QBNK is Sweden’s leading service provider for managing images, videos and presentations. QBNK has provided strong indications after listing and target price is raised from 3,00 to 4,10 SEK.
”QBNK’s report of the second quarter proved it to be the company’s best yet. Sales increased with 58 per cent and EBIT with 157 per cent. During the first half of the year sales increased with 52 per cent and operating profit with 75 per cent. This leads us to adjust the prognosis for QBNK regarding sales and profitability. We will therefore raise the target price to 4,10 SEK,” writes Analysguiden in an updated analysis of QBNK.
”Retailers are responsible for client knowledge as well as the integration of clients’ IT-systems. QBNK’s revenue is a subscription- or licensing fee that is charged to clients. QBNK’s business model is therefore scalable, which means that sales can grow significantly faster than the personnel costs. What the company foremost needs to invest in is increased support for retailers,” Analysguiden further dictates, who also believes in a growth the coming years.
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About Analysguiden
Aktiespararen, the distributor of Analysguiden, is a journal published monthly. Birger Jarl Fondkommission (BFK) is an investment company under the supervision of Finansinspektionen (Swedens financial supervisory authority). BFK is responsible for tasks such as prepare and distribute reports in investment- and finance analysis as well as other forms of of general recommendations regarding transactions of financial instruments. Analyst Åse Lindskog, who constructed this report, has no economic interest or financial hold of QBNK Holding AB or affiliated companies.
About QBNK Holding AB (publ)
QBank's mission is to provide companies and government agencies cloud-based products and services in Digital Asset Management. The company is growing at 30-40% per year.
The ticker symbol for the stock is: QBNK
ISIN code of the company's shares is: SE0005934023
For more information, please contact:
Carl Petruson, CEO
QBNK Holding AB (publ)
Tel: +46 8-459 99 90
e-mail: carl.petruson@qbank.se
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