We expect Europris to report Q2/20 EBITDA of NOK 529m, 21% above latest Factset consensus of NOK 439m. The strong result is explained by our estimated Y/Y revenue growth of 31.4%. The company has already communicated sales growth of 33.9% Y/Y for April and May combined. As Europris has experienced a rise in demand during the ongoing Covid-19 outbreak, the share price has climbed more than 80% since late March 2020.
08 Jul 2020
Covid-19 travel restrictions to benefit Q2/20
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Covid-19 travel restrictions to benefit Q2/20
We expect Europris to report Q2/20 EBITDA of NOK 529m, 21% above latest Factset consensus of NOK 439m. The strong result is explained by our estimated Y/Y revenue growth of 31.4%. The company has already communicated sales growth of 33.9% Y/Y for April and May combined. As Europris has experienced a rise in demand during the ongoing Covid-19 outbreak, the share price has climbed more than 80% since late March 2020.