SWX:BKWElectric Utilities
BKW (SWX:BKW) Stock Margin Squeeze Clouds Its Low Carbon Buildout
BKW shareholders came into today already bruised, with the stock down about 14% over three months and closing at CHF128.30 just as the latest earnings landed. The immediate question is whether that slide reflects weakening profitability or a market that has fixated on the wrong part of the story.
The key plot line in this earnings release is margin pressure. Net profit margin has slipped from 13.4% to 8.3%, while first half EBIT dropped to CHF262.7m even as net profit reached CHF217.6m and...