Sats (Hold, TP: NOK17.00) - Online membership sales at risk
The Norwegian Consumer Authority announced yesterday after close that it believes SATS broke the law when its customers were automatically converted to digital subscriptions post the gym closures in March. We forecast a potential negative revenue impact of up to cNOK80m in Q2 if the automatic conversion proves invalid, and are concerned the negative attention could make it even more challenging for SATS to fight churn.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.