Overview Key strengths Key risks Good position in North American compact construction equipment (CE) market. Parent has weaker credit profile and liquidity position than DBI. Steady performance and cash flow generation. Concentration in compact CE business in the U.S. Exposure to cyclical CE industry. . The company has a good position in the compact construction segment in the U.S., where demand remains resilient. North America is a key market for DBI, accounting for 74% of its revenue (excluding the forklift business) in 2021. Despite rising competition, DBI has been defending this segment's profitability and diversifying product lines. The U.S. housing market is slowing down due to cost inflation and rising mortgage rates. However, housing inventory and construction activity data still
