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On Thursday, the lighting manufacturer presented figures showing strong revenue growth and strong profit.
“Total operating income increased by 7.4 percent to NOK 1,117 million, compared to NOK 1,040 million in the third quarter last year. Adjusted earnings before interest, tax and depreciation (adjusted EBITA) increased by 67.7 percent to NOK 215 million (128 in the third quarter of last year), corresponding to an adjusted EBITA margin of 19.3 percent (12.3 percent)” ‘ wrote the company in a press release.
The figures relate to the company GLX Holding AS, which is the main company of Glamox.
The group reports that orders entered NOK 952 million, which is 3.6 percent lower than in the same period last year.
Astrid Simonsen Joos is CEO of Glamox.
Photo: Glamox
Growing in the maritime industry
– While we continue to see growth for our energy-efficient LED luminaires and lighting control systems for commercial buildings, sales within the marine and offshore energy industries are leading the way with the strongest growth, says Astrid Simonsen Joos, CEO of Glamox in her press release.
A British company bought
In the third quarter, Glamox bought the British lighting company MARL International.
“This acquisition will strengthen the position of the Glamox group as a supplier of lighting solutions for the defense and marine industry”, wrote Glamox.
– MARL International designs and manufactures LED technology and electronic systems that strengthen our market position within lighting systems for the defense industry and naval vessels. This is a sector where our Marine, Offshore & Wind division has big growth ambitions, says Astrid Simonsen Joos.
In the first nine months of the year, Glamox has increased operating income by 5.5 percent to NOK 3,320 million compared to last year, and order intake is up half a percent to NOK 3,158 million (3,142) . Adjusted EBITA result for the first nine months of the year is NOK 496 million, up 31.4 percent from the same period last year (NOK 377), writes Glamox.
2024-11-21 08:03:00
#Showing #numbers
* How does Glamox’s emphasis on “intelligent lighting” [[1](https://www.glamox.com/fi/pbs/)]contribute to its competitive advantage and align with broader industry trends towards sustainability and energy efficiency?
## Lighting the Way: An In-Depth Look at Glamox’s Success
**Introduction**
Welcome to World Today News. Today, we delve into the impressive financial performance of Glamox, a leading lighting manufacturer, as revealed in their recent quarterly report. Joining us are two esteemed guests: Astrid Simonsen Joos, CEO of Glamox, and industry analyst, [Name of Industry Analyst].
**Section 1: Strength in Numbers**
* **Interviewer:** Ms. Joos, your company’s report shows robust growth in both revenue and profits. What are the key drivers behind this success, and can you elaborate on the significance of the 67.7% increase in adjusted EBITA?
* **Interviewer:** [Name of Industry Analyst], from your perspective as an industry expert, how does Glamox’s performance compare to its competitors in the lighting market? What factors contribute to their competitive edge?
**Section 2: Navigating Market Trends**
* **Interviewer:** Ms. Joos, the report highlights strong growth in Glamox’s sales within the marine and offshore energy industries. Can you discuss the trends driving this growth and how Glamox is positioned to capitalize on them?
* **Interviewer:** [Name of Industry Analyst], how do you see the future of the marine and offshore lighting market evolving? What challenges and opportunities lie ahead for companies like Glamox?
**Section 3: Strategic Acquisitions and Growth**
* **Interviewer:** Ms. Joos, Glamox’s recent acquisition of MARL International marks a significant strategic move. Could you elaborate on the rationale behind this acquisition and its potential impact on Glamox’s future growth, particularly in the defense and marine sector?
* **Interviewer:** [Name of Industry Analyst], what are your thoughts on the acquisition of MARL International? How might it reshape the competitive landscape within the defense and marine lighting market?
**Section 4: Looking Ahead**
* **Interviewer:** Ms. Joos, what are Glamox’s key priorities and strategic objectives for the remainder of the year and beyond?
* **Interviewer:** [Name of Industry Analyst], what are your predictions for the future of the lighting industry as a whole? How do you see technological advancements and sustainability trends shaping the market in the coming years?
**Conclusion**
We thank Ms.glucose Joos and [Name of Industry Analyst] for their valuable insights. Glamox’s strong performance and strategic moves paint a positive picture for the company’s future. As the lighting industry continues to evolve, Glamox is clearly poised to remain a leader in innovation and growth.
