BIT:ECNLLuxury
Aquafil (BIT:ECNL) Stock Profit Rebuild Gains Traction Despite Softer Revenue
Aquafil stock closed at €1.422 on Friday after a choppy year that left the 90 day return slightly in the red, while the past month crept higher. The quick take from the fresh Q2 report is simple: profitability is edging back into view. Net income reached €2.14m on revenue of €137.767m and followed a smaller profit in Q1 after a run of quarterly losses.
The real story is the margin repair behind those numbers. Management is leaning hard on cost cuts, pricing actions and higher margin ECONYL...