In order to accelerate the execution of the strategy for the period 2021−2025, Glaston has reorganized the company structure. The intention of the organizational change is to enhance the customer experience with lifecycle solutions and improve operational excellence and efficiency.

The new company structure came into effect on October 1, 2023. Glaston has two Business Areas (BA): Architecture and Mobility, Display & Solar. The Architecture BA consists of flat tempering and laminating technologies and insulating glass technologies and related service business, and the Mobility, Display & Solar BA consists of pre-processing and heat treatment technologies and related service business for the mobility, display and solar glass markets.
 

The Group's Business Areas Architecture and Mobility, Display & Solar are the same as the operating segments and the reporting segments. Unaudited comparable Q1/2022−Q3/2023 quarterly and full-year 2022 financial information for the new reportable segments and product areas is presented below.

GLASTON Q1/2022−Q3/2023 COMPARABLE FIGURES - QUARTERLY SEGMENT INFORMATION

Orders received 7-9/ 4-6/ 1-3/ 10-12/ 7-9/ 4-6/ 1-3/ 1-12/
2023 2023 2023 2022 2022 2022 2022 2022
EUR million
Architecture 41.8 43.6 42.0 40.1 73.1 50.0 47.9 211.2
Mobility, Display & Solar 10.2 9.6 14.6 11.2 12.8 6.1 10.8 40.9
Total segments 52.1 53.3 56.6 51.3 85.9 56.1 58.7 252.1
Unallocated and eliminations  0.1 0.4 0.3 0.3 0.2 0.1 0.2 0.9
Total Glaston Group 52.2 53.6 56.9 51.7 86.2 56.2 59.0 253.0

Order book 30.9. 30.6. 31.3. 31.12. 30.9. 30.6. 31.3. 31.12.
2023 2023 2023 2022 2022 2022 2022 2022
EUR million
Architecture 99.7 101.9 123.7 128.4 130.6 92.8 81.3 128.4
Mobility, 12.6 13.3 15.4 9.9 11.7 13.2 16.8 9.9
Display &
Solar
Total segments 112.3 115.2 139.0 138.3 142.3 106.0 98.1 138.3
Unallocated - - - - - - - -
and
eliminations
Total Glaston 112.3 115.2 139.0 138.3 142.3 106.0 98.1 138.3
Group

Net sales 7-9/ 4-6/ 1-3/ 10-12/ 7-9/ 4-6/ 1-3/ 1-12/
2023 2023 2023 2022 2022 2022 2022 2022
EUR million
Architecture 43.5 43.2 42.6 45.6 38.7 42.5 42.6 169.5
Mobility, Display & Solar 9.8 11.6 8.4 13.9 9.0 10.8 9.5 43.1
Total segments 53.4 54.8 51.0 59.5 47.7 53.3 52.1 212.6
Unallocated and eliminations  0.1 0.4 0.3 0.3 0.2 0.1 0.2 0.9
Total Glaston Group 53.5 55.2 51.3 59.8 47.9 53.5 52.3 213.5

Comparable EBITA 7-9/ 4-6/ 1-3/ 10-12/ 7-9/ 4-6/ 1-3/ 1-12/
2023 2023 2023 2022 2022 2022 2022 2022
EUR million
Architecture 4.0 3.3 3.3 3.9 1.6 3.1 3.3 11.9
Mobility, Display & Solar -0.1 0.0 -0.3 0.2 0.8 0.4 0.2 1.5
Total segments 3.9 3.3 2.9 4.0 2.4 3.6 3.5 13.5
Unallocated and eliminations  0.0 0.1 0.1 0.2 0.1 -0.1 -0.0 0.1
Total Glaston Group 3.9 3.4 3.0 4.2 2.5 3.5 3.5 13.6

Comparable 7-9/ 4-6/ 1-3/ 10-12/ 7-9/ 4-6/ 1-3/ 1-12/
EBITA % 2023 2023 2023 2022 2022 2022 2022 2022

Architecture 9.2% 7.6% 7.7% 8.4% 4.2% 7.3% 7.9% 7.0%
Mobility, -1.4% 0.2% -3.9% 1.2% 8.8% 4.0% 1.6% 3.6%
Display &
Solar
Total segments 7.2% 6.0% 5.8% 6.8% 5.0% 6.7% 6.7% 6.3%
Unallocated 29.9% 26.7% 23.1% 47.6% 28.6% -36.1% -9.8% 16.3%
and
eliminations 
Total Glaston 7.3% 6.2% 5.8% 7.0% 5.1% 6.6% 6.6% 6.4%
Group

EBIT 7-9/ 4-6/ 1-3/ 10-12/ 7-9/ 4-6/ 1-3/ 1-12/
2023 2023 2023 2022 2022 2022 2022 2022
EUR million
Architecture 2.6 2.3 2.5 2.6 0.7 1.6 2.3 7.2
Mobility, Display & Solar -1.0 -0.5 -0.7 -0.3 0.4 0.2 -0.1 0.3
Total segments 1.6 1.8 1.8 2.3 1.1 1.8 2.2 7.5
Unallocated and eliminations  0.0 0.1 0.1 0.2 0.1 -0.1 -0.0 0.1
Total Glaston Group 1.7 1.9 1.9 2.5 1.2 1.8 2.2 7.6

Orders received by 7-9/ 4-6/ 1-3/ 10-12/ 7-9/ 4-6/ 1-3/ 1-12/
product area 2023 2023 2023 2022 2022 2022 2022 2022
EUR million
Architectural Tempering 6.1 16.2 12.1 13.5 12.8 15.3 14.2 55.7
and Laminating
Technologies
Insulating Glass 22.9 14.4 16.4 12.3 48.6 20.0 18.4 99.3
Technologies
Mobility, Display & Solar 4.8 5.2 9.6 7.0 8.6 1.7 7.3 24.6
Technologies
Services 18.2 17.5 18.5 18.5 16.0 19.2 18.8 72.5
Unallocated and 0.1 0.4 0.3 0.3 0.2 0.1 0.2 0.9
eliminations 
Total Glaston Group 52.2 53.6 56.9 51.7 86.2 56.2 59.0 253.0

Order book by product 7-9/ 4-6/ 1-3/ 10 7-9/ 4-6/ 1-3/ 1-12/
area 2023 2023 2023 -12/ 2022 2022 2022 2022
2022
EUR million
Architectural Tempering 36.4 42.3 42.2 45.4 43.8 36.2 35.0 45.4
and Laminating
Technologies
Insulating Glass 58.6 53.1 75.7 77.9 80.1 48.1 39.7 77.9
Technologies
Mobility, Display & Solar 11.8 12.2 14.2 8.6 10.0 11.2 14.4 8.6
Technologies
Services 5.4 7.6 6.9 6.4 8.4 10.5 9.1 6.4
Unallocated and - - - - - - - -
eliminations 
Total Glaston Group 112.3 115.2 139.0 138.3 142.3 106.0 98.1 138.3

Net sales by product area 7-9/ 4-6/ 1-3/ 10-12/ 7-9/ 4-6/ 1-3/ 1-12/
2023 2023 2023 2022 2022 2022 2022 2022
EUR million
Architectural Tempering 11.4 13.3 15.0 12.3 9.7 15.6 14.3 51.9
and Laminating
Technologies
Insulating Glass 17.3 17.5 14.8 18.4 15.1 14.7 14.9 63.1
Technologies
Mobility, Display & Solar 4.7 7.2 3.7 9.0 4.2 6.2 5.5 24.9
Technologies
Services 20.9 17.2 18.0 21.1 19.2 17.7 18.3 76.4
Unallocated and -0.7 0.1 -0.1 -1.0 -0.3 -0.8 -0.7 -2.8
eliminations 
Total Glaston Group 53.5 55.2 51.3 59.8 47.9 53.5 52.3 213.5

For further information, please contact:
Chief Financial Officer Päivi Lindqvist, tel. +358 10500500

Glaston Corporation
Pia Posio
VP, Marketing, Communications and IR
Tel. +358 10500500

Glaston in brief

Glaston is the glass processing industry's innovative technology leader supplying equipment, services and solutions to the architectural, mobility, display and solar industries. The company also supports the development of new technologies integrating intelligence to glass.

Glaston is committed to providing its clients with both the best know-how and the latest technologies in glass processing, with the purpose of building a better tomorrow through safer, smarter, and more energy efficient glass solutions. Glaston operates globally with manufacturing, services and sales offices in nine countries and its shares (GLA1V) are listed on Nasdaq Helsinki Ltd.

Distribution: Nasdaq OMX, key media, www.glaston.net