Cash FlowThe cash conversion in Q2 continued to improve YoY and was once again strong for this time of the year with a FCF of €5.5m, mainly because of better working capital mgmt.
GuidanceFY24 guidance was confirmed with revenues in the range of €1,750-2,000m and EBITDA of €130-155m, implying a margin of 7.6% at the mid-point.
Sales And EBITDA GrowthConsensus still expects 14% and 6% sales and EBITDA growth in 2H.