NLAB

Nordic Leisure

Research update

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Nordic Leisure: Lithuania expects to boost top-line growth

Nordic Leisure is evolving from being a technology driven company, where the focus has been on completing the proprietary technical platform, to focusing on sales and marketing. This shift has taken longer than we expected. On the positive side, the company’s platform has now been certified for the Lithuanian market, and we expect Lithuania to boost top-line growth in 2019. All things considered, we have lowered our estimates, which results in a new fair value of SEK 27 per share in Base case.

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