Conpet Company News - Profitability weakening due to higher opex
Q2 22 top line close to RBIe, while net profit came in at RON 15.3 mn (-14% yoy) due to weaker marginsTransport on the import subsystem increased in Q2, above our expectations, and mitigated the decline of the domestic subsystem
Opex increased by 13% yoy mainly due to a huge increase in raw materials & energy-water expenses (66% yoy)
We rate the Q2 results negatively as the margins are affected by inflation
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