Report

LPP Company News - Conference call note

LPP held a videoconference to discuss the effects of the ongoing COVID-19 crisis on 14 April.
Key highlights included:

Operations
-Almost all of the groups stores are closed (21/25 countries). While stores remain open in Latvia and Finland, they suffered a 90% drop in traffic, thus the contribution of the brick and mortar business is close to zero at the moment.
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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