Report
Ole Martin Westgaard
EUR 95.03 For Business Accounts Only

Sats (Buy, TP: NOK25.00) - Q3 earnings in line with consensus

We consider this a mixed report for SATS, including adj. EBITDA in line with consensus, but a soft mix, with all countries except Denmark just below expectations, and a group membership base 5k below consensus. We expect only minor revisions to consensus following the report.
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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