Enlabs: Strong Core and Expanding

Research Update

2020-11-23

07:20

Redeye raises the fair value of Enlabs on the back of strong underlying growth and good cost control. After a challenging second quarter, Enlabs has recovered quickly and is back on pre-COVID-19 levels. The underlying growth in the Baltic is driving the organic growth for the company, while cost control has resulted in strong margins. Furthermore, the acquisition of Global Gaming will strengthen the group and offer substantial synergies.

JA

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Jonas Amnesten

Tomas Otterbeck

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