Electrolux Professional (Hold, TP: SEK73.00) - Capturing the potential post-pandemic
Electrolux Professional’s investor day revealed the market recovery is continuing and the company is now able to shift its focus to executing its (unchanged) strategy. This follows some challenging years when the pandemic and spin-off from Electrolux have taken up much of management’s time and attention. We reiterate our HOLD and have lifted our target price to SEK73 (70).
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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