Elektroimportøren (Buy, TP: NOK14.50) - Set for brighter 2025
We are slightly positive ahead of the Q4 results, expecting higher revenues and improved gross margins in Norway and Sweden. We reiterate our BUY and our NOK14.5 target price as we continue to find the valuation attractive, with signs of improved financial performance and market outlook.
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.
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