4Q19 preliminary results review
LPP published its 4Q19 preliminary results with revenues of PLN 2,747m (+16% y/y, in line with our estimates) and EBIT of PLN 483m (+11% y/y, 11% below our estimates). As a reminder, presented 4Q19 results refer to 3 months period (01.10-31.12), while preliminary fiscal 4Q19 results including 4 months period (01.10.2019-31.01.2020) will be presented on 3 February 2020 (the company has decided to change its fiscal year). Below please find key takeaways:
Rapidly growing CEE brokerage with over 50 stocks under coverage across CEE4 countries: Poland, Czechia, Hungary, Romania.
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