SWX:ZEHNBuilding
Zehnder Group (SWX:ZEHN) Profit Recovery Raises Fresh Questions Over Margin Durability
Zehnder Group stock closed at CHF67.70 on Friday after a steady run over the past month. Yet the real story sits in the income statement rather than the ticker. The latest half year numbers put a bright spotlight on profitability. Net profit margin now stands at 6% compared with 2.4% a year earlier and earnings over the past 12 months are sharply higher.
That kind of margin rebuild matters more than a single day’s move. For long term investors in building ventilation and climate systems, the...