Navigator shares slide after another net profit fall

Navigator SA

25/07/2025 08:35

** Shares of Navigator NVGR.LS fall around 6.5% after the Portuguese pulp and paper producer reported a 23.5% fall in Q2 net profit to almost 37 million euros ($43.48 million)

** In Q1, the Portuguese company recorded a profit of more than 48 million euros and in Q2 2024 the profit was almost 95 million euros

** The company said that "in early April, given the deep uncertainty surrounding tariffs, the company took the strategic decision of preventively building up stocks in the US"

** That led the company to trim potential sales in the quarter by about 10 million euros

** If losses hold, the stock will see its worst day since early June 2024, when it closed 7.0% lower

($1 = 0.8511 euros)

 (Reporting by Tiago Brandao)

 ((Tiago.Brandao@thomsonreuters.com;))