PKO Bank Polski - Wirtualna Polska Holding SA (WPL) Wirtualna Polska - 1Q19 earnings review: EBITDA close to expectations (neutral)

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PKO Bank Polski

Małgorzata Żelazko

Wirtualna Polska - 1Q19 earnings review: EBITDA close to expectations (neutral)

Research prepared by PKO BP Securities

20/05/2019 3 EN

Underlying

Wirtualna Polska Holding SA

Wirtualna Polska Holding SA is a Poland-based holding company. The Company owns entities that are engaged in the Internet publishing and broadcasting content, including operating business, technology, sports and entertainment portals, as well as electronic mail (e-mail) and electronic commerce (e-commerce). It also offers a range of advertising products, including display ads. The Company operates through such Internet portals as Wirtualna Polska, o2.pl, Money.pl, WP SportoweFakty, Dobreprogramy.pl, WP Parenting, Domodi and Homebook, among others. The Company operates domestically.

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PLWRTPL00027 Warsaw Stock Exchange Poland

Provider

PKO Bank Polski

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Analysts

Małgorzata Żelazko

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Wirtualna Polska - 1Q19 earnings review: EBITDA close to expectations (neutral)

Wirtualna Polska : Diving into new oceans, anchored by the sh(c)ore

WOOD Daily: SNT PW; EEMEA Macro; CPS PW; WPL PW; PRIUA CP; RICHT HB; TLV RO; PE RO; OPTIMA GA; OPAP GA; MGROS TI; BIMAS TI; KSPI US; ELM AB; The Rear-View Mirror

The Rear-View Mirror – EME markets: Turkish ISE back in the lead

Famur - Bullish outlook + hard rock entry (positive)

Stalexport - Benefit on VAT exemption? (positive)

- Dziennik

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