Companies’ financial accounts, which will be published in the coming weeks, will be surprisingly positive, analysts are saying. Already-implemented cutbacks, layoffs and other efficiency measures mean that a large number of Danish businesses will be able to start 2010 on a positive note.
However, further growth and higher turnover will be needed for the trend to continue through the year, says Sydbank in its prognosis for the upcoming season of financial accounts which is published today. Such conditions are by no means certain to exist, it says.
"Last year’s implemented efficiency measures appear to have resulted in a greater earnings momentum,” says Sydbank’s Head of Equity Research Bjørn Schwarz. “We expect operating margins to increase this year - especially in the first half, which has the greatest potential for gains”
While most experts are now expecting a wide range of positive results, equity analysts at Jyske Bank and Sydbank disagree on price movements in the first quarter of 2010
While Sydbank believes that the market has underestimated the earnings potential brought about by cuts and savings Jyske Bank says that the market already has anticipated the effect such measures will have.
Major Danish companies such as Carlsberg, NKT and Rockwool have already upwardly revised their financial expectations.
However, further growth and higher turnover will be needed for the trend to continue through the year, says Sydbank in its prognosis for the upcoming season of financial accounts which is published today. Such conditions are by no means certain to exist, it says.
"Last year’s implemented efficiency measures appear to have resulted in a greater earnings momentum,” says Sydbank’s Head of Equity Research Bjørn Schwarz. “We expect operating margins to increase this year - especially in the first half, which has the greatest potential for gains”
While most experts are now expecting a wide range of positive results, equity analysts at Jyske Bank and Sydbank disagree on price movements in the first quarter of 2010
While Sydbank believes that the market has underestimated the earnings potential brought about by cuts and savings Jyske Bank says that the market already has anticipated the effect such measures will have.
Major Danish companies such as Carlsberg, NKT and Rockwool have already upwardly revised their financial expectations.
