Revenue 306m, +2/-4% vs ARCe/Cons. at EUR 299/320m, driven by weaker Collection and Recycling sales compared to consensus.EBITA EUR 30m, +5/-22% vs. ARCe/Cons. at EUR 29/38m, as OpEx ended 6% above consensus.Recycling order intake EUR 42m, -38% vs. ARCeFood order intake in line with ARCe at EUR 77m.Q4 revenue guidance for Recycling and Food both ~20% below ARCe.Conclusion: Soft Q3 print vs ARCe with Recycling OI miss and weaker Q4 guidance despite P&L in line (but below cons).
