Agricultural SegmentAgriculture Solutions segment has been affected by sluggish demand, lower prices, and a high year-earlier comparison base.
Earnings GuidanceThe company's FY 2024 EBITDA guidance of EUR 8.0-8.6bn requires a business uptick in Q4, which is deemed highly unlikely given the persistence of low demand in industries like construction or automotive.
Free Cash FlowQ3 free cash flow decreased by 61% to €569 million due to lower net working capital inflow, with earnings remaining depressed.