Elektroimportøren (Buy, TP: NOK95.00) - Q4 takes the spotlight
Elektroimportøren reported strong Q3 results and was confident in continued B2B growth, but appeared cautious on the B2C growth going into the two most important months of the year. The inventory situation remains uncertain but the company does not foresee any major challenges in this area and sales growth so far in Q4 has been on a par with last year. We reiterate our BUY and NOK95 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.