liability company organized under the laws of the Republic of Finland and domiciled in Helsinki, Finland. Glaston’s shares are publicly traded in Nasdaq Helsinki Ltd. Small Cap in Helsinki, Finland. Glaston Corporation is the parent of Glaston Group and its registered office is at Lönnrotinkatu 11, 00120 Helsinki, Finland.
Glaston Group is an international glass technology company. Glaston is one of the leading manufacturers of glass processing machines globally. Its product range and service network are the most extensive in the industry.
Information about the accounting policies can be found in the Annual Review.