The company's revenue increased to around 720 million euros ($777.31 million) in the fourth quarter, beating its guided range of 630 million euros to 660 million euros.

The group said it expects its operating margin for the fourth-quarter of 2022 to be approximately 26%, excluding purchase price allocation amortization related to the acquisition of LPE.

($1 = 0.9263 euros)

(Reporting Dina Kartit, editing by Silvia Aloisi)