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Xvivo Q4 Initial take: Solid - Redeye

The most important aspects are organic growth and gross margins in our view. XVIVO delivers Q¤ organic growth of 27% well ahead of both out (+2%) and market expectations (+6). XVIVO also improves gross margins and delivers solid organic growth for all three business areas. We expect a positive initial market reaction of 3-5% and added support for the our structural XVIVO case.

The most important aspects are organic growth and gross margins in our view. XVIVO delivers Q¤ organic growth of 27% well ahead of both out (+2%) and market expectations (+6). XVIVO also improves gross margins and delivers solid organic growth for all three business areas. We expect a positive initial market reaction of 3-5% and added support for the our structural XVIVO case.
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