Concorde Securities - BRD-Groupe Societe Generale (BRD) BRD - In line Q3, dividend matters most

Report

Concorde Securities

Hai Thanh Le Phuong

BRD - In line Q3, dividend matters most

BRD reported net income figure of RON 288 mln, down 11% y-o-y and 29% qo-q. Weaker results were attributed to higher tax expenses and lower
recoveries on a quarterly basis.

11/11/2021 4 EN

Underlying

BRD-Groupe Societe Generale

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ROBRDBACNOR2 Bucharest Stock Exchange Romania

Provider

Concorde Securities

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.

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Analysts

Hai Thanh Le Phuong

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BRD - In line Q3, dividend matters most

The Rear-View Mirror – EME markets: EME indices mostly in the red in April

WOOD Daily: PEO PW; KOMB CP; EBS AV; MBK PW; SPL PW; CCC PW; PCF PW; CAR PW; ASELS TI; TKNSA TI; CIMSA TI; AKCNS TI; FROTO TI; TUPRS TI; ALARABIA AB; OMV AV; SNP RO; BRD RO; GEKTERNA GA; FTSHP CP; BOROUGE UH; MCOVB SS; GEV CP; HU Macro

WOOD Daily: DOC AV; DIA PW; ALR PW; MONET CP; MYTIL GA; 11B PW; MBR PW; OPL PW; OPL PW; WPL PW; DSPW CP; TL Banks; SIPCHEM AB; TOASO TI; FROTO TI; TKNSA TI; BRD RO; OMV AV

MOL beats consensus on unusually strong Q1 refined product sales

OMV Misses Clean CCS EBIT Consensus Amid Continued Refining Weakness

Petrom Posts Solid Quarter, In Line with Consensus

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