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MIPS - Mips AB News Story

SEK378.6 2.8  0.8%

Last Trade - 10/08/20

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £862.1m
Enterprise Value £844.7m
Revenue £23.0m
Position in Universe 302nd / 1782

BUZZ-MIPS: Berenberg starts with "buy", sees co as market leader

Fri 17th January, 2020 10:36am
** Berenberg initiates Sweden's MIPS  MIPS.ST  with "buy",
saying it sees the company as the market leader in helmet-based
protection against rotational motion
    ** The broker says MIPS's strong patent portfolio and its
ability to prove the effectiveness of its products through
research and scientific testing are key to its leading market
position
    ** Berenberg says there is room for MIPS to double its
client base within its existing core markets
    ** Says it sees a compound annual growth rate for 2018-2022
sales of about 36%, driven by new customer wins and continued
cross-selling in its existing client portfolio
    ** Berenberg adds it expects MIPS to offer a dividend payout
ratio of over 50%, supported by high free cash flow generation

 ((jagoda.darlak@tr.com))
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