DIGI - Higher effective tax rate and FX dragged profit into the red
DIGI’s net profit arrived to -EUR 9 million (-152 y-o-y) and its EBITDA to EUR 135 million (+10% y-o-y)
in line with expectation. Our forecast for FY profit and EBITDA stand at EUR 97 m and EUR 511 m,
while 9M profit and EBITDA reached EUR 40 m and EUR 386 m respectively.
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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