OverviewSuggest Edit

Glaston is a company that manufactures and sells glass processing machines for architectural, solar, appliance, and automotive applications. It operates through three segments: Heat Treatment, Insulating Glass, and Automotive & Emerging Technologies. The company offers heat treatment machines, glass processing machine remote monitoring and fault analysis services, insulating glass production machines and related spare parts, handling equipment, glass processing machines, and related services.

TypePublic
Founded1870
HQHelsinki, FI
Websiteglaston.net

Latest Updates

Employees (est.) (Dec 2020)723(-8%)
Revenue (FY, 2020)€170.1 M(-6%)
Share Price (May 2022)€0.9(-6%)
Cybersecurity ratingAMore
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Key People/Management at Glaston

Anders Dahlblom

Anders Dahlblom

CEO & President
Sasu Koivumäki

Sasu Koivumäki

CSO
Miika Äppelqvist

Miika Äppelqvist

SVP Glaston Heat Treatment Technologies
Artturi Mäki

Artturi Mäki

SVP Services
Robert Prange

Robert Prange

SVP Glaston Automotive and Display Technologies
Veli-Matti Reinikkala

Veli-Matti Reinikkala

Chairman of the Board
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Glaston Office Locations

Glaston has offices in Helsinki, Tampere, Cherry Hill, Revesby and in 5 other locations
Helsinki, FI (HQ)
Lönnrotinkatu 11
Tampere, FI
Vehmaistenkatu 5 25
Revesby, AU
25 Daisy St
Neuhausen, DE
Karl-Lenhardt-Straße 1-9
Moskva, RU
Ulitsa Sushchovskiy Val, 74
Singapore, SG
2 Leng Kee Rd
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Glaston Financials and Metrics

Glaston Revenue

Glaston's revenue was reported to be €170.07 m in FY, 2020
EUR

Revenue (Q3, 2021)

46.4m

Gross profit (Q3, 2021)

47.9m

Net income (Q3, 2021)

1.3m

EBITDA (Q3, 2021)

4.3m

EBIT (Q3, 2021)

2.2m

Market capitalization (9-May-2022)

72.7m

Closing stock price (9-May-2022)

0.9

Cash (30-Sept-2021)

24.6m

EV

62.8m
Glaston's current market capitalization is €72.7 m.
Annual
EURFY, 2018FY, 2019FY, 2020

Revenue

101.1m181.0m170.1m

Cost of goods sold

(50.9m)(88.4m)(81.1m)

Gross profit

52.2m94.4m91.1m

R&D expense

(4.1m)(6.4m)(5.8m)
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

20.8m58.4m54.5m46.9m49.0m35.9m40.4m43.3m46.4m

Gross profit

21.1m58.8m55.0m47.4m49.6m36.5m41.4m44.6m47.9m

R&D expense

(3.5m)
Annual
EURFY, 2018FY, 2019FY, 2020

Cash

7.9m19.9m23.3m

Accounts Receivable

15.7m18.5m14.6m

Prepaid Expenses

378.0k2.2m1.9m

Inventories

5.8m42.6m25.1m
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

10.9m43.4m13.9m22.9m20.6m20.3m29.0m25.9m24.6m

Accounts Receivable

24.4m32.7m30.5m23.4m18.9m16.1m20.9m19.7m20.9m

Prepaid Expenses

300.0k300.0k200.0k200.0k200.0k200.0k200.0k200.0k200.0k

Inventories

5.6m51.0m47.5m40.2m28.4m25.3m24.8m25.9m28.3m
Annual
EURFY, 2018FY, 2019FY, 2020

Net Income

2.1m(6.4m)(5.5m)

Depreciation and Amortization

4.9m8.1m8.1m

Inventories

3.5m(10.1m)16.7m
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021
EURFY, 2018

Revenue/Employee

273.1k
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Glaston Revenue Breakdown

Embed Graph

Glaston revenue breakdown by business segment: 36.2% from HEAT TREATMENT, 48.2% from INSULATING GLASS, 14.5% from AUTOMOTIVE & EMERGING TECHNOLOGIES and 1.1% from Other

Glaston Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

Glaston Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Glaston Online and Social Media Presence

Embed Graph

Glaston Blogs

BVGlazing continues to build value for its customers

“Glass has become a feature of the building – not just something you’re looking through. That’s why all the glass we deliver must be of the highest possible quality,” says Andrew Dolphin, General Manager Glass Operations at BVGlazing in Toronto. “Glaston’s RC350 and FC500 have helped us expand our b…

Custom Glass places trust in Glaston tempering technology

From ashes to flagship FC Series In January 2021, Custom Glass in Liverpool, UK, placed an order for Glaston’s FC Series tempering furnace line, which will be delivered to the factory in early June this year. Although Custom Glass has had positive experiences with three Bystronic, now Glaston, IG li…

Ultra Tough invests in the future with two Glaston FC-zone upgrades

At the end of 2020, Ultra Tough from Welham Green, Hertfordshire, UK, finalized an agreement to purchase two Glaston FC-zone upgrades for their Uniglass 2448 UGT and UGC furnaces. The FC-zone replaces the existing heat chambers with Glaston’s enhanced system based on full convection with high air vo…

AGP invests in two Glaston FC furnaces side by side

“We designed our brand-new plant to deliver high performance results, combining our vision for machinery with our personnel selection to offer a superior product and service to our customers. We chose two Glaston FC tempering lines for repeatable and reliable quality results,” says David Bunting, Ge…

Interested in boosting your lamination business?

Maybe you’ve been thinking about adding lamination to your business offering. Or perhaps you already have older lamination machinery that isn’t quite working up to speed. Whatever your situation, Glaston is ready to help. We can help you start from scratch with our ProL laminating line with full con…

PLG buys entry-level Glaston RC tempering line and then upgrades

“We’ve always been an important partner to the large window manufacturers in Finland. Listening to their needs and responding has helped us stay competitive in this market,” Tommi Nousiainen, CEO of PLG in Finland, explains. “We were not specifically looking for a tempering furnace. But when our cus…
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Glaston Frequently Asked Questions

  • When was Glaston founded?

    Glaston was founded in 1870.

  • Who are Glaston key executives?

    Glaston's key executives are Anders Dahlblom, Sasu Koivumäki and Miika Äppelqvist.

  • How many employees does Glaston have?

    Glaston has 723 employees.

  • What is Glaston revenue?

    Latest Glaston annual revenue is €170.1 m.

  • What is Glaston revenue per employee?

    Latest Glaston revenue per employee is €235.2 k.

  • Who are Glaston competitors?

    Competitors of Glaston include Cimcorp, Valtra and Componenta.

  • Where is Glaston headquarters?

    Glaston headquarters is located at Lönnrotinkatu 11, Helsinki.

  • Where are Glaston offices?

    Glaston has offices in Helsinki, Tampere, Cherry Hill, Revesby and in 5 other locations.

  • How many offices does Glaston have?

    Glaston has 10 offices.