Q2 saw first signals of sequential improvement... After five consecutive quarters of double-digit declines, early signs of stabilization emerged in Q2. Revenues fell c9% y/y, an improvement from the 22% drop recorded in Q1. The rebound was broad-based across divisions, with the Industrial business reaching its trough more quickly, helped by a solid 8% gain in the APAC region. On the profitability side, the cost-cutting program delivered a 17% EBITDA margin (-20bp vs the prior year), a remarkabl ....