Bildkälla: Stockfoto

Nelly Group: Black is the new black - SEB

We re-initiate our coverage of Nelly following the separate listings of its two former divisions Qliro, the consumer bank, and CDON, the marketplace. Nelly now offers a pure exposure to the digital shift in Nordic fashion consumption, targeting primarily younger women with a very curated offer. We expect efficiency gains from automation and an increasing share of higher margin own brand sales to bolster a marked rebound in earnings over our forecast period.

Research from 20201210
Börsvärldens nyhetsbrev
ANNONSER