Handicare (Buy, TP: SEK60.00) - Strategy to deliver in Q4
We expect Handicare to have continued the trends seen in Q3 and hence report strong Q4 results on 16 February at 08:00 CET. We expect Q4 to be the quarter when management delivers on both the outlined hub and M&A strategy. We expect organic growth to have been driven by the US, where we forecast continued high growth in Accessibility from cross-selling. We keep our BUY recommendation and SEK60 target price.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.
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