Betsson (Buy, TP: SEK100.00) - Strong sportsbook momentum
We keep our BUY and have raised our target price to SEK100 (90) after Betsson’s reverse profit warning for Q3, which included all-time high quarterly EBIT c50% above consensus and our estimate. We have raised our 2022e EBIT by 15% and 2023e by 10%, and believe Q4 should be another strong quarter, supported by the upcoming FIFA World Cup. We are now c20% above Infront consensus on 2022–2024e EPS.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.