Report
Soomit Datta
EUR 9461.00 For Business Accounts Only

WISE (Buy, TP: £6.70, +25%) WISE: Price increases to provide further support

WISE has been rolling out quite significant price increases across its base over the last week. This reflects rising costs - as already flagged to the market - and provides more comfort on core profitability. Perhaps more importantly, however, it's a pretty clear signal that NII will not be used as a significant profitability prop for the foreseeable future, which means NII gains should drop down through the P&L and drive consensus upgrades.
Underlying
Wise Group AB

Wise Group AB is a Sweden-based provider of services and tools in the area of human resources management (HRM). It is a parent company within the Wise Group (the Group). The Group offers Web-based services within process descriptions and document support, expertize and capacity within professional consultancy services, as well as recruitment, management outplacement and career coaching. As of December 31, 2011, the Company had six subsidiaries, which operated as separate business segments, namely Netsurvey Bolinder AB, responsible for employee and customer surveys; Wise Consulting AB, responsible for coaching, conversions and human resources (HR) consulting; Wise OnLine AB, offering online services for information and decision support in the HR area; K2 Search AB, a search and executive search company; Wise Professionals AB, engaged in the recruitment of skilled staff for advanced services, and Talentum HR AB, offering consultancy, guidance, education and seminars.

Provider
New Street Research
New Street Research

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Analysts
Soomit Datta

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