Glaston Corporation reported weaker demand in its architectural glass equipment business during the first six months of 2025, with macroeconomic uncertainty and trade policy concerns weighing on order volumes. Orders for January–June totaled €85.2 million, down from €96.8 million in the same period last year, while net sales declined slightly to €103.3 million.
The slowdown was most pronounced in the tempering and laminating equipment segments, with EMEA and Asia-Pacific markets showing cautious investment sentiment since early 2025. In North America, uncertainty surrounding U.S. tariffs contributed to reduced customer activity in the second quarter. Insulating Glass Technologies recorded modest growth, though at a relatively low level, and services revenue remained steady.
Comparable EBITA for the half-year stood at €6.3 million, representing 6.1% of net sales. The company issued a profit warning in July, forecasting full-year net sales of €206–215 million and EBITA of €13.1–15.1 million, below 2024 levels.
To address the downturn, Glaston plans to enhance organizational efficiency through cost-saving measures, which could result in up to 40 job cuts globally. These actions, alongside ongoing profitability initiatives, are expected to deliver annual savings of approximately €6 million by 2026.
CEO Miika Äppelqvist emphasized the need to strengthen resilience in challenging market conditions and highlighted opportunities to expand the service business even amid a subdued investment cycle. He reiterated Glaston’s commitment to innovation and customer collaboration, aiming to position the company for renewed growth when market conditions improve.
Source: Glaston with additional information added by Glass Balkan