Report
Joachim Gunell

IAR Systems Closing in on new inflection points

Slight launch delays mean new products have not offset soft organic growth in recent quarters. We expect the organic sales growth acceleration in 2020e to reverse the weak share-price trend and demonstrate IAR’s leading position ahead of the two hottest emerging structural growth verticals in the embedded industry. We reiterate our fair value of SEK250–300.
Underlying
IAR Systems Group AB

Provider
DnB Markets
DnB Markets

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.

 

Analysts
Joachim Gunell

ResearchPool Subscriptions

Get the most out of your insights

Get in touch