Report
Joachim Gunell

IAR SystemsDriving change in the industry

IAR Systems’ strong Q3 results (22% EBIT beat) support our long-term case with accelerating growth and positive management comments indicating that the Secure Thingz story is on track. As a result, we have raised our estimated by 6% for 2018–2020e, and our fair value to SEK280–350 (270–330).
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

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