Stabilized cost base as a foundation for further development

Production costs were reduced for the second consecutive year and amounted to 44 % of net revenues in the reporting year (previous year: 49 %). Operating expenses stabilized in the financial year 2025 following significant cost reductions achieved in the previous year. Given the restructuring efforts undertaken in recent years, the current cost structure is considered sustainable. The focus now shifts to the targeted implementation of measures to support the intended growth trajectory.