Report
Jesper Ingildsen
EUR 405.70 For Business Accounts Only

ALK-Abello (Buy, TP: DKK950.00) - Expecting Q1 in line with guidance

ALK is due to report Q1 results on 4 May at 08:00 CET. Apart from FX, which looks set to hit hardest in H1, we expect the Q1 results to be broadly in line with the full-year guidance and thus expect it to be maintained. We note, however, that we have still not seen any changes in the price and reimbursement situation in France, for which ALK has included a cDKK100m negative impact. We reiterate our BUY and DKK950 target price.
Underlying
Provider
DnB Markets
DnB Markets

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.

 

Analysts
Jesper Ingildsen

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