Skistar (Buy, TP: SEK150.00) - Record season in the outlook
SkiStar’s Q1 tends to be a low-season quarter that saw higher costs than forecast but with limited carry-over effects, implying only minor forecast changes. We still find booking trends solid for high season 2023/24 (up 9% YOY), suggesting strong results as in earlier recessionary periods. We like SkiStar’s operating model, pricing power, and positive market trends (staycations and ESG). We reiterate our BUY and have raised our target price to SEK150 (138).
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.