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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Glamox
Glamox (GLAM) investor relations material
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Glamox Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary23 Apr, 2026
Executive summary
Achieved record-high order intake of NOK 4,694 million, up 4.9% year-over-year, despite a slight 0.9% revenue decline to NOK 4,447 million.
Profitability improved with adjusted EBITA up 1.6% to NOK 691 million and margin rising to 15.6%.
Strong growth in Marine, Offshore & Wind (MOW) offset weaker Professional Building Solutions (PBS) new-build demand.
Strategic focus on connected lighting, digitalisation, and sustainability drove operational and margin gains.
Financial highlights
Adjusted EBITDA increased to NOK 807 million (18.2% margin), up from NOK 797 million (17.8%) in 2024.
Operating profit rose to NOK 556 million from NOK 525 million year-over-year.
Net profit reached NOK 319 million, up from NOK 305 million.
Earnings per share improved to NOK 4.84 from NOK 4.62.
Net cash flow from operating activities was NOK 506 million, down from NOK 695 million, mainly due to higher inventories.
Equity ratio strengthened to 28.0% from 25.0%; leverage ratio improved to 0.8x adjusted EBITDA.
Outlook and guidance
Long-term growth prospects remain positive, driven by demand for energy-efficient smart lighting and investments in offshore energy, navy, and wind sectors.
Near-term visibility is uncertain due to macroeconomic factors, but the business is well-positioned to capitalize on growth opportunities.
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Latest events from Glamox
Next Glamox earnings date
Q4 202628 Apr, 2027
Glamox
Next Glamox earnings date
Q4 202628 Apr, 2027
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Frequently asked questions
Glamox is a Norwegian industrial group specializing in the development, manufacture, and distribution of professional lighting solutions. The company targets a global market, offering a wide range of products including luminaires, navigation lights, searchlights, and electrical heaters, catering primarily to the marine and offshore sectors. Glamox emphasizes energy efficiency and sustainability in its lighting technologies, aiming to enhance the performance and well-being of individuals in various environments. The company also provides solutions for non-residential buildings, such as offices and production facilities, ensuring each customer receives dedicated support regardless of the application's complexity.The company is headquartered in Oslo, Norway.