Strong Order Intake
Order intake was over EUR 1.9 billion, with a book-to-bill ratio of 1.02, indicating strong demand despite a weak truck market.
Increased EBITDA Margin
Operating EBITDA margin increased to 12.3%, 80 basis points higher than the previous year, driven by good operating leverage and better pricing.
Successful Bond Issue
Issued a dual tranche bond amounting to EUR 1.1 billion, including the first green bond, which was 4x oversubscribed.
Positive Rail Segment Performance
Rail segment revenues increased by around 7%, with an operating EBITDA margin increase of 160 basis points to 16%.
Free Cash Flow Improvement
Free cash flow improved to EUR 184 million, contributing to a 9-month level improvement of nearly EUR 200 million.