Following a rebound in revenue recorded in the first quarter of 2025 – above the average of the previous three quarters – the second quarter is expected to show a satisfactory increase. However, in a market environment characterized by reduced visibility due to geopolitical uncertainty and heightened competitive pressure from Asian players, the Company anticipates that its fourth-quarter 2025 revenue will be impacted by the postponement of certain projects, particularly in North America, and by the pending confirmation of orders from key customers.
While adjusted EBITDA for the first half of 2025 is expected to increase compared to the same period in 2024, supported by solid margins and tight control of operating costs, the Company’s full-year 2025 financial performance will depend on sales volumes at year-end.
As such, the Group is not in a position to maintain its 2025 financial targets and will provide the market with further guidance when it reports its half-year results in September.
Moreover, the strong commercial momentum in the Group’s target markets and the increasing diversification of its customer base across geographies and segments are expected to positively impact 2026 revenues.