Netcompany: "Widening The Net", Citi starts with "buy"

Netcompany A/S

08/12/2020 07:16

** Citigroup initiates Danish IT services provider 
Netcompany  NETCG.CO  with "buy", citing Denmark's public sector
digitization, differentiated and agile business model and upside
from market expansion
    ** The brokerage sees the company as a key beneficiary of
public sector digitization
    ** It expects Denmark's high degree of public sector
digitization to continue as the country recovers from the
pandemic
    ** Citi believes that Netcompany's success is driven by a
differentiated high performance culture and a business model
which is both lean and agile
    ** "We see significant upside from expansion into the other
Nordic markets as well as the UK," the broker adds
    ** Among the 7 analysts that cover Netcompany Group A/S, the
breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" 
    
    

 ((marta.frackowiak@thomsonreuters.com))