The company reported third-quarter (Q3) sales of €2.2 billion, slightly exceeding the company-compiled consensus of €2.17 billion.

Key Financial Highlights:

• Q3 EBITDA: €310 million (versus €306 million consensus)
• Q3 Adjusted Net Income: €78 million
• Q3 Adjusted EPS: €1.04 (versus €1.20 consensus)
• End-Q3 Net Debt: €3.4 billion

Outlook for 2025:

• EBITDA: Between €1.25 billion and €1.3 billion
• Recurring Cash Flow: Approximately €300 million
• Targeted Savings: Around €100 million in fixed and variable costs
• Capex Reduction: Further reduced to around €600 million in 2026

The company’s CEO stated that management continues to tightly control costs, capital expenditure, and working capital to optimize performance in 2025 and ensure strong preparedness for 2026.