Rusta (Buy, TP: SEK56.00) - A solid first report
We consider this a positive report for Rusta, including figures significantly above our expectations. We expect c15–20% positive changes to consensus 2023e adj. EBITA on the back of the report and believe a positive share price reaction is warranted. Note that the shares had performed strongly into the figures.
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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