I used to be a professional services engineer in the software sector. My assumption is that "engineering" services are mostly done in advance of other revenue activities. I.e. you hire Engineering to lay out a factory floor and then you buy the machines and run them for ten years.
So, Engineering revenue today is an important predictor of future ongoing revenue. If Engineering is down 31%, that's not good.
Sorry I don't understand this comment at all. Services engineering in the software sector has literally 0 to do with Stevanato's engineering segment. Its engineering segment has little to do with BDS, and more so, BDS makes Stevanato in-source more of its customer's tasks and therefore they would directionally go the opposite way.
I used to be a professional services engineer in the software sector. My assumption is that "engineering" services are mostly done in advance of other revenue activities. I.e. you hire Engineering to lay out a factory floor and then you buy the machines and run them for ten years.
So, Engineering revenue today is an important predictor of future ongoing revenue. If Engineering is down 31%, that's not good.
Sorry I don't understand this comment at all. Services engineering in the software sector has literally 0 to do with Stevanato's engineering segment. Its engineering segment has little to do with BDS, and more so, BDS makes Stevanato in-source more of its customer's tasks and therefore they would directionally go the opposite way.