Wilh. Wilhelmsen Holding (Buy, TP: NOK235.00) - Closer look at Edda Wind
We have updated our model for the Q4 results and the recent adjustments to our WAWI model, leading to a 2% increase in our 2021e EBITDA. The company is involved in several interesting energy transition ventures, with Edda Wind looking the most interesting at this stage; we expect more details to be announced shortly. We reiterate our BUY and NOK235 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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