BIT:LUVEBuilding
LU-VE (BIT:LUVE) Stock Faces Premium Valuation After Profit Margin Jump
LU-VE went into this earnings day priced for perfection with a rich P/E of 33.3x and a share price of €62.5 after a choppy three months. The headline from Q2 is profitability, not sales. Net income reached €15.455m on revenue of €171.728m, feeding into a trailing net margin of 6.7% compared with 5.4% a year earlier. For a capital intensive industrial cooling specialist, that margin step is what matters most. The market reaction now hinges on whether investors still accept paying a clear...