OM:FGConstruction
Fasadgruppen (OM:FG) Stock Rebounds As Profit Returns But Margins Tighten
The market has spent the past month pushing Fasadgruppen Group down about 6% and roughly 10% over three months, yet Q2 landed with a very different message. The stock closed at SEK18.88 going into the release, while the business produced SEK1,412.4m of revenue and returned to a quarterly profit with basic earnings per share of SEK0.71.
For a construction services group that has been wrestling with losses over the past year, that margin squeeze story is what traders are reacting to today. The...