Record profit in Q4, further growth ahead
DH Group posted record results today morning. Strong performance was seen across allmarkets. For the full year, cleaned core EBITDA amounted to HUF 7.52bn (+58% YoY)
while cc. net profit reached HUF 4.46bn (+82% YoY) both are exceeding management
guidance. After the great results management proposed HUF 2.5bn dividend payment
for the AGM, equaling to a DPS of HUF 72.7 and a decent 5.1% dividend yield based on
yesterday’s close price. 2026 guidance assumes cc. EBITDA to come in a range of HUF
7.521bn – 8.313bn and cc. net profit to be between HUF 4.531bn – 5.008bn which would
imply 5-6% YoY increase to the midpoint of guidance. The guidance and the
developments seen in the last quarter are in-line with our estimates, hence we keep our
TP and BUY recommendation unchanged.
Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.