Margin Pressure And Regional LossesThere is risk that cost savings will only offset pricing pressure while the China facility may return to loss-making, creating downside pressure on margins and earnings.
Sector Weakness And Trading OutlookWeak trading driven by seasonal softness, subdued automotive demand, aerospace supply-chain constraints and medical headwinds in the US and China could keep revenue stagnant.
Structural Competition And Volume StagnationSustained structural headwinds from material substitution and increased competition have limited volume growth despite years of investment, constraining long-term upside.