Elektroimportøren (Buy, TP: NOK15.00) - Back to core
The reported Q4 figures were in line with expectations, as the positive sales and margin trend continued. An increased focus on its core offering and an acceleration of store openings in Norway looks to be yielding results, and we expect this to continue going forward. We reiterate our BUY and have raised our target price to NOK15 (14.5) on slightly increased estimates.
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.