reports
- Alexander Aukner
- Antti Kansanen
- Christoffer Wang Bjørnsen
- Eivind Sars Veddeng
- Håkon Astrup
- Helge André Martinsen
- Joachim Gunell
- Karl-Johan Bonnevier
- Martin Arnell
- Mattias Holmberg
- Nicolay Dyvik
- Ole Martin Westgaard
- Ole-Andreas Krohn
- Patrik Ling
- Simen Mortensen
METSO NELES OYJ
EURN EURONAV NV
DNB DNB ASA
REZT RADISSON HOSPITALITY AB
SRBNK SPAREBANK 1 SR-BANK ASA
MEDIO MEDISTIM ASA
MOCORP METSO OUTOTEC OYJ
SHOT SCANDIC HOTELS GROUP
ATLAS ATLAS MENKUL KIYMETLER YATIRIM ORTAKLIGI
KLED KUNGSLEDEN AB
DNO DNO ASA CLASS A
BRG BORREGAARD
ASSAB ASSA ABLOY
GETIB GETINGE
KINDSDB KINDRED GROUP
FORTUM FORTUM
YIT YIT
maerskb A. P. MØLLER MÆRSK
KINVb KINNEVIK
LATOb LATOUR
KLOVb KLÖVERN
EVRY EVRY ASA
BIOA B BIOARCTIC AB
NAS NORWEGIAN AIR SHUTTLE
- Patrik Ling
Getinge (Hold, TP: SEK95.00) - A softer quarter than expected
Getinge reported Q1 2018 earnings well below our and the market’s expectations. The miss was mainly due to higher operating costs than expected. Sales actually beat our forecasts and order intake was just a tad short of expectations. We have kept our EPS estimate flat for this year and taken down our forecast by c5% for FY 2019. We reiterate our HOLD recommendation and have lowered our target price to SEK95 (105).
- Antti Kansanen
- Christoffer Wang Bjørnsen
- Eivind Sars Veddeng
- Frank Maaø
- Håkon Astrup
- Martin Arnell
- Niclas Gehin
- Ole Martin Westgaard
- Ole-Andreas Krohn
- Patrik Ling
- Simen Mortensen
- Patrik Ling
Getinge (Hold, TP: SEK105.00) - We expect a soft Q1
Getinge ended 2017 with a very weak report (to some extent due to high one-off costs) and we expect the start of 2018 to also be rather soft (report due at 10:30 CET on 26 April). Among other things, the company said Q4 operating costs would be a good quarterly proxy for 2018. Also, Q1 should be affected by one-off costs (cSEK350m) related to the ongoing investigation in Brazil. We reiterate our HOLD but have lowered our target price to SEK105 (SEK110) ahead of the report.
- Jon Masdal
- Marius Knudssøn
- Martin Huseby Karlsen
- Ole-Andreas Krohn
- Olof Larshammar
- Patrik Ling
- Rune Majlund Dahl
- Patrik Ling
Getinge (Hold, TP: SEK110.00) - Missed estimates from Getinge
Getinge reported Q4 earnings and the outcome did not reach our estimates or consensus. The major deviation was the gross margin but most cost items were also a tad above our forecasts. Our impression is that the earnings uncertainty remains high in Getinge post Q4 and hence we reiterate the HOLD recommendation. Our target price is adjusted to SEK110 (SEK120) on the lowered estimates.
- Ole-Andreas Krohn
- Patrik Ling
- Patrik Ling
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.