Friday, February 3, 2017

Nordea: Fingerprint Cards are cheap – the Business world

Christian Fredrikson, ceo of the Fingerprint Cards. Photo: the Fingerprint

Nordea now thinks that Fingerprint Cards look attractive out and describe the shares as “cheap”. It is shown by an analysis on Friday, the day after the company’s financial statements for 2016.

the Bank expects that the Fingerprint Cards in the second quarter will relieve the anxiety triggered by the weak forecast for the first quarter.

As the News agency Directly reported earlier on Friday upgrading Nordea Fingerprint Cards to buy (keep) at the same time as the bank is committed to riktkursen of 60 sek.

In the report stated the Fingerprint revenues in the first quarter will be “considerably weaker” than in the corresponding period in 2016, and referred to the continued effects of the built stock.

Despite the fact that lagereffekten is greater than Nordea expected, does not change the bank’s view on the FPC’s to the full year.

“We are cutting our estimates for the first quarter, but shifts the volumes for the second quarter and the rest of the year, leaving our forecast largely unchanged,” writes Nordea.

the analysis points out Nordea’s market, at the current levels for FPC-share, assuming a significantly lower (nearly half) of) the operating margin in 2017. The bank believes, however, improbable that the margins are collapsing so quickly.

In Friday’s öppningshandel on the stockholm stock exchange recovered Fingerprint Cards slightly, and rose 2.6 per cent to 50:80 sek.


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