Demand1Q24 was affected by an ongoing weak demand for beverage and food glass containers, driven by a slowdown in consumption and a general reduction of inventories along the supply chain.
Earnings1Q24 was affected by lower volumes and prices vs. a strong 1Q23, and some non-recurring items further affected profitability.
Industrial Efficiency2024 could be characterised by a still volatile demand affecting the industrial efficiency, and the unbalance between selling prices and production costs, which could take time to settle, probably longer in a scenario of low demand and higher competition.