Raiffeisen Research Institutional Equity Daily 17.05.2021
AT: Semperit - Premature resignation of CFO Schallegger, Petra Preining again takes over interim CFO role (neutral) PL: CCC - Company keeps forecast for double-digit sales growth in 21/22 (neutral)
PL: Recovery on track despite the pandemic - inflation risks mount
RO: Conpet - Q1 21 net profit significantly below expectations on lower transported volumes (negative)
RO: Digi Communications - Q1 21 net profit of EUR 14 mn on the back of lower financial expenses (positive)
RO: Large external imbalances in February and March
RO: Medlife - Medife Q1 21 net profit was 5.6x higher yoy to RON 36.1 mn on the back of 28% yoy growth of sales (positive)
RO: NBR revises its inflation forecast upwards again
RO: Purcari Wineries - Q1 21 Net profit up by 28% yoy on the back of 8% yoy sales increase, Romania continuing to drive the growth (positive)
RO: Sphera Franchise Group - Q1 21 net loss of RON 3.1 on due to financial costs of RON 6.1 mn (neutral)
RU: LUKoil - Preliminary operating results were close to estimates (neutral)
CCC is engaged in the wholesale and retail trade of clothing and footwear. Co. offers its products to wide range of consumers, from demanding clientele of trendy boutiques to value-oriented medium segment customers, to less wealthy customers seeking reasonably priced quality footwear. Co. pursues a strategy of brand diversification, which is reflected in its three autonomous distribution channels: a chain of official CCC stores, BOTI footwear shops and QUAZI boutiques. Co. offers more than 2,500 designs of footwear. Co. also owns more than 67 proprietary brand names e.g. Lasocki.
PJSC Lukoil is a vertically-integrated oil company engaged in the exploration and production of crude oil and natural gas. Co. is engaged in all main sectors of the modern oil business including supplies, refining, marketing, transportation, petrochemicals and oil-related activities. Co.'s operations are divided into five business segments: Exploration and Production; Refining, Marketing and Distribution; Chemicals; Power Generation and Other Business Segments. Co. owns and operates refineries in Bulgaria (LUKOIL Neftochim Bourgas AD) and Romania (Petrotel-LUKOIL).
Semperit is a holding company, engaged in developing, producing and selling specialized rubber and plastic products for the medical and industrial sectors. Co. has 20 production facilities in 12 countries. In addition, Co. operates a distribution network with branches in Asia, Europe and North and South America. Co.'s products are sold to providers in the medical and industrial sectors, who are supplied with specialised rubber and plastic products. Co.'s main product categories include examination and surgical gloves, hydraulic and industrial hoses, conveyor belts, escalator handrails, construction profiles, cable car rings, ski foils and products for railway superstructures.
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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