EBIT DeclineEBIT fell by -92% YoY to €1.7m at a margin of 0.5%, mainly driven by underutilisation in Radiators where the EBIT turned negative.
Net DebtNet debt at the end of the year was €12m, down from net cash of €71m, worse than expected.
Radiator SalesRadiator sales continue to decline, impacting the company's overall performance.