Financial PerformanceAdjusted EBITDA reached EUR 202m, beating expectations, with margins expanding +305bps YOY on the back of volume growth and PWO synergy realization.
Market GrowthThe main growth engine, up +19% YOY, supported by strong market fundamentals and market share gain.
Strategic InitiativesThe ongoing €500m share buyback and balance sheet optionality for M&A could be beneficial for the company.