Freja eID Group: Entering the next phase - DNB

With its 332k+ user base and 900k+ quarterly transactions, Freja eID’s app is one of the most popular in Sweden. As Freja eID is set to focus more on fine-tuning the commercial aspects of its growing eID ecosystem, we await further platform monetisation. We have cut our 2021–2022e net sales by 24–17%, and forecast a 64%+ revenue CAGR for 2020–2023. We have lowered our fair value to SEK20–35 (25–40).

Länk till analysen i sin helhet: https://www.dnb.no/seg-fundamental/fundamentalweb/GetReportSpon.aspx?file=CMPSP_184934.pdf