Q1 2024 Earnings Report

Adjusted EBITA margin decreased to 8.3%, as gross margin expansion was offset by under-absorption of fixed costs As % of sales 12 8.9% -2.7% +80 bps 2.0% -1.2% -60 bps -0.2% 0.7% 0.8% 8.3% Q1 23 Volume Price/Mix COGS Indirect Costs Currency Other Q1 24 Signify

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