Solid Cash Flow and Balance Sheet Improvement
Free cash flow increased to more than EUR 42 million, significantly above the previous two years, driven by lower working capital. Cash increased significantly compared to half-year figures due to a successful financing round and strong cash flow generation. Net debt further decreased, and the gearing improved.
Regional Expansion and Strategic Achievements
Double-digit sales growth in the Middle East and Latin America. Successfully moved into a new facility in Saudi Arabia, providing more space for assembly, service, and sales activities. Won an ESG award, highlighting commitment to sustainability.
Oilfield Equipment Division Improvement
Oilfield Equipment returning to profitability with promising sales and profit increase in the third quarter, driven by internationalization efforts, despite a weak U.S. market.