Stable Equity BaseA high equity ratio and stable equity base provide a durable financial buffer against cyclical construction demand. This stability supports capital spending, working-capital needs and supplier confidence, enabling the company to sustain operations and execute strategy despite earnings volatility.
Improving Free Cash FlowRecent improvement in free cash flow enhances financial flexibility, allowing self-funding of maintenance capex, inventory management or debt reduction. Stronger cash generation is a structural positive that can underpin medium-term stability even if accounting profits remain weak.
Value-added Processing ModelOwning processing and value-added capabilities creates differentiation versus pure traders, enabling premium product mix, higher per-unit margins and closer customer ties. This vertical capability helps protect margins and supports durable demand from residential and commercial construction segments.