Komplett (Buy, TP: NOK90.00) - Growth set to continue in Q4
Komplett reported strong Q3 results, and Q4 outlook comments were positive, including continued revenue growth despite supply-chain issues hampering its B2C channel. Management was also confident in its inventory situation for B2B and Distribution. We reiterate our BUY and NOK90 target price, and continue to find the valuation attractive.
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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