Stillfront Group (Buy, TP: SEK50.00) - Set for organic growth in H2
We expect stable YOY organic revenue growth in Q2 to reveal Stillfront is one step closer to its ambitious 2022 target of single-digit organic revenue growth. Investor focus remains on its potential to return to organic growth (progress of the games and UA strategy) and comments on the mobile gaming business’ potential to cope with a weaker economic outlook. Our forecasts are unchanged ahead of the Q2 report (due at 07:00 CET on 21 July), and we reiterate our BUY and SEK50 target price.
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.
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