Strong Operating Cash Flow And ConversionConsistently strong operating cash flow and improved cash conversion reinforce financial resilience. Durable OCF supports dividends, funds restructuring and IT programs, and allows debt reduction or targeted investment even if margins remain pressured, reducing funding risk over 2–6 months.
Product Innovation And Commercial MomentumFresh product launches that get positive feedback can drive sustainable demand, improve competitive positioning, and increase attach rates for services/consumables. Over the medium term this supports market share recovery and structural revenue resilience versus peers lacking recent innovation.
Working Capital And Balance Sheet ImprovementImproving working capital and an equity ratio near 50% increase liquidity and financial flexibility. Lower working capital days and manageable leverage enable the company to sustain dividends, fund strategic initiatives, and better absorb margin volatility without immediate external financing.