Strong Performance in Railway Systems
The Railway Systems segment saw good market demand globally, leading to strong performance. Good order intakes and long-term contracts contributed to this success.
Growth in Aerospace and Warehouse Business
Aerospace industry showed strong demand, and the high-bay warehouse business continued to grow with significant investments and production enhancements in the U.S. and Brazil.
Greentec Steel Project Progress
The Greentec steel project is on track with approximately EUR 500 million already invested out of a EUR 1.5 billion budget, focusing on decarbonization and modernization.
Stable Low Debt Situation
The company maintained a stable low debt situation with a gearing ratio of 22% and an equity ratio of 47%.
Positive Free Cash Flow
Despite challenges, the company achieved a free cash flow of EUR 309 million, focusing on optimizing working capital and streamlining capital expenditures.