“Slightly” is quite an understatement considering both beat estimates by double digits. Even by 25% in terms of operating profit (EBIT).
The cyclical turnaround is definitely showing now, and performance is consistently beating expectations. Strong execution across the board, and you can’t really find anything negative in there even if you try. Delfin’s profitability level also appears to be on the rise now. Indeed, the increase in working capital also foreshadows strong growth for Q4. The product mix was more favorable this quarter than it will be in Q4.
It really feels great waiting for the Capital Markets Day and new M&A.