Oslo, Norway, 13 November 2025 – GLX Holding AS, the parent company of Glamox AS, a leading lighting company, today announced its results for the third quarter of 2025. It reported solid results, with growth in order intake and sustained profitability with an adjusted EBITA margin of 17.2%. The company continued to grow in connected lighting and expanded its digitalisation initiatives.
The Glamox Group’s order intake increased 5.2% to NOK 1,002 million (952), up 10.3% for the year to date. Total revenue and other operating income in the quarter decreased by 3.8% to NOK 1,075 million (1,117), mainly due to ongoing softness in the market for the construction of non-residential buildings in its Professional Building Solutions division and project timing and delivery schedules in its Marine, Offshore & Wind division. Adjusted EBITA was down 14.1% to NOK 185 million (215), reflecting lower revenues and changes in the product and customer mix across both divisions. Meanwhile, the adjusted EBITA margin remained healthy at 17.2% (19.3%).
Astrid Simonsen Joos, Group CEO of Glamox, commented: “The third quarter was characterised by a solid performance in a mixed market environment. We saw a healthy increase in our total order intake, driven by strong growth in our Marine, Offshore & Wind division and a return to positive momentum in our Professional Building Solutions division. We also saw expansion in our connected lighting solutions.
“Major wins in our Marine, Offshore & Wind division largely drove growth in our order intake. Notable announcements in the period included a contract to light the wind turbine foundation platforms of Hornsea 3, the world’s largest single offshore wind farm and licensing contracts to light three destroyers for the Royal Canadian Navy. Meanwhile, our Professional Building Solutions division returned to positive momentum, supported by solid retrofit activity with Germany, Sweden, and Denmark leading the way.
“There was strong execution of our digitalisation programmes, including the further rollout of the myGlamox customer self-service portal, which offers customers more choice and improves the customer experience.”
