Getinge (Hold, TP: SEK105.00) - We expect a soft Q1
Getinge ended 2017 with a very weak report (to some extent due to high one-off costs) and we expect the start of 2018 to also be rather soft (report due at 10:30 CET on 26 April). Among other things, the company said Q4 operating costs would be a good quarterly proxy for 2018. Also, Q1 should be affected by one-off costs (cSEK350m) related to the ongoing investigation in Brazil. We reiterate our HOLD but have lowered our target price to SEK105 (SEK110) ahead of the report.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.