Financial PerformanceThe weak performance of the Industrial division declined by 21.9% YoY to €5.4m, continuing to be negatively impacted by a broad-based economic downturn affecting several end-markets it serves.
Future OutlookA reversal of the negative trend in the Industrial division is not expected until at least 2025, prompting the company to optimize operations.
Industrial Division PerformanceThe Industrial division experienced a significant decline of 24.5% year over year, impacted by a downturn in the main EU economies.