KONCAR Group Q3 22 - Strong top line but profitability deteriorated
Sales revenue again outperformed RBIe (like in Q2 22)Compared to Q2 22 and Q3 21, no significant one-offs were reported on the group level
Clean Q3 22 EBITDA was in-line with RBIe
However, operating profitability fared below our expectation
We rate the results as neutral for the share price development
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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