In 2023, the industry encountered significant challenges, with 68% of companies missing their initial guidance. The group of companies experienced a notable 13% decline in sales and a 21% drop in EBITDA.
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In Q3 2023, the industry faced yet another exceptionally challenging quarter, leading 50% of the companies we cover, which offer guidance, to revise their outlook downward. At consolidated level, the group companies experienced a notable 13% decline in sales and a 18% drop in EBITDA.
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In Q2 2023, the industry grappled with significant challenges, experiencing a notable 17% decline in sales and a 29% drop in EBITDA.
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In Q1 2023, the Industry encountered notable challenges, witnessing a combined sales volume and EBITDA drop of 11% and 20%, respectively.
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