Sales and profitability declined year-over-year due to lower capacity utilisation, restructuring costs, and the absence of a prior-year property sale gain. Hydraulics and municipal segments showed resilience, while agricultural and glass divisions faced headwinds. Financial position remains solid w…
Sales and profitability declined year-over-year due to lower capacity utilisation, restructuring costs, and the absence of a prior-year property sale gain. Hydraulics and municipal segments showed resilience, while agricultural and glass divisions faced headwinds. Financial position remains solid with strong net cash and equity ratio.
Original document:
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.