Doro Q3’17: Weak overall and North America still in a free fall

Research Note

2017-10-24

18:09

Doro's Q3 report was rather weak with sales of SEK 465 million and EBIT of SEK 21 million compared to our estimates of SEK 518 million and SEK 28 million. Our failed sales estimate was related to all of Doro's geographical areas, except the UK, but especially the usually strong DACH was disappointing. The order intake only grew 0.6 percent equal to SEK 561 (expected: some SEK 600 million), meaning our current Q4 and full year 2017 estimates likely is too optimistic.

VW

Viktor Westman

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