Wizz Air : Overblown correction offers good entry point
>One-off impact relating to wet lease and slight pricing pressure account for guidance adjustment - The performance in Q1 was disappointing with net profit of only € 1.2m (vs our forecast of € 58m and the consensus of € 99m) and a downward revision of € 150m to the full-year guidance with net profit now expected in the € 350-450m range. This stems mainly from i/ more pronounced inflation in unit costs ex. fuel (in Q1 at 8.2% vs our forecast of 6.3%) related to a los...Wizz Air Holding is a European airline. As of Mar 31 2017, Co. provided more than 500 routes from 28 bases, connecting 141 destinations across 42 countries. Co. has two reportable segments: the airline and the tour operator business units, marketed under the Wizz Air and Wizz Tours brand names, respectively. Wizz Air sells flight tickets and related services to external customers and, to an extent, to Wizz Tours. Wizz Tours sells travel packages to external customers covering the network of Wizz Air.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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