Report
Simen Mortensen

Self Storage Group ASA (Buy, TP: NOK18.50) - Step-by-step growth

During Q2 two sites were acquired – one in Trondheim for NOK8.5m and one in Kristiansand for NOK7m. We see support for our forecast of step-by-step growth for SSG. We expect 8% top-line growth in Q2; the results are due on 15 August (time TBC). We reiterate our BUY recommendation and NOK18.5 target price.
Underlying
Self Storage Group ASA

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
Simen Mortensen

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