Market DemandA slowdown is expected in the reference market demand in 4Q, particularly in the winding conductor sector.
Profitability ChallengesProfitability worsened due to one-off provisions related to the restructuring plan, and net debt increased to 46.5M due to higher operating net working capital and capital expenditures.
Revenue DeclineVolumes contracted further in 4Q with a 7.5% decline in revenues without metal, and market weakness is expected to continue into the first half of 2025.