PKO Bank Polski - VRG (VST) VRG - May-19: sales +42% y/y (incl. Bytom) on higher margin; adj. sales +15% y/y (neutral)

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PKO Bank Polski

Adrian Skłodowski

VRG - May-19: sales +42% y/y (incl. Bytom) on higher margin; adj. sales +15% y/y (neutral)

Research prepared by PKO BP Securities

04/06/2019 3 EN

Underlying

VRG

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Provider

PKO Bank Polski

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Analysts

Adrian Skłodowski

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VRG - May-19: sales +42% y/y (incl. Bytom) on higher margin; adj. sales +15% y/y (neutral)

Famur - Bullish outlook + hard rock entry (positive)

Stalexport - Benefit on VAT exemption? (positive)

- Dziennik

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