Investor meeting feedback, perception and follow-up actions.
Liked the margin recovery and execution commentary. Wants more visibility on working-capital normalization and capital allocation priorities.
Comfortable with the operating trend, but wants more clarity on segment-level margin drivers before revising estimates.
Constructive on growth visibility and management execution. Requested a follow-up after the next monthly operating update.
Concerned about near-term cash conversion and wants evidence of improvement before reconsidering the position.
Earnings quality was viewed positively. Requested the latest investor presentation and peer valuation context.
Strong interest in medium-term growth, with recurring questions around cash conversion and return ratios.
Most questions focused on margins, working capital and the pace of order conversion.