Financial Snapshot

PASTF faces low visibility due to geopolitical tensions and ongoing discussions needed for price recoveries. The lighting segment still faces challenges in reaching break‑even and achieving steady growth. Adjusted EBITDA reached EUR 488 million, 9.4% of sales, while CapEx was EUR 256 million, close to 5% of sales. Debt leverage is at 1.4 times the EBITDA, with liquidity standing at EUR 2.5 billion, including EUR 600 million of available cash and EUR 1.9 billion of undrawn lines of credit.