Improved Cash GenerationCash generation has swung positive, with operating cash flow and free cash flow recovery providing durable liquidity. That strengthens the company’s ability to fund working capital, capex, and deleveraging without relying solely on equity or short-term financings, improving financial flexibility over months.
Leverage Materially ReducedA lower net-debt/EBITDA and moderate debt-to-equity indicate reduced refinancing and solvency risk. Improved leverage provides headroom for investment, supports operational turnaround efforts, and reduces interest burden sensitivity — a durable improvement to balance-sheet resilience over the medium term.
LCP / Public-sector Growth And EBITA LiftStrong, repeatable growth in the LCP public-sector segment and marked segment-result improvement signal structural B2B strength. Public-sector accounts and framework agreements can provide recurring volumes and predictable procurement cycles, supporting sustainable revenue and margin recovery over quarters.