Redeye - Doro adds value with care acquisition

Just before christmas, Doro announced that the Company will acquire Caretech, a leading and well-positioned telecare company within digital safety alarms. Caretech benefits from the transition from analogue to digital safety alarms, a transition that has only just gotten started, where Caretech is leading the way. This will be even more the case in 2015 when the only full chain rival gets excluded from the SKL framework agreement. Caretech provides Doro with a new, stable distribution channel, in form of municipalities, combined with substantially higher gross margins of 60 percent. Including Caretech in our estimates gives us a higher fair value than before. We believe that the Q4 report will be strong, due to the Q3 order intake, and thus could decrease the value gap from today’s share price of SEK 42. Read more about the share value in our PDF-analysis below. 

Read the full analysis in PDF-format: http://znt.se/9sh1

This is a pressrelease from Redeye. Read more of our articles at www.redeye.se.