Report
Sašo Stanovnik

Slovenian Weekly Report 8.1.2018-12.1.2018

  • Luka Koper reported 4Q17 and consequently 2017 throughput:
    • Total throughput increased by 6.2% YoY in 2017 with 1.0% YoY decrease in 4Q17.
    • Containers throughput increased by 7.9% and 5.6% YoY in 2017 and 4Q17 respectively
    • Vehicles throughput decreased by 1.0% and in increased by 3.5% YoY in 2017 and 4Q17 respectively
    • Numbers remain very strong from 2017 perspective, albeit 4Q17 was a weaker quarter (disappointed) and lowered the overall growth rates (if we have look from 9M17 perspective). Namely in all but vehicles segment consequent 2017 growth rates are lower than 9M17 implied. However in vehicles, growth is back in 4Q17 versus past three negative quarters.
    • In addition Luka Koper d.d. (parent company, but accounting for most sales and profitability) has reported a very hefty 8.4% YoY growth of revenues in 2017 versus 2016.
    • It seems results are still on track with latest estimates.
    • Note detailed results will be published on 16th February 2018.
Provider
Alta Invest
Alta Invest

ALTA Invest, investicijske storitve, d.d., (ALTA Invest, investment services, Inc.) is a part of ALTA Group, the biggest financial non-banking group in Slovenia. ALTA Invest has around 28% market share on the domestic Ljubljana Stock Exchange and has more than EUR 95m of assets under management.

Our trading advantage is our execution of large trading blocks with low impact on the market. We offer trading on several platforms on numerous markets, with a wide variety of financial instruments. Our advantage is also a research department, which is both sell side and buy side and has the far most extensive and regular coverage of domestic companies. We cover 9 companies on Ljubljana Stock Exchange, which is around 90% of Mcap on LJSE – and here we are practically the only local broker providing this kind of extensive and regular coverage for Slovenian companies.

A part of ALTA Group are ALTA Skladi, a mutual fund asset management company with roughly EUR 260m of asset under management. ALTA Group is also extensively involved in corporate finance projects and raised considerable assets (fixed income and equity) in the last two years for several companies.

Analysts
Sašo Stanovnik

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