BIT:EGLAElectrical
EuroGroup Laminations (BIT:EGLA) Profit Pressure Deepens As Losses Widen
EuroGroup Laminations entered this earnings day with a stock that has drifted, up around 6% over the past week but still down roughly 11% over three months. The long term electrification story remains the bull case. The headline from the numbers is far starker. Q2 revenue came in at €193.1m while the company reported a net loss of €9.6m, extending a run of loss making quarters.
For a business often framed as a pure energy transition play, this quarter put the focus squarely on profit pressure...