Industrial Division ChallengesThe Industrial division faced a slowdown due to the prolonged contraction of industrial end-markets, particularly in the EU.
Market DownturnThe Industrial division experienced a significant decline, dropping by 19.2% due to the ongoing downturn in European markets and strategic phase-out of non-core products.
Sales PerformancePreliminary sales for the first half were slightly below projections, impacted by dynamics related to VMI agreements with major customers not fully reflecting current performance.