Raketech: Seasonally strong quarter boosted by M&A - Nordea

We expect Raketech to deliver yet another record quarter with revenue of EUR 12.2m, driven by solid organic growth of 24% and a compelling M&A contribution of 20%. We expect momentum, which was robust in Q3, increased further in Q4, with further positive effects from Casumba and the lifting of gambling restrictions in Sweden, and an intense calendar in the US. We expect another quarter of solid underlying profitability, as high-margin acquired assets continue to be added to the portfolio. We leave our estimates largely unchanged and make only minor positive changes to our fair value range. The Q4 report is due on 16 February. Marketing material commissioned by Raketech Group Holding.

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