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ABGSC Healthcare Research ... (+2)
  • ABGSC Healthcare Research
  • Morten Larsen
ABGSC Healthcare Research ... (+2)
  • ABGSC Healthcare Research
  • Morten Larsen
ABGSC Healthcare Research ... (+2)
  • ABGSC Healthcare Research
  • Morten Larsen
ABGSC Healthcare Research ... (+2)
  • ABGSC Healthcare Research
  • Morten Larsen
ABGSC Healthcare Research ... (+2)
  • ABGSC Healthcare Research
  • Morten Larsen
ABGSC Healthcare Research ... (+2)
  • ABGSC Healthcare Research
  • Morten Larsen
ABGSC Healthcare Research ... (+2)
  • ABGSC Healthcare Research
  • Morten Larsen
ABGSC Healthcare Research ... (+2)
  • ABGSC Healthcare Research
  • Morten Larsen
ABGSC Healthcare Research ... (+2)
  • ABGSC Healthcare Research
  • Morten Larsen
ABGSC Healthcare Research ... (+2)
  • ABGSC Healthcare Research
  • Morten Larsen
ABGSC Healthcare Research ... (+2)
  • ABGSC Healthcare Research
  • Morten Larsen
ABGSC Healthcare Research ... (+2)
  • ABGSC Healthcare Research
  • Morten Larsen
ABGSC Healthcare Research ... (+2)
  • ABGSC Healthcare Research
  • Morten Larsen
ABGSC Healthcare Research ... (+2)
  • ABGSC Healthcare Research
  • Morten Larsen
ABGSC Healthcare Research ... (+2)
  • ABGSC Healthcare Research
  • Morten Larsen

Intriguing company transformation in progress

7% CER growth, 19-23% EBIT beat and now net cash positive. Company being reshaped, pipeline strengthening. Attractive 12% FCF yield, company becoming stronger.

ABGSC Healthcare Research ... (+2)
  • ABGSC Healthcare Research
  • Morten Larsen

Impressive cash flow

Q1e: -2% revenue growth on FX hit, Strategic brands keeps growing. Vyepti and Rexulti cases gaining more momentum in Q1. The pipeline-rebuilding story has gained traction recently.

Benjamin Silverstone ... (+2)
  • Benjamin Silverstone
  • Morten Larsen

Lundbeck - Cash bonanza and no M&A (yet?)

Q3: a tough act to follow, but good nonetheless FY ‘22e EBIT +8% BUY on strong cash generation and cheap valuation

Benjamin Silverstone ... (+2)
  • Benjamin Silverstone
  • Morten Larsen

Lundbeck - Strong, Strong, Strong …..Strong all over

Q3 EBIT beat 40-53% and DKK 1.4bn in FCF High quality beat with all 4 Strategic Brands beating Cheap + earnings beats + life in the pipeline. BUY.

Benjamin Silverstone ... (+2)
  • Benjamin Silverstone
  • Morten Larsen

Lundbeck - Raises guidance for the right reasons

LUN has raised FY EBIT 100-200m We expect Consensus to hike EBIT by 3-4% Raise confirms growth story and underpins deep value

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