Steep Revenue DeclineA pronounced revenue contraction (reported ~-23.7%) erodes scale and reduces the leverage of fixed costs, pressuring operating margins and investment capacity. Sustained top-line declines undermine dealer and service networks, make R&D funding harder, and can lead to structural market share loss if not reversed within the medium term.
Sharp Free Cash Flow DeteriorationA roughly 54% drop in free cash flow signals weakened liquidity and impaired ability to self-fund capex, spare-parts inventories, and software development. Persistently weak FCF increases dependence on external financing, limiting strategic flexibility and raising execution risk for product and service investments over the coming quarters.
Negative Profitability And ROENegative EBIT/net margins and a negative ROE indicate the business is not currently delivering returns on invested capital. Persistent unprofitability erodes equity, limits reinvestment capacity, and can constrain hiring, R&D, and aftermarket expansion—creating structural challenges to restoring sustainable growth and shareholder value.