Cambi (Buy, TP: NOK20.00) - Solid report
Cambi reported Q2 EBITDA of NOK22.6m versus our estimate of NOK19.4m, with the beat driven by higher revenues in Cami Invest than we had forecast and lower total costs. Also, it now guides for a 2021 EBITDA margin of 12–14%, which we welcome. All in all, we consider the report as solid, and expect a small outperformance today.
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.