Zwipe recently announced its entrance into access control, an area it has been active in historically. Redeye brings its view to the news, having researched the market and discussed with experts within Zwipe. We are also increasing our valuation and see exciting times ahead.
We are raising our valuation of Zwipe from NOK 32 to NOK 34 after taking access control into consideration and will follow the developments onwards closely. We are also raising our bull case from NOK 46 to NOK 48. We think 2022 will be an exciting year for Zwipe and that investors should expect to get a lot more clarity on the prospects both within payment cards and access control.
Revenue and profit forecasts have been slightly raised. It’s worth reading through the text, as it discusses risks and the perspectives of various parties on the matter over the long term.