SWX:SIKAChemicals
Sika (SWX:SIKA) Stock Rally Runs Into A Margin Squeeze
Sika stock closed at CHF177.00 on 28 July, capping a solid three month run with a 90 day gain of about 23.8%. The market came into this earnings print with confidence already priced in. The headline from H1 is not revenue, which was broadly stable, but the grind in profitability. Net profit margin over the last year sits at 9.4%, lower than the prior 10.5%, even as Sika leans on its Fast Forward efficiency program.
For investors, today is a sentiment check on that margin squeeze. The share...