Vow (Hold, TP: NOK23.00) - Strong growth already reflected
We forecast H1 EBITDA of NOK52m, slightly below pre-Q1 company-compiled consensus of NOK55m. Vow has continued to make progress in the Landbased segment, with a breakthrough contract in the US in May worth USD27m, while more cruise ships being back in operation is supportive for Aftersales. We reiterate our HOLD, as strong growth is already priced in, but have raised our target price to NOK23 (21) on estimate revisions.Scanship Holding ASA in Norway-based company that designs, engineers, and produces solutions for waste management and wastewater purification for the cruise industry. The Company is also present in aquaculture industry where its products prevents pollution to sea and enable recirculation of valuable resources from fish production.
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.