Mr Green: New initiatives for growth

Research Update

2017-05-10

09:47

Mr Green presented, yet again, a report that beat our expectations. The most important thing is that the growth rate continued at a healthy level; earlier conducted strategic actions are now clearly visible in the numbers. Revenues grew by 26% annually. Deposits and Customers also rose significantly. Mr Green is now taking initiatives for securing long-term growth. During 2017 the company will re-launch Garbo, broaden to number games, enter both Denmark and South America, launch an improved Sportsbook and more actively take part in the consolidation of the industry. Our confidence in the case of Mr Green increases, and we make some positive forecast adjustments. Our Fair value estimate, in Base-case, is increased to 69 (65) SEK per share.

KL

Kristoffer Lindström

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