Husqvarna (Buy, TP: SEK100.00) - Not just about the weather
March was rather chilly in central and northern Europe, which is likely to have hurt the Husqvarna division’s sales as some retailers/dealers await warmer weather before stocking up. However, we believe this should be offset by further expansion by Gardena, growth for robotic lawnmowers, and still-solid demand for Construction Products. We believe the long-term structural growth story is intact and reiterate our BUY and SEK100 target price. The Q1 results are due out on 24 April.
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.