Economic Downturn ImpactThe weak performance of the Industrial division declined by 21.9% YoY to € 5.4m, continuing to be negatively impacted by a broad-based economic downturn affecting several end-markets.
Future ExpectationsA reversal of the negative trend in the Industrial division is not expected until at least 2025, prompting the company to optimize operations.
Industrial Division DeclineThe Industrial division experienced a significant decline of 24.5% year over year, impacted by a downturn in the main EU economies.