CPSE:DEMANTMedical Equipment
Demant (CPSE:DEMANT) Stock Caught In A Profit Margin Squeeze
Demant walked into this earnings day with momentum on its side. The stock is up about 22% over the past three months and trading near DKK288.6, helped by a P/E below key hearing care peers despite a strong run. The headline from this report is not the growth story that many investors were leaning on. It is the squeeze in profitability. Net profit margins over the last year sit near 10.3%, lower than the prior year, which jars with a share price that had been pricing in cleaner earnings...