Guidance ReductionManagement lowered FY25 guidance by -4% and -26% on revenue and EBITA midpoints, respectively.
ProfitabilityProfitability looks even worse than in 1Q25, with EBITA down 81% YoY, reaching a margin of merely 0.6%.
Revenue DeclineH1 revenues declined -4% YoY to €803.8m, while EBITDA dropped -34% YoY to €36.7m.