EDB Business Partner is a vendor of IT services in the Nordic region. Co. is organized into three business areas: Solutions; Application Services and IT Operations. The Solutions business area offers a range of software and consulting services for the Nordic banking and finance sector. The Application Services business area delivers a range of consulting services, through Guide Konsult in Sweden and Avenir in Norway. The IT Operations business area comprises network services, infrastructure and applications operations, security services, user support, as well as electronic business support services such as invoice management, payment services, messaging and printing.
  • TickerEVRY
  • ISINNO0010019649
  • ExchangeOslo Bors
  • SectorSoftware & Computer Services
  • CountryNorway
Christoffer Wang Bjørnsen

EVRY (No_rec, TP: NOK) - Discontinuing coverage

We have discontinued coverage of EVRY. Our last published recommendation, target price and estimates should no longer be relied upon.

Christoffer Wang Bjørnsen ...
  • Morten Jensen
  • Nicolay Dyvik
  • Ole-Andreas Krohn

Northern Lights

Christoffer Wang Bjørnsen

EVRY (Buy, TP: NOK45.00) - Merger with Tieto approved

Tieto and EVRY today announced that they have received all required regulatory approval needed to complete their merger, EVRY now having sold off a minor business unit in Norway. EVRY’s last day of trading is expected to be 4 December, and the first day of trading for TietoEVRY is expected to be 5 December. We have raised our target price for EVRY to NOK45 (44), to reflect the implied value of EVRY shares based on our Tieto target price (see our report on Tieto here).

Aksel Øverland Engebakken ...
  • André Thormann
  • Daniel Thorsson
  • Simon Granath

Sector Fast Comment - IT services Q3: solid results, weaker outlook

Sales and margins held up well across the Nordics in Q3 Organic net recruitment and market sentiment turns down Sector at all-time high multiples, risk to the downside

Christoffer Wang Bjørnsen ...
  • Jesper Ingildsen
  • Marius Knudssøn
  • Martin Arnell
  • Martin Huseby Karlsen
  • Mats Bye
  • Ole-Andreas Krohn
  • Patrik Ling
  • Paul Harper

Northern Lights

1 director sold

A director at Evry Asa sold 500,000 shares at 32.500NOK and the significance rating of the trade was 89/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

Christoffer Wang Bjørnsen

EVRY (No_rec, TP: NOK) - Discontinuing coverage

We have discontinued coverage of EVRY. Our last published recommendation, target price and estimates should no longer be relied upon.

Christoffer Wang Bjørnsen

EVRY (Buy, TP: NOK45.00) - Merger with Tieto approved

Tieto and EVRY today announced that they have received all required regulatory approval needed to complete their merger, EVRY now having sold off a minor business unit in Norway. EVRY’s last day of trading is expected to be 4 December, and the first day of trading for TietoEVRY is expected to be 5 December. We have raised our target price for EVRY to NOK45 (44), to reflect the implied value of EVRY shares based on our Tieto target price (see our report on Tieto here).

Aksel Øverland Engebakken ...
  • André Thormann
  • Daniel Thorsson
  • Simon Granath

Sector Fast Comment - IT services Q3: solid results, weaker outlook

Sales and margins held up well across the Nordics in Q3 Organic net recruitment and market sentiment turns down Sector at all-time high multiples, risk to the downside

Christoffer Wang Bjørnsen

EVRY (Buy, TP: NOK44.00) - Transformation continuing

While the Q3 results were slightly below our forecasts, the quarter yet again showed EVRY’s transformation from a legacy IT infrastructure vendor into a faster-growing IT services and solutions provider, with still-solid growth across Consulting- and Applications Services. We have made limited estimate revisions, and we reiterate our BUY and have raised our target price to NOK44 (NOK42).

Aksel Øverland Engebakken ...
  • Daniel Vårdal Haugland

EVRY - Q3 better than Q2, Q4 should be better than Q3

Q3 unimpressive, but financial trend is positive On track for merger, both Tieto & EVRY were better q-o-q Good risk reward: reiterate BUY

Christoffer Wang Bjørnsen ...
  • Morten Jensen
  • Nicolay Dyvik
  • Ole-Andreas Krohn

Northern Lights

Christoffer Wang Bjørnsen ...
  • Jesper Ingildsen
  • Marius Knudssøn
  • Martin Arnell
  • Martin Huseby Karlsen
  • Mats Bye
  • Ole-Andreas Krohn
  • Patrik Ling
  • Paul Harper

Northern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Håkon Astrup
  • Jon Masdal
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

Christer Magnergård ...
  • Christoffer Wang Bjørnsen
  • Eivind Sars Veddeng
  • Frank Maaø
  • Joachim Gunell
  • Jon Masdal
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Christoffer Wang Bjørnsen ...
  • Håkon Astrup
  • Niclas Gehin
  • Ole-Andreas Krohn
  • Stefan Gauffin

Northern Lights

EVRY ASA sees a downgrade to Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of EVRY ASA (NO), active in the Computer Services industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date July 19, 2019, the closing price was NOK 31.35 and its target price was estimated at NOK 29.27.

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