Enlabs: First comment Q4, another high score
As expected, another ATH for Enlabs with Sales in line with our estimates. The growth was 11% Q/Q and 25% Y/Y, despite low betting margin and low player values in the Media segment. The bottom line was, however, negatively affected by one-off costs and increased COGS. All in all, a solid quarter and the outlook for 2020 remains strong.