HLSE:SAVOXCommunications
Savox Communications Oyj (HLSE:SAVOX) Stock Faces Premium Valuation After Wider Q2 Loss
Investors gave Savox Communications Oyj a muted nod after the Q2 print, with the stock roughly flat over the past week despite a fuller picture now emerging. The communications equipment specialist delivered €12.4m in quarterly revenue and still reported a loss at the bottom line, which jars with its premium P/E of 29.7x.
The main focus is the squeeze on profitability in the quarter compared with a backdrop of solid trailing margins. Investors are paying an above-industry multiple for a stock...