Earnings ProjectionsThe year-end EBITDA estimate has been cautiously revised down to €10.7 million from €12 million previously, indicating a less optimistic financial outlook.
Financial PerformanceThe estimated gross margin is slightly below expectations, as is the cash generation, both missing targets by about 5%.
Market ConditionsThe market context appears more challenging as energy prices have gradually increased, ranging between €130-150/MWh compared to earlier lower levels.