Q3 saw signs of improvement
In Q3, COM''s top line returned to positive territory with marginally higher y/y profitability. Revenues (of EUR214m) were up c1%. We estimate that organically figures were up in the low single digits (as FX was likely negative in the quarter). The agriculture business (+c5%) drove the increase in the quarter, while the industrial business was marginally down (-c4%) although improving sequentially. EBITDA (of cEUR35m) increased single-digit % vs last year with margin ....
