Enterprise Segment Revenue Growth
Revenue from the Enterprise segment grew significantly by 18% to EUR42 million, driven by the adoption of location technology products across various sectors.
Automotive Operational Revenue Increase
Automotive operational revenue increased by 5% year-on-year to EUR83 million, attributed to the growing adoption of products within vehicles.
Gross Margin Improvement
Gross margin increased to 88%, up from 86% last year, due to a greater contribution of high-margin location technology revenue.
Positive Free Cash Flow Movement
Free cash flow improved to an outflow of EUR3 million, compared with an outflow of EUR9 million last year, mainly due to a lower payout for personal-related accruals and favorable movement in receivable position.