Aker Biomarine (Hold, TP: NOK84.00) - Weak harvesting again
We consider this a negative report for Aker BioMarine, including results broadly in line with expectations, but with weak harvesting and soft guidance. We expect 10% negative revisions to consensus 2021e adj. EBITDA on the back of the report and believe a negative share price reaction is warranted.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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