SpareBank 1 Helgeland (HELG) published Q3 this afternoon and EPS was on the soft side following higher non-recurring operating expenses relating to the ongoing transaction with SpareBank 1 Nord-Norge (NONG). The project is running according to plan and we look forward to more details on the timeline, as well as consequences on revenue and operating expenses going forward in the Q4 report. We keep our Buy and target price of NOK 90 for now.

27 Oct 2020
According to plan

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
According to plan
SpareBank 1 Helgeland (HELG:OSL) | 0 0 0.0%
- Published:
27 Oct 2020 -
Author:
Joakim Svingen | Roy Tilley -
Pages:
14 -
SpareBank 1 Helgeland (HELG) published Q3 this afternoon and EPS was on the soft side following higher non-recurring operating expenses relating to the ongoing transaction with SpareBank 1 Nord-Norge (NONG). The project is running according to plan and we look forward to more details on the timeline, as well as consequences on revenue and operating expenses going forward in the Q4 report. We keep our Buy and target price of NOK 90 for now.