Balance Sheet StrengthVery low leverage and a high equity ratio give the company durable financial flexibility. This reduces refinancing and solvency risk, supports investment or M&A optionality, and provides a buffer through downturns — enabling longer-term strategy execution without urgent financing needs.
Cash Flow ConversionHigh conversion of earnings into operating and free cash flow indicates disciplined working-capital and client-billing dynamics. Strong cash generation supports reinvestment, funds client project growth, and lowers dependency on external capital, sustaining operations and strategic initiatives over time.
Improving ProfitabilityRobust gross margins and recovery to positive net margins show structural cost efficiency and regained pricing or utilization. Improved EBIT/EBITDA margins reflect operational fixes and higher profitability resilience, supporting sustainable earnings if top-line pressures are managed.