Betsson (Buy, TP: SEK90.00) - Small steps in the right direction
Q1 earnings and cash flow surprised positively, but were offset by soft Q2 trading so far. We have left our earnings forecasts intact and expect the current small signs of improvement (e.g. streamlined organisation, underlying earnings and cash flow growth) to be increasingly visible throughout the year. We keep our BUY recommendation and SEK90 target price.
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.