Profitability And EfficiencyEBITDA adj. reached EUR 32.5M with a 13.6% margin, thanks to volume increase and efficiencies, and net debt improved significantly.
Sales GrowthTotal sales were up 6.8% to EUR 238M, with Heating & Ventilation division sales growing by 6% and revenues in Metering surging, reflecting the strong order backlog.
Strategic ReorganisationThe reorganisation has proven effective, including the shift from combustion to a combination of combustion and electrification in the Heating & Ventilation.