ENLABS: First comment Q4, impressive online growth

Research Note

2019-02-12

17:44

ENLABS top-line for the fourth quarter was better than expected. The sales growth was driven by the Online Gambling segment. The segment also overperformed our estimates with 7%. On the downside, the Media segment had a poor development with a large drop in sales and a major decrease in the EBITDA margin. However, the company sees clear signs of a turnaround within the Media segment. Moreover, ENLABS expansion on the Lithuanian market and new markets will intensify during 2019.

JA

KL

Jonas Amnesten

Kristoffer Lindström

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