Financial OutlookSales forecasts for FY-24/25 and FY-25/26 have been reduced by 11% and 12%, respectively, and adjusted EBIT by 44% and 38%.
Management OutlookLEM's management also provided a disappointing full-year outlook, which should lead to double-digit sales and earnings cuts vs. still partly outdated market estimates.
Market ConditionsMarket conditions are unlikely to improve in the shorter term due to remaining inventory adjustments across different market areas.