Metso Outotec (Buy, TP: EUR7.50) - Strong Q2 pre-released
Metso Outotec this morning released preliminary Q2 headline results well above our estimates and said this was better than market expectations. There is no detailed consensus (Vara), but orders are 19% above our estimate and clean EBITA 57% above, or c4% and c11% on annual basis, respectively. We expect a very positive share reaction.
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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