Order intake and sales declined year-over-year, with profitability pressured by lower gross margins and operating deleverage. The acquisition of VerVent Audio Holding expanded the Entertainment division, while restructuring and higher inventories weighed on cash flow. EBITDA margin fell to 6.2% and…
Order intake and sales declined year-over-year, with profitability pressured by lower gross margins and operating deleverage. The acquisition of VerVent Audio Holding expanded the Entertainment division, while restructuring and higher inventories weighed on cash flow. EBITDA margin fell to 6.2% and net income turned negative.
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