Elektroimportøren (Buy, TP: NOK93.00) - Revenue growth on tough comparables
Despite tough comparables, we eye continued revenue growth in Q1e (results due at 07:00 CET on 4 May), as strong momentum in B2B offsets a modest decline in B2C, on a high number of closed stores in Q1 last year. We reiterate our BUY and NOK93 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.
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