EarningsQ3 results revealed a recovering trend compared to H1, however, there was a -4.1% miss on EBITDA versus the estimate and a large miss on net profit.
Financial PerformanceThere was a large miss at the net profit level due to FX losses, which boosted the financial charges to levels above expectations.
ProfitabilityThe mid-point EBITDA margin is set to fall to 13.4% from 13.9% in 2023, indicating margin erosion.