Enlabs: Upside Despite a Lost Year

Research Note

2020-04-17

11:23

Redeye has, on the back of the Corona Crisis, lowered its estimates and valuation in Enlabs. The negative impact of closed betting shops, few sports events, and suspended online operations in Latvia will be substantial on Enlabs business. However, we expect the main effects to be short-termed, and the company has an excellent position to take advantage of M&A opportunities.

JA

KL

Jonas Amnesten

Kristoffer Lindström

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