Potrafki highlighted the income statement’s main cost drivers—material costs of around EUR 5.8 billion, personnel expenses of EUR 1.9 billion, and other operating expenses of EUR 1.5 billion—and said lower material costs helped offset the sales decline. She also noted that depreciation and amortization comparisons were influenced by impairments recorded in 2024 related to Mannesmann Precision Tubes and HKM.Despite the lower revenue base, Potrafki said the company stabilized earnings through cost and cash me ...