Vimian (Buy, TP: SEK120.00) - Q3 profitability disappoints
Vimian’s Q3 profitability and outlook clearly disappointed the market, which sent the stock down c10% on Friday. Despite the still-cautious outlook, we believe margin pressure should abate in 2022. We have lowered our target price to SEK120 (128) but reiterate our BUY.
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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