News and media

Norne Securities - Focusing on top-line growth after difficult period (02.05.2018)

ABT delivered slightly better-than-feared figures for 2H17, while work on new revenue streams continues with some visible income during 2018 and into 2019 likely. Having also in mind that legal issues are now behind and solid cash position is maintained, we keep our positive stance on the stock with a bit lower TP of NOK 9/sh (10).

Norne Securities - Focusing on the future after difficult 2017 (24.04.2018)

ABT delivered slightly better-than-feared figures for 2H17, while work on new revenue streams continues with some visible income during 2018 and into 2019 likely. Having also in mind that legal issues are now behind and solid cash position is maintained, we are likely to keep our positive stance towards the stock.

Norne Securities 2H17 Preview (report due April 24th) (18.04.2018)

Ahead of the annual 2017 report due on April 24th we have made some adjustments to our model but keep our positive stance at a lowered TP of NOK 10/sh (NOK 12/sh previously).

Norne Securities 1H17 Results analysis (17.08.2017)

ABT reported in-line 1H17 sales and EBITDA yesterday, but adjusted figures were better than expected. New launches are ongoing that should lead to more revenue streams already from 2H17 in line with our expectations. Therefore, after some adjustments to our model, we keep our Buy recommendation and NOK 12/sh target price unchanged.

Norne Securities 1H17 Preview (10.08.2017)

Keeping our positive stance ahead of likely more eventful 2H Ahead of the 1H17 report due on August 16th, we have made some adjustments to our model, but keep our positive stance at an unchanged TP of NOK 12/sh. We admit that the company has challenges, but the pricing of the stock seems still too low for us.