Betsson (Buy, TP: SEK90.00) - Far from its potential
We expect fairly stable underlying Q1 earnings YOY on c8% organic revenue growth. Betsson is not yet ‘out of the woods’ but the result from the new management’s actions should be increasingly visible in the figures throughout the year, we believe. In our view, Betsson is performing far from its potential and there could be upside risks ahead to consensus and multiples. We maintain our BUY and SEK90 target price. Results are due at 7:30 CET on 25 April.
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.