Report

Atlantic Grupa Q3 22 - Margins deteriorated as expected, but sales beat

-Strong top line performance with growth of all business units
-Further deterioration of profit margins in line with expectations
-Management shifted the expected beginning of recovery of margins to 2024e
-We rate the reported results neutral for the share price development
Underlying
Atlantic Grupa

Provider
Raiffeisen Bank International AG - Institutional Equity
Raiffeisen Bank International AG - Institutional Equity

The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.

The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.

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