EKORNES ASA sees an upgrade to Positive due to a better fundamental star rating
The general evaluation of EKORNES ASA (NO), a company active in the Furnishings industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date September 4, 2018, the closing price was NOK 138.40 and its potential was estimated at NOK 153.12.Ekornes is a holding company. Through its subsidiaries, Co. is engaged in manufacturing and selling of furniture, and distributing its brand name products in the national and international markets. Products are manufactured in six factories in Norway and sold in parts of the world though a network of wholly owned sales companies and importers in selected markets. Co.'s brands include Stressless®, Ekornes® and Svane®. The Stressless® product area includes chair models and sofa model furniture; The Ekornes® product area includes sofa model furniture mainly in Norway; and the Svane® product area includes production of various types of mattresses and beds throughout the Nordic Countries.
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