BIT:ORSConsumer Retailing
Orsero (BIT:ORS) Stock Revenue Holds Up While Profit Margins Tighten
Orsero stock came into this earnings print quietly grinding higher, with the share price up about 9.1% over the past three months and closing at €16.96 on 11 September. The headline is not the top line. The real story is a squeeze on profitability in a low margin fresh produce business that already runs on thin spreads.
First half revenues reached €860.5m, yet adjusted EBITDA slipped to €45.6m and adjusted net profit to €18.6m. For a distributor that depends on every euro of gross margin,...