Since Q3 2023, Crealis’ market has faced significant disruption due to two key factors: (i) inventory normalization across supply chains following the pandemic-driven surge (so called destocking phenomenon) and (ii) slightly reduced consumption. As destocking continues, Crealis’ 2024 results landed below last year, with profitability under pressure due to low volumes and consequent reduced operational efficiency. In this challenging environment, Crealis, with Cobepa’s support, is actively implementing operational improvements to enhance resilience and position itself to fully capitalize on the market rebound expected in the coming months.