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Following 3 many years of “major growth” Q1 2024 showed a drop of greater than 23% across all components and is particularly found to portend “several complicated quarters,” mentioned DMASS.

DMASS Europe’s chairman, Hermann Reiter, was eager to strain there is absolutely no trigger for alarm, indicating that this marketplace consolidation was extensive overdue. “Absolutely everyone should have ready to weather some quarters of weak bookings and billings,” he stated, introducing “It does not sound right to more than-respond with cost-slicing now, when there is a enormous possible for recovery throughout all business segments and systems.

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