Report

Raiffeisen Centrobank Equity Daily 29.04.2020

ï‚§ AT: OMV - 1Q 20 clean CCS result 22% above consensus, but 2020 outlook revised to reflect Covid-19 impact (neutral)
ï‚§ AT: STRABAG - Strong FY 19 shaped by record earnings/profitabilty and good cash conversion, FY 20 guidance already communicated last week (neutral)
ï‚§ AT: Telekom Austria - Continued strong business trends in CEE (neutral)
ï‚§ FR: Verallia - Solid 1Q but Covid-19 burden to intensify in 2Q (neutral)
ï‚§ HR: Ericsson Nikola Tesla - Limited impact of the pandemic on 1Q 2020 figures (positive)
ï‚§ HU: Gedeon Richter - Purchasing a new biosimilar for USD 16.5 mn (neutral)
ï‚§ PL: Orange Polska - 1Q 20 results with higher than expected EBITDAaL, deeper net loss (positive)
ï‚§ PL: Santander Bank Polska - 1Q 20 conference call notes (neutral)
ï‚§ PL: Telecoms - Rules of the 5G auction may change (negative)
ï‚§ RO: Fondul Proprietatea - Shareholders approved 2019 DPS of RON 0.0642, implying a DY of 5.5% (neutral)
ï‚§ RO: OMV Petrom - 1Q 20 clean CCS earnings above consensus on stronger contribution of Downstream segment (positive)
ï‚§ RU: Gazprom Neft - The BoD proposed DPS of RUB 37.96 for 2019, in line with estimates (neutral)
ï‚§ RU: Moscow Exchange - RUB 7.93/share dividend approved (neutral)
ï‚§ SI: NLB Group - Pre 1Q 20 earnings call with the management (neutral)
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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