OM:ABSOBuilding
Absolent Air Care (OM:ABSO) Margin Miss Challenges Bullish Growth Narrative Ahead of Earnings Season
Absolent Air Care Group (OM:ABSO) posted a net profit margin of 6.8%, down from 9% last year, as annual earnings declined after five years of steady 12.1% per year growth. While the company's price-to-earnings ratio stands at 27.9x, topping both the European Building industry and peer averages, market optimism is evident as forecasts point to robust profit growth of 43.6% per year and revenue expansion of 11.2% per year, outpacing local industry estimates. Investors are weighing the strong...