Report
Stefan Gauffin
EUR 464.72 For Business Accounts Only

Truecaller (Buy, TP: SEK60.00) - iOS launch improving growth

Q3 was solid overall, with record subscriber intake, a return to growth in advertising revenues, and 15% YOY revenue growth. We believe the iOS launch set for Q4 will help boost User revenue growth. We reiterate our BUY and have raised our target price to SEK60 (53).
Underlying
TRUECALLER AB

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
Stefan Gauffin

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