Report
Krisztian Karikas

Duna House - Strong Momentum Continues

Duna House posted strong third quarter results today morning. The Italian and Polish
intermediary segment remained very solid while in Hungary the housing transactions
accelerated given the Otthon Start Program. In the first nine month, DH delivered HUF
4.9bn cleaned core EBITDA and HUF 2.8bn cleaned core net profit which is already above
full year results in last year. Given the strong momentum in DH’s core markets, mgmt.
has lifted its full year 2025 guidance to a range of HUF 7.2-7.7bn in cleaned core EBITDA
and HUF 4.2-4.6 in cleaned core PAT, representing a 15 and 34% increase to the
midpoint of initial guidance ranges.
Provider
Concorde Securities
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.

Analysts
Krisztian Karikas

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