Division PerformanceThe Pumps division's weak margins have negatively impacted overall adjusted EBITDA projections.
EBITDA MarginsAdjusted EBITDA stood at €26.5mn, exceeding the forecast of €25mn by 6%, but concerns remain due to weak margins at the Pumps division.
Financial PerformanceAdjusted EBITDA came in significantly below projections, largely driven by weak margins at the Pumps division.