We fine-tune our FY24-25E estimates, broadly confirming our organic growth and profitability assumptions while anticipating a lower contribution of Eminence. In FY24E, we assume a low-single-digit organic growth, which should reflect a soft start to the year to be followed by an acceleration in 2H24E, while we lower the expected revenue contribution from from previous €18m, in line with the light current trading. On profitability, we assume an EBITDA margin of 22.1% in FY24E, which reflects i) a flat YoY EBITDA margin of 24.2% for B&C Speakers, and ii) a 5% EBITDA margin for Eminence. In FY25E, we project organic sales growth to accelerate to mid-single digit, supported by the favourable underlying trends and the integration of Eminence, with the EBITDA margin seen expanding by 40bps to 22.5%.