Q4 came in line
COM reported Q4 results, with EBITDA in line with (BBG) consensus (despite lower sales) and better FCF generation. Revenues were down by c26% organically in Q4 (mainly due to volumes). Agriculture and Industrial segments both slowed at a similar pace, and weakness was broad-based across regions in the quarter. EBITDA came down by 28% y/y in Q4 (linked to lower volumes) with margin closing at 16.8% (down by c20bps). Net debt came down QoQ (to EUR 58m). The BoD proposed a EUR0.8 D ....
