Turnover fell to 35.8 billion, down from 37.9 billion.
The result was in line with expectations, according to Bloomberg.
Increased global geopolitical tensions and macroeconomic uncertainty have affected many customer segments and geographies, writes CEO Nico Delvaux in a comment in the report.
“Our broad diversification in terms of geography and end markets, together with two-thirds of sales being generated in the aftermarket, contributes to stability and resilience across the business cycle,” he adds.
