Oslo, Norway, 27 August 2026 – GLX Holding AS, the holding company of Glamox AS, a leading lighting company, today announced a resilient second-quarter performance. Despite challenging external market conditions, it reported stable Group revenues, with revenue growth in its Marine, Offshore & Wind (MOW) division, offsetting a decline in Professional Building Solutions (PBS) revenues.
Total revenue and other operating income decreased by 0.3%, impacted by mixed market conditions. The MOW division achieved quarterly revenue growth of 10.9%, driven by strong performance in Commercial Marine, Defence & Security, and Wind Energy verticals. This growth offset a 5.7% decline in Professional Building Solutions (PBS) revenues, due to continued softness in the construction of new non-residential buildings in Europe.
Adjusted EBITA for the quarter was NOK 154 million (158), with an adjusted EBITA margin of 14.0% (14.4%). Order intake amounted to NOK 1,132 million (1,178), down 3.9% year-on-year. This decline was due to strong comparables in MOW from the same quarter last year and the continued market headwinds in PBS.
Operating profitability was negatively impacted by targeted investments to improve operational performance and commercial execution. Key initiatives this quarter included streamlining the Group’s manufacturing footprint by consolidating production from factories in the UK and Germany to Poland. The Group continued investing in its Commercial Excellence programme to strengthen customer engagement and commercial execution.
Astrid Simonen Joos, Group CEO of Glamox, commented, “Our second-quarter performance demonstrates the resilience of Glamox’s business model amid continued market volatility. Supported by our diversified and complementary product portfolio across both MOW and PBS, we maintained stable Group revenues despite challenging macroeconomic conditions.”
“We delivered strong growth in our MOW division, with revenues increasing by 10.9%, driven by continued momentum in key verticals including Wind Energy and Commercial Marine. While PBS revenues were impacted by ongoing softness in new-build construction, it was encouraging to see a solid performance in education and healthcare verticals and robust demand for renovation and retrofit projects. We are also seeing attractive growth opportunities in Data Centres, Defence & Security, and connected lighting solutions across both divisions.”
“Looking ahead, our robust performance so far this year provides us with a strong platform for continued progress. The investments we have made this quarter to streamline our operations and strengthen our commercial execution will enhance customer engagement, sharpen market focus, and improve sales effectiveness. Through disciplined execution of our Green Light Plan, we remain well positioned to capture growth opportunities, navigate market uncertainty and build momentum in the second half of the year.”
Please click here for the full GLX Holding AS interim report for the second quarter of 2026.
