Concorde Securities - Duna House (DUNAHOUSE) Another strong quarter, Q3 can be even better

Report

Concorde Securities

Krisztian Karikas

Another strong quarter, Q3 can be even better

Duna House posted record quarterly results in the second quarter as well. The Italian and
Polish intermediary segment continued to post strong results while the Hungarian market
somewhat slowed down in Q2. Given the improving performance in all three countries,
the management reiterated its full year guidance of cleaned core net profit of HUF 2.9-
3.6bn.

01/09/2025 5 EN

Underlying

Duna House

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HU0000177613 Budapest Stock Exchange Hungary

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

Krisztian Karikas

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Another strong quarter, Q3 can be even better

The Rear-View Mirror – EME markets: Poland – worst performer in August

WOOD Flash – Duna House: strong 2Q25, guidance reiterated

Solid H1 results, unchanged outlook

Challenges remain, margins in focus

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