Currency ImpactThe Shipping division's EBITDA was down by EUR 5.7M, impacted by lower freight rates, lower volumes, and a weaker USD exchange rate.
EarningsTotal revenues were down by 2.7% as a result of the progressive normalisation of the shipping activity coupled with adverse climatic conditions and weak consumption.
Financial PerformanceThe Distribution segment was almost flat in terms of revenues and decreasing by around EUR 4M in terms of EBITDA, impacted by lower consumption trends and adverse climatic conditions.