ALK B ALK-abello A/S Class B

ALK-Abelló A/S' Annual General Meeting 2020

ALK-Abelló A/S' Annual General Meeting 2020

The Annual General Meeting will be held Wednesday, March 11, 2020, at 4:00pm (CET) at ALK-Abelló A/S, 1 Bøge Allé, 2970 Hørsholm, Denmark.

Coronavirus

In order to minimize the risk of spreading of coronavirus, and as a consequence of the latest recommendations from the Danish authorities, we have decided to cancel the usual refreshments served after the general meeting. We hope that our shareholders understand and appreciate this measure.

At the same time, we encourage all shareholders to reconsider attending the AGM in person. For shareholders, who have registered for the meeting but choose not to attend in person, it will be possible to cast a postal vote online. To cast a postal vote online, you can go to and cast your postal vote before Wednesday, 11 March 2020 at 10:59am (CET). Please note that to cast a postal vote online, you must already have access to netbanking services in Denmark or use a VP-ID with a VP code. You may also scan and e-mail the postal vote form (attached to this announcement) to before Wednesday, 11 March 2020 at 10:59am (CET).

We kindly also ask all persons who have signed up for the general meeting to respect our general travel and visitors policy, according to which anyone who shows symptoms of infection and anyone who, within the past 14 days, has visited areas where the risk of being infected with the virus is high, or who has been in contact with others who have visited these areas or shows symptoms of infection, will not be admitted to our headquarters at 1 Bøge Allé, 2970 Hørsholm, Denmark. Find more information here: /da/Viden/Smitsomme-sygdomme/Smitsomme-sygdomme-A-AA/Coronavirus/Spoergsmaal-og-svar/Questions-and-answers

The presentation (in Danish) from the AGM will after the meeting be available at ALK’s website, /news-events/webcasts-presentations.

ALK-Abelló A/S

For further information please contact:

Investor Relations: Per Plotnikof, tel. , mobile

Media: Jeppe Ilkjær, mobile

 

 

 

Attachments

EN
09/03/2020

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Reports on ALK-abello A/S Class B

Jesper Ingildsen
  • Jesper Ingildsen

ALK-Abello (Buy, TP: DKK190.00) - Expecting solid start to the year

We expect a solid Q1 report, with likely c11% organic growth as well as good margin progress supporting the 2025 guidance. Based on its footprint, we see minimal effect in case of tariffs on pharmaceuticals, with the biggest risk coming from potential reciprocal ones from Europe. We reiterate our BUY and DKK190 target price.

Alk-Abello A S: 1 director

A director at Alk-Abello A S bought 1,606 shares at 155.680DKK and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearl...

Jesper Ingildsen
  • Jesper Ingildsen

ALK-Abello (Buy, TP: DKK190.00) - Sales trump one-offs in Q4

While one-off costs took the initial focus (albeit broadly pre-warned), a solid underlying performance in Q4 was anchored in the important European tablet sales, which exceeded expectations. We find the 2025 guidance in line with expectations, but see upside risk to consensus on the top line given strong momentum in tablet sales in Europe. We reiterate our BUY and DKK190 target price.

Jesper Ingildsen
  • Jesper Ingildsen

ALK-Abello (Buy, TP: DKK190.00) - Expecting strong year end

We expect a strong Q4, with c12% organic revenue growth YOY, but the EBIT margin to be under pressure from well flagged one-offs related to optimisation initiatives and revision of its Chinese plans. We expect the 2025 guidance to be in line with expectations and its long-term strategy announced last year for >10% organic revenue growth and a c25% EBIT margin. We reiterate our BUY and DKK190 target price.

Jesper Ingildsen
  • Jesper Ingildsen

ALK-Abello (Buy, TP: DKK190.00) - Solid momentum reaffirmed

We find ALK’s solid momentum reaffirmed with the strong Q3 results, where higher European tablet sales more than offset the softness in SCIT/SLIT-drops. We believe the results also confirmed continued profitability improvement, leaving ALK on track to meet its 2025 EBIT margin target of c25% and in a position of strength to invest in growth opportunities, with the Neffy deal as a good example. We reiterate our BUY and DKK190 target price.

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