Slower end to '23 but positive market signals

1% organic sales growth y-o-y. Profitability still at a good level. Lower utilisation rather than drop in demand.

Q3 report alleviates fears in the market

4.5% organic sales growth y-o-y. EBITA margin flat y-o-y adj. for calendar. Adjusting expectations, '24e EBITA down 7%.

Should continue to perform in Q3

6% organic growth expected in Q3. We are a bit more cautious long-term. Report due 26 October.

Demand is holding up as market normalises

13% sales growth y-o-y, of which half was organic. EBITA margin of 9.2% (10.4%). Slight negative estimate revisions, '23e EBITA down 1%.

Solid demand picture to continue in Q2

Continued operational momentum in Q1

12% organic growth, EBITA margin of 15.1% (14.1%). Increased financial targets. Positive estimate revisions, '23e EBITA up 10%.