The company’s revised outlook projects earnings before interest and taxes to land between 150 million and 170 million euros, a notable retreat from its earlier guidance of 175 million to 195 million euros. Management attributed the shortfall to a combination of external economic pressures and internal operational hurdles.

Specifically, ongoing modernization efforts at container terminals and broader infrastructure upgrades have disrupted throughput and transport volumes more severely than initially modeled. These domestic bottlenecks, compounded by a sluggish economic climate and the lingering effects of harsh winter weather earlier in the year, have diminished the company’s ability to recover volume momentum before the close of the period.