RE:Some explanations doesn't worksI have no idea at all. Last year, Bart was referring to this Margin rate reduction from 16% to 15% going into 2025. I don't remember why that was so. Either way, that's is heavy from 16.4% to 15.2% year to year. It could have something to do with product mix, but you're right there is something else is going on there. I don't know what?
Tempo1 wrote: They explained that the margin was lowered by the product mix (less large jets and service in %).
But large jets is still at 48% (14/29 VS 19/39) and services are at 23% instead of 25%.
That is not enough to explain a reduction of 9% of the EBITDA margin (16,4% to 15,2%).
Hoping that the concerence call will tell more.