Report
Ole Martin Westgaard
EUR 478.99 For Business Accounts Only

Sats (Buy, TP: NOK22.00) - Out of the woods, time for reward

Despite fierce competition, SATS grew its membership base in Q2 at higher yields. The already significantly reduced debt level and the reinstated dividend policy with a potential for near-term share buybacks support that the positive trend should be here to stay. We reiterate our BUY and have raised our target price to NOK22 (20) on positive estimate revisions.
Underlying
Provider
DnB Markets
DnB Markets

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.

 

Analysts
Ole Martin Westgaard

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