We expect Netcompany to reiterate its 2021 guidance, although it may be more positive in its wording.
We leave our 2021-23 estimates unchanged, but because of multiple expansion with the peer group, our our updated DCF- and peer group-based valuation now suggests a fair value range of DKK 590-690 (up from DKK 525-615). Marketing material commissioned by Netcompany.
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