On back of Qliro Group's warning on Q4 profits developments in mainly Nelly, its online fashion retail division, we have lowered our corresponding financial forecasts to reflect operating losses in the period.
Ahead of the pending separate listing in H1 2020 of its consumer bank Qliro (f. QFS), we have also added to cost assumptions in this division. Based on revised estimates we arrive at a mid-point SOTP equity value of SEK 13 per share (previously SEK 15)
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