ENXTLS:EGLConstruction
Mota Engil (ENXTLS:EGL) Stock Can Record Backlog Lift Margins Enough
Mota-Engil SGPS closed at €4.82 after the market had a day to digest its latest earnings, with the stock already up over the past week and month. The immediate price action tells only part of the story. The headline is the earnings power behind that move. Construction EBITDA, earnings before interest, tax, depreciation and amortization, held a margin of about 17% on roughly €2.9b of revenue and net profit reached €74m. For a contractor that lives and dies on contract quality and cash, the...