Betsson (Buy, TP: SEK100.00) - Figures on track, share price not
After a second consecutive remarkable quarter with substantial improvements (EBIT growth of c50% YOY), we have raised our 2018–2020e EBIT forecast by 5%. To us, the numbers indicate that Betsson has simultaneously improved the product, marketing ROI, and administrative cost efficiency. We have raised our target price to SEK100 (95) and keep our BUY.
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.