Abundance of downgrades may put damper on accounting season, says analyst

The upcoming wave of financial reports may bring a number of downward adjustments in its wake, assesses Niels Granholm-Leth, head of equity analysis at Carnegie. This applies to Ambu and GN, among others.

Photo: GN Store Nord / PR

The Danish financial report season is right around the corner, and the expectation is that the Ukraine war, sky-high inflation and strained supply chains will reveal their effect in the shape of guidance downgrades, states Niels Granholm-Leth, head of equity analysis at Carnegie, according to Danish media Børsen.

For the first time since Russia’s invasion of Ukraine, the public will gain insight into how listed Danish companies are being affected by the turbulent market situation.

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