Financial PerformanceSales forecasts for FY-24/25 and FY-25/26 have been reduced by 11% and 12%, respectively, and adjusted EBIT by 44% and 38%.
Market ConditionsMarket conditions are unlikely to improve in the shorter term due to remaining inventory adjustments across different market areas.
OutlookLEM's management also provided a disappointing full-year outlook, which should lead to double-digit sales and earnings cuts vs. still partly outdated market estimates.