KID (Buy, TP: NOK175.00) - Well-knit growth story
Kid reported Q4 results in line with consensus, as it continues to see strong results from its growth initiatives. We expect the strong growth trend to continue into 2025, and reiterate our BUY and NOK175 target price, as we believe the current valuation does not fully reflect its superior growth prospects and profitability.
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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