B2Holding (B2H) reported its Q3 earnings today and we found them in line with our estimates apart from a higher tax cost in the quarter. Cash collections were solid, but also characterised by NOK 408m in repossessed assets. B2H has extended its RCF 1 year and negotiated a new EUR 100m term loan with the bank consortium. We find the added financing flexibility supportive for the equity story, particularly in the middle of the second Covid-19 wave.
03 Nov 2020
Strong operations and added flexibility
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Strong operations and added flexibility
B2 Impact ASA (B2I:OSL) | 0 0 0.0%
- Published:
03 Nov 2020 -
Author:
Joakim Svingen | Roy Tilley -
Pages:
16
B2Holding (B2H) reported its Q3 earnings today and we found them in line with our estimates apart from a higher tax cost in the quarter. Cash collections were solid, but also characterised by NOK 408m in repossessed assets. B2H has extended its RCF 1 year and negotiated a new EUR 100m term loan with the bank consortium. We find the added financing flexibility supportive for the equity story, particularly in the middle of the second Covid-19 wave.