Vow: Operational momentum set to continue - Nordea
We expect that Q2 was yet another strong quarter for Vow, which reports its H1 results on 25 August. Cruise activity is bouncing back, while the order intake for the Landbased segment is booming. Combining this with a solid order backlog that provides revenue visibility well into 2025/26, we argue that Vow is an intriguing cleantech play to have on the radar. We make minor estimate changes ahead of the report and maintain our fair value range of NOK 35-39, implying about 50-70% upside to current levels.
Marketing material commissioned by Vow.
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