Revenue and Profitability Growth
Revenues reached EUR 853 million, surpassing the midpoint of guidance, and adjusted EBITDA margin improved to 19.5%, up by almost 1 percentage point year-over-year.
Semiconductor Business Performance
The semiconductor core business grew approximately 9% year-over-year on a comparable basis, showing strong performance in current market conditions.
Cost Savings and Deleveraging Plan
Achieved EUR 185 million of implemented run-rate savings, ahead of plan, with a target of EUR 225 million. Asset disposals are on track to realize over EUR 500 million.
Strong Cash Flow Improvement
Recorded a EUR 43 million positive free cash flow in Q3, bringing the year-to-date free cash flow to breakeven.
Design Wins and Future Business
Secured a lifetime value of EUR 4 billion in new design wins across various verticals in the first 9 months of the year.