Acquisition And Geographic DiversificationIntegration of the Nabtesco acquisition shifted the revenue mix toward industrial activities and diversified geographies, strengthening the company's positioning beyond short-term market swings.
Financial Strength And LiquidityStrong cash generation materially reduced net debt and resulted in very low leverage, enhancing financial flexibility to fund projects and absorb cost pressures.
Industrial Sales GrowthAcceleration in the industrial division is driving overall sales and offsetting weakness in agriculture, supported by growth across Europe, Asia Pacific and Latin America.