Nordic Leisure: Sales & marketing in focus
Research Update
2018-05-09
07:30
This is an updated analysis and a republication of the initiating coverage published Mars 22, 2018. Both sales and EBITDA came in lower than expected in Q1, mainly explained by the sportsbook, which did not deliver in line with expectations. We have made adjustments to our estimates for the coming quarters, but we have not changed our view of the company. Therefore, we reiterate our Base case of SEK 38 per share.
JS
KL
Johan Svantesson
Kristoffer Lindström
Disclosures and disclaimers