Q3 2025 Financial Highlights - Revenues reached approximately €1.8 billion, with an adjusted EBIT of around €500 million, resulting in a 28.4% margin[6] - Industrial free cash flow generation was robust at €365 million[6] - Net revenues increased by 7.4% compared to Q3 2024[17] - Diluted earnings per share increased by 2.9% to €2.14[19] - EBITDA increased by 5.0% to €670 million[15] Shipments and Regional Performance - Total shipments were substantially flat, increasing by 0.5% from 3,383 units in Q3 2024 to 3,401 units in Q3 2025[11, 17] - EMEA region shipments increased by 23 units, representing 43% of total shipments[26] - Shipments to Mainland China, Hong Kong, and Taiwan decreased by 33 units[26] - Americas shipments decreased by 25 units, accounting for 31% of total shipments[26] 2025 Guidance Revision - The company revised its 2025 guidance upward, now expecting net revenues of ≥€7.1 billion, compared to the previous guidance of >€7.0 billion[39] - Adjusted EBITDA is now projected to be ≥€2.72 billion, maintaining a margin of ≥38.3%[39] - Adjusted EBIT is expected to be ≥€2.06 billion, with a margin of ≥29.0%[39] - Adjusted diluted EPS is projected to be ≥€8.80[39] - Industrial free cash flow is expected to be ≥€1.30 billion[39]