Handicare (Buy, TP: SEK54.00) - Strong beat in Q3
Handicare pre-announced Q3 earnings with significantly higher profit than we and the market had forecast. Revenue is expected at EUR53.2m and EBITA at EUR6.1m, with revenue of EUR40.7m coming from Accessibility, corresponding to organic growth of 6.2% in Q3. We have increased our estimates for 2020e and forward, reflecting greater demand from a higher base. We reiterate our BUY and have lifted our target price to SEK54 (41). The report is due at 8:00 CET on 5 November.Handicare Group is a global provider of mobility solutions in the accessibility and patient handling markets measured by revenue. Co.'s objective is to operate and invest in businesses within the health and rehabilitation sector, own and manage real and personal property and conduct any business compatible therewith.
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.