Report
Jesper Ingildsen
EUR 463.07 For Business Accounts Only

Ambu (Buy, TP: DKK145.00) -

Back-end loaded year well flagged We expect 2019/20 to be unusually back-end loaded due to the terminated collaboration with Tri-Anim and the cost ramp-up in H1. This should be reflected in the Q1 results (due at 08:00 CET on 4 February) and widely expected. Focus looks set be on momentum of already launched Visualisation products and the timing of its duodenoscope approval. We reiterate our BUY and DKK145 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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