Sales of EUR 34.0m, up 4% y/y organically, growing for the second quarter in a row. Sales were 3% above our EUR 33.1m estimate. Sales grew y/y in Electronics and were flat y/y in Technical Trade. Oper. EBIT of EUR 1.3m, above our (EUR 1.0m) est. Oper EBIT in Technical Trade (EUR 0.9m) was slightly above our (EUR 0.8m) est, and in Electronics (EUR 1.0m) above our (EUR 0.6m) est. Leverage was lower than we had expected at 3.1x without hybrid (SEBe 3.4x) and 4.9 with hybrid.
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